Differing views have been expressed in the debate on who is going to be the biggest US creditor. However, it is certain that China and Japan will remain as the top 2 creditors for the foreseeable future. Read Here – Global Times
By most accounts, the past few weeks have exposed a drastic maturity gap between the U.S. and Chinese governments. The purported icon of democracy watched its system descend into chaos and petty political gamesmanship, coming within hours of a default that would have sparked global economic disorder. Read Here – Bloomberg
THE denouement of the fiscal-cliff drama, unsurprisingly, ended up with a vote that split Republicans in the House. John Boehner, Paul Ryan and 83 other GOP representatives joined 172 Democrats in voting to pass the compromise bill crafted in the Senate that will raise taxes on income over $400,000 for individuals and $450,000 for couples. Just […]
looking beyond borders 