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 ...

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 ...