There have been many flaws in Europe’s strategy to resolve its ongoing debt crisis: The unreasonable obsession with austerity. The persistent reluctance to commit sufficient financial resources. The stubborn rejection of …
Chinese human-rights activist Chen Guangcheng is a brave man who has taken on China’s brutal authoritarian government and suffered personally for it, but beyond winning the hearts of sympathetic admirers around the world, his …
Being an American journalist reporting on the troubles of Europe is sometimes an ego-damaging experience. I regularly encounter economists, officials and other Europeans who take the attitude that we Yanks just don’t understand
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One of the more gratifying moments so far this year – at least in the realm of high finance – was the decision last week by shareholders of Citigroup to reject a $15 million pay package for CEO Vikram Pandit. The shareholders …
Anyone out there who thinks the euro zone debt crisis is over – and you know who you are – should take a good look at what’s going on in Spain. If Italy represented the biggest threat to the euro in 2011, then Spain will be …
As you can imagine, the people out in Asia are feeling pretty good about themselves these days. And why shouldn’t they? While the U.S. and Europe struggle with debt, unemployment and sagging competitiveness, most of Asia seems …
If you’re watching global oil markets and getting a sickening feeling in your stomach, you’re in good company. Oil prices have spiked precipitously in recent weeks, with the U.S. benchmark price at over $107 and Brent rising …
Amid all of the aggressive market reform that has taken place in China over the past 30 years, the country’s financial and capital markets are a glaring exception. Capital controls restrict flows of money in and out of the …
China’s Premier Wen Jiabao sent a shockwave through the global economy this week when he lowered the country’s GDP growth target for 2012, to 7.5% from 8%. In doing so, Wen was not only recognizing the tremendous headwinds …
I have been guilty, on many occasions, of eviscerating the strategy taken by the leaders of the euro zone to combat its dangerous debt crisis. They have routinely acted too late with too little, causing contagion to spread …
The view in most of the world is that China is indestructible. Shrugging off the crises multiplying elsewhere, China seems to surge from strength to strength, its spectacular growth marching on no matter what headwinds may come. …
