The House Intelligence Committee report on Huawei Technologies Co. and ZTE Corp., China‘s two largest phone-equipment makers, breathlessly hints at a massive national security breach in the making. The committee report, out today, says Chinese intelligence services could spy on the U.S. by using the two companies’ equipment to tamper with American telecoms networks. The companies, based in […]
Exactly 11 years ago, with the wounds of 9/11 still fresh, the United States and Britain invaded Afghanistan. They arrived in anger, collected allies along the way, and grew in ambition. Today that anger has faded, those allies depleted, and their ambition exhausted. The campaign is already the longest in American history, far surpassing the Revolutionary […]
Republican presidential candidate Mitt Romney delivered a sweeping critique on Monday of President Barack Obama’s handling of threats in the Middle East, saying Obama’s lack of leadership had made the volatile region more dangerous. In what his campaign called a major foreign policy address, Romney called for a more assertive use of American influence in […]
The International Monetary Fund cut its global growth forecasts as the euro area’s debt crisis intensifies and warned of even slower expansion unless officials in the U.S. and Europe address threats to their economies. The world economy will grow 3.3 percent this year, the slowest since the 2009 recession, and 3.6 percent next year, the IMF said […]
LABOR is pursuing a dramatic upgrading of Australia‘s relationship with China that would put diplomatic ties between Canberra and Beijing on a similar footing to relations with the US, Japan and Indonesia. Foreign Minister Bob Carr revealed yesterday that he had sent the head of his department, Dennis Richardson, to Beijing last month to propose the […]
VISITORS to the showroom of the “Everything is Good” jade company in the Chinese border town of Ruili are swiftly steered towards one particular lump of black rock among many thousands on display. It looks innocuous enough, but a small slash on one side, revealing a translucent green and purple interior, betrays its true worth: […]
BARACK OBAMA‘S re-election hopes were dealt a setback by Mitt Romney‘s relentless attack on his economic record at Wednesday’s presidential debate. Today, he got a lifeline from an unlikely source: the economy. In September, the unemployment rate plunged, unexpectedly, to 7.8%, from 8.1% in August. It was the first time it fell below 8% since […]
Edelmina Flores thanks God and Hugo Chávez for her apartment in a new housing complex in the Venezuelan president’s home state of Barinas. She might also want to thank the Chinese government. Since 2007, the China Development Bank has lent Venezuela $42.5 billion, backed by revenue from Venezuelan crude. That sum accounts for nearly a quarter […]
Despite all the attention the trade deficit receives each month, little heed has been paid to the rapid expansion of U.S. exports, which have been growing nearly three times faster than gross domestic product since 2005. As a share of the U.S. economy, exports are at their highest point in 50 years. Rather than slow […]
No one in the 20th century was responsible for more deaths than Mao Zedong (1893-1976), chairman of the Chinese Communist Party; not Lenin, Stalin or even Hitler. The sheer size of China meant that Mao’s vicious, carefully premeditated policies led to more death, starvation, suffering and bloodshed than the work of anyone else in history’s […]
