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 ...

Sep 26, 2011

Is Obama worried about work yet?

Beleaguered President Barack Obama has come out fighting with two recent speeches focused on America’s high unemployment rate. First, he gave an address to both houses of Congress, which is now being nicknamed the “jobs-jobs-jobs” speech, because Obama mentioned the word 37 times in ...

Sep 21, 2011

Game show challenge in India

India’s government survived a challenge last month from an unexpected source, a frail 74-year-old former army driver with no formal political power base, who nevertheless brought the powerful politicians to their knees with his campaign against corruption. The struggle raises troubling questions, mostly for ...

Sep 19, 2011

China's historic rise (or slowdown)

Is China on the brink of eclipsing the United States as the world’s economic megapower, with the yuan taking over from the dollar as the global currency, and China able to exercise financial, military and political hegemony? Or is China’s economic growth about to ...

Sep 7, 2011

Shockwaves from the West

A nervous calm has returned to the streets of England after last month’s widespread riots, arson and looting across London and other cities sent shockwaves around the world. As far away as Japan people were asking if Britain was safe any more, and one ...