China Leaders To Meet In November To Back Reforms

Senior Party members will meet in November in Beijing to discuss deepening reforms, and experts said they expect the meeting to set China’s economic agenda. The decision to hold the Third Plenary Session of the 18th Communist Party of China Central Committee was made at a meeting of the Party’s political bureau on Tuesday, which adopted plans for streamlining local government, and preventing and punishing corruption over the next four years. Read Here – China Daily

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Revolution If Europe Drops Welfare Model, Argues Germany

German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe apart, and dropping the continent’s welfare model in favor of tougher U.S. standards would spark a revolution. Read Here – Reuters

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Can Italy’s New Leader Trim a Bloated State?

Enrico Letta, Italy’s new prime minister, says he can reinvigorate his country’s ailing economy by slashing taxes and downsizing government…Letta plans to roll back taxes imposed by his predecessor, Mario Monti, while offsetting the lost revenues with as-yet-unspecified budget reductions. Lettanomics could represent the first big test of the anti-austerity movement that has been gaining steam […]

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Pakistan Inches Toward Political Uncertainty

Pakistan appeared to be treading toward an uncertain political terrain on Tuesday as arrest orders were issued for a sitting prime minister in a corruption case and a populist cleric called for the government’s resignation leading tens of thousands of protesters into the federal capital. During the early hours of Tuesday, the Pakistani-Canadian chief of the Tehrik-i-Minhajul Quran (TMQ), […]

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Why Do We Keep Digging Up Dead World Leaders?

On Tuesday, a Palestinian medical team cranked open the West Bank grave of former Palestinian leader Yasir Arafat, took samples of his remains, and handed the evidence over to European experts to determine whether Arafat was poisoned — by Israel, the theory goes — before his death in 2004. “This will bring closure,” Arafat’s widow observed, “We […]

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Economic Optimism Now Official

Economic optimism is now official. The year ahead could be “a very good one for the American economy,” Ben Bernanke, the chairman of the Federal Reserve, declared on Tuesday. If he turns out to be right, these words could probably be applied to the world economy as a whole. Since Bernanke, even more than other central bankers, has […]

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Ocean-grabbing ‘threatens world’s fisheries’: UN

Big fishing concerns are engaged in “ocean-grabbing,” plundering the seas while scoffing at the environment and local interests, the UN’s food watchdog said on Tuesday. In exceptionally sharp words, the United Nations’ special rapporteur on food, Olivier de Schutter, said the interests of smaller fishermen, local communities and sustainable fishing were threatened by long-distance, industrial-scale […]

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How The China-Japan Island Dispute Can Impact India

China has raised the politico-diplomatic ante with Japan over the disputed islands in the East China Seain a definitive manner through a formal Cabinet-equivalent announcement in Beijing and the follow-up of this assertion at the foreign minister level in New York on Tuesday (September 25). Territorial disputes with certain key Asian countries is a high-octane issue […]

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Some Major Japanese Companies Announce Factory Shutdowns In China Ahead of More Protests Over A Territorial Dispute Between Asia’s Two Biggest Economies.

China’s worst outbreak of anti-Japan sentiment in decades led to weekend demonstrations and violent attacks on well-known Japanese businesses such as car makers Toyota and Honda, forcing frightened Japanese into hiding and prompting Chinese state media to warn that trade relations could now be in jeopardy. Another outbreak of anti-Japan sentiment is expected across China on Tuesday, […]

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