In the wake of Obama’s recent tour of Latin America, media reports and commentators claimed that China has been economically outmuscling the United States in the region. The reality, however, is that Beijing’s economic presence has not come at the expense of the United States. Although Washington still maintains an overwhelming edge, its influence is decreasing. This decline will be exacerbated by Obama’s focus on boosting U.S. exports to the region rather than importing more of Latin America’s manufactured goods.
Impact of Fukushima Continues to Inch up to Chernobyl Levels
Like Chernobyl, the economic effects of Fukushima will ricochet around the world.
For $700 Million Mugabe Lets China Write Its Own Rules
Zimbabwe’s President Robert Mugabe has let China write its own rules despite his demand that all foreign-owned mining ventures sell majority holdings to black Zimbabweans.
Obama in Latin America: Another Missed Opportunity
U.S. President Barack Obama’s most audacious phrase during his trip to Latin America that ended this week was “We are all Americans. Todos somos Americanos.” The phrase seemed designed to provoke rants from the right wing in the United States. But in fact, the right wing and the mainstream media largely overlooked Obama’s tour.
Migrant Workers in Libya
The camera pans out on a dense sea of people pushing and shoving against one another, trying to work their way through the noisy crowd on the border between Libya and Tunisia. One lone voice narrates above the clamor: “The scene at the Libyan border is getting ugly,” he tells us and goes on to explain that these are migrant workers from Egypt who are attempting to flee the violence in Libya. “Expect more scenes like this in the days and weeks to come,” he declares in a somber tone, before the frame shifts to another dense sea of people, lying under blankets as the sand swirls about in the background.
For Clue to How U.S. Would Respond to Its Own Fukushima, Look at Financial Crisis
The U.S. response to the financial crisis showed scant evidence that we learned from our mistakes.
Free Trade’s Winners and Losers in Latin America
Scrapping tariffs can hurt poor farmers, and a deal with Colombia might boost coca production.
Europe’s Austerity: Like Something Out of the Brothers Grimm
EU’s narrative that high wages, early retirement, and generous benefits have led several countries to the verge of bankruptcy is nothing but a fairy tale.
Failure to Open “New Chapter of Engagement” Will Dog President Obama on Visit to Latin America
Brazil’s rise in a way parallels the demise of U.S. influence in the region.
The Battle for Greece
While the world’s attention is focused on the revolution in Egypt, street fighting in Libya, and the battle for Sana in Yemen, in democracy’s birthplace people are also taking to the streets, continuing to protest an austerity plan that many Greeks say will beggar them. On February 23, protesters conducted a 24-hour strike that brought hundreds of thousands of people into the streets of Athens.