Dec 5, 2011

China: soft or crash landing?

Economists who believe that China can come to the rescue of an increasingly troubled global economy are now in a decided minority, with questions increasingly being asked whether China can save itself: Will China’s economy achieve a soft landing, a hard landing or even ...

Nov 29, 2011

What will wake politicians to threat of climate change?

As ordinary people try to cope with inflation and unemployment, and businesses struggle with higher taxes and falling demand — since consumers are scared to spend — few politicians are looking at life beyond the economic crises. Anyone concerned about the kind of world ...

Nov 23, 2011

Chilling U.S.-China relations

U.S. President Barack Obama and Australian Prime Minister Julia Gillard’s decision to deploy U.S. Marines to northern Australia close to Asia and the angry riposte from China show how relations between the world’s superpower and the once and future great power have cooled to ...

Nov 4, 2011

Taxation alone won't save Japan from its public debts

Jun Azumi has joined the chorus of those promising the imminent prospect of a rise in Japan’s consumption tax. As finance minister, one would think — hope, perhaps pray — that Azumi should know what he is talking about. He told Keidanren chairman Hiromasa ...

Nov 1, 2011

Wall Street mans the barricades

In spite of the current economic turmoil, some Americans do not have any problems with jobs, money or housing. Indeed, Houston oil executive John Schiller built a new Cape Cod house for just $50,000 a couple of years ago. A bargain, you might think, ...

Oct 18, 2011

The EU's clean-air turbulence

Passengers flying to and from Europe face higher fares from next year, and anyone flying to Japan or Asia will pay sharply more than those staying within Europe or going to the Middle East, thanks to new rules from the European Union in pursuit ...

Oct 13, 2011

Jobs leaves questions behind

Steve Jobs of Apple Inc. deserves praise as a remarkable radical thinker and businessman who made path-breaking innovations to transform modern life, from the Mac computer to the smart — both in looks and in performance — iPhone, iPod and iPad. But I would ...

Oct 12, 2011

Missing the boat to Myanmar

Where is Prime Minister Yoshihiko Noda’s foreign policy? A neighboring country that has suffered years of isolation and plunder by the misruling junta may be signaling that it wants to come in from the cold. Japan, which could offer the greatest help, seems to ...

Oct 7, 2011

Battle line over the renminbi

Talk of a new “trade war” over the allegedly undervalued Chinese currency is yet again echoing through the corridors of power in Washington. The U.S. Senate seems determined to pass a bill penalizing China for manipulating the renminbi to keep its value artificially low. ...

Sep 29, 2011

The real financial rogues

The story of the latest “rogue trader” who allegedly cost his Swiss employer $2.3 billion in fraudulent trading is a marvelous one, especially since the alleged rogue, Kweku Adoboli, was praying on his Facebook page for a miracle more than a week before UBS ...