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Archive for the tag “politcs”

A Dangerous Alignment

PRESIDENT BARACK Obama likes to say that America and the world have progressed beyond the unpleasantness of the nineteenth century and, for that matter, much of the rest of human history. He could not be more wrong. And as a result, he is well on the way to repeating some of history’s most dangerous mistakes.

Read Here – National Interest

The Challenge Of Addressing Global Challenges

A new and unprecedented report prepared by a team of Chinese and American strategic thinkers concludes that the two countries are not adequately addressing critical global challenges of the 21st century.

Read Here – The Atlantic Council

Why Stimulus Has Failed

Two fundamental beliefs have driven economic policy around the world in recent years. The first is that the world suffers from a shortage of aggregate demand relative to supply; the second is that monetary and fiscal stimulus will close the gap.

Is it possible that the diagnosis is right, but that the remedy is wrong? That would explain why we have made little headway so far in restoring growth to pre-crisis levels. And it would also indicate that we must rethink our remedies.

High levels of involuntary unemployment throughout the advanced economies suggest that demand lags behind potential supply. While unemployment is significantly higher in sectors that were booming before the crisis, such as construction in the United States, it is more widespread, underpinning the view that greater demand is necessary to restore full employment.

Read Here – Project Syndicate

 

Russia, China Grapple With Mali’s Future

There is a saying, “Once bitten, twice shy“. Russia and China claim to have been bitten once: when the West turned the United Nation’s Security Council resolution 1973 on its head and proceeded to invade Libya. Moscow and Beijing became shy when the West tried to do another Libya, over Syria. When the West mooted successive draft resolutions on Syria, they fought shy.

Therefore, it comes as surprise that the two countries lost their shyness and allowed themselves to be hoodwinked again on Mali.
Curiously, Moscow and Beijing haven’t yet commented on the French intervention in Mali, which came to light ipso facto and has rapidly morphed through the past week into a concerted Western enterprise in Africa. The mother of all ironies is that the

Read Here – Asia Times

Revolution in the Kingdom of Saudi Arabia?

Saudi Arabia is the world’s last absolute monarchy. Like Louis XIVKing Abdullah has complete authority to do as he likes. But while a revolution in Saudi Arabia is still not likely, the Arab Awakening has made one possible for the first time, and it could come in President Obama’s second term.

Read Here – The Daily Beast

China Communist Party Unveils New Leadership With Xi Jinping At Top

China‘s ruling Communist Party unveiled its new leadership line-up on Thursday to steer the world’s second-largest economy for the next five years, with Vice President Xi Jinping taking over from outgoing President Hu Jintao as party chief.

Xi was also named head of the party’s Central Military Commission, state news agency Xinhua said.

The other new members of the Politburo Standing Committee – the innermost circle of power in China‘s authoritarian government – include premier-in-waiting Li Keqiang and financial guru Wang Qishan, who will be in charge of fighting corruption.

The number of members has been reduced to seven from nine, as expected, which should help ease consensus-building as they tackle everything from growing social unrest to uncertainty in the domestic and global economy.

Read Here – Reuters

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