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; ...

Dec 7, 2011

Political earthquake in Osaka

Toru Hashimoto’s huge victory in the Osaka mayoral election was undoubtedly a political earthquake. The question now is how sweeping and powerful will be the tsunami that follows. My worry is that Tokyo, and particularly the political and bureaucratic establishment, does not comprehend the ...

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, ...