Jan 7, 2013

Christianity vs. secularism

Pope Benedict XVI had a busy holiday season, as you might expect, since it is a sacred time for Catholics and other Christians. He set himself the difficult-to- impossible task of trying to put Christ back into Christmas. In his Christmas homily the pope ...

Dec 26, 2012

A time to reflect on pressing economic challenges

Sir John Templeton was a legend in his own lifetime who made billions of dollars from the sensible and wise way he invested money. In these difficult times it is apposite to quote Rule No. 12 of Templeton’s legendary golden rules for investment success: ...

Dec 22, 2012

'Abenomics' — a dangerous policy of print and spend

The “landslide” victory of Shinzo Abe and the Liberal Democratic Party was much less than it seemed. The party won only 43 percent of the popular vote in the constituencies and a mere 28 percent in the proportional representational seats. Given the record low ...

Dec 18, 2012

IMF economists see perils in China's investment binge

China’s investment binge has been the envy of many other countries, not least India where inadequate roads mean that 40 percent of crops are spoiled on the way to market, and Japan, where 30-year-old tunnels are passing their sell-by dates and maintenance is not ...

Dec 4, 2012

Sacred India's Chinese flavor

More than a billion small lamps lit the evening sky and hand-held sparkler fireworks added to the dancing light, while firecrackers boomed almost as if a war was going on. In hundreds of millions of homes, people chanted the sacred mantras and called upon ...

Nov 30, 2012

Expertise on climate is a terrible thing to waste

Doha, the capital of the oil state of Qatar, might be regarded as the most appropriate host for the climate change talks that have started, given that it is a living, breathing testament to the oil and gas-guzzling modern economy. It offers up free ...

Nov 29, 2012

Obama's dream hits reality

It was vintage Barack Obama revived as the newly re-elected U.S. president made a teary-eyed victory speech to his supporters and promised that the best was yet to come and he would fight for all Americans to create the land of their dreams and ...

Feb 22, 2012

A 'stewpid' time to raise VAT

The International Monetary Fund has joined Japan’s Prime Minister Yoshihiko Noda and leading politicians and bureaucrats in laying down a remorseless softening up barrage of facts, figures, argument and just plain determination that the country’s consumption tax should rise as quickly as possible. Noda ...

Dec 27, 2011

Grubs wreck India's dreams

My old friend Manmohan Singh has just suffered a devastating and very public defeat. Is it time for him to step down as India’s prime minister and take a well-earned retirement after more than 40 years of top-level public service? Is it time for ...

Dec 17, 2011

Merkozy's euro suicide pact

British Euro-skeptics and many Conservatives were triumphant that Prime Minister David Cameron cast his veto in defense of the City of London at the European summit recently; to British liberals, it was a night of shame that the United Kingdom was so easily isolated; ...