The Ignorant President

The news that the National Security Agency was monitoring the telephones of the German Chancellor, Angela Merkel, and many other foreign leaders is less shocking than the revelation that, for the first four and a half years of his Presidency, Barack Obama, the Commander-in-Chief, didn’t know anything about it. Can this be true? Read Here […]

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Let’s Buy America

Shuanghui International’s $7.1 billion purchase of US pork giant Smithfield was a US milestone for many reasons. Not only was it the biggest investment ever by a Chinese company, it also was proof that the US government could make impartial decisions about Chinese investment. And it meant that 70,000 US workers are now in the employ of […]

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A Different Middle Class

The middle class in China remains an essential part of the state from which it has emerged and is not very likely to be the Chinese equivalent of the European or North American bourgeoisie with whom it is often equated. Read Here – Christian Science Monitor

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Are You Bugging My Phone?

The furore over the scale of American mass surveillance revealed by Edward Snowden shifted to an incendiary new level when Angela Merkel of Germany called Barack Obama to demand explanations over reports that the US National Security Agency was monitoring her mobile phone. Read Here – The Guardian

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Never Saw It Coming?

The demise of Bear Stearns was the beginning of a six-month erosion in global financial stability that would culminate with the failure of Lehman Brothers on September 15, 2008, triggering possibly the greatest financial crisis in history. To be sure, the Great Depression of the 1930s involved a far greater collapse in economic activity. But […]

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Troubled Ties

After decades when the core components of US and Saudi strategic policies were more or less in sync, the United States is suddenly not playing by the Saudi playbook. It won’t give the Syrian resistance a blank check; it is daring to consider softening its stance towards Iran; it has dared to criticise, however mildly, […]

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Battling Over Resources

Resource security is now a priority for governments the world over. Markets for many resources are likely to remain tight and unstable as demand growth outstrips production and stocks struggle to recover. Government interventions in resource markets, such as biofuel mandates and export controls, often make things worse. In the medium term, climate change will […]

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