Behind the political crisis that saw the recent fall of powerful Communist Party leader Bo Xiali is an internal battle over how to handle China’s slowing economy and growing income disparity, while shifting from an export-driven model powered by cheap labor to one built around internal consumption.
For the first time, there’s been a concerted — and effective — effort to intervene in the nominating process and prevent a crony coronation.
Both Mike Daisey and Jason Russell are storytellers. But they’re not just storytellers. Like Mark Twain, who was infuriated by Belgian colonial policies in the Congo, Daisey and Russell want to provoke us into doing something. And they have carefully crafted their stories toward that end.
And now, virtually simultaneously, both Russell and Daisey are under fire for not adhering to the literal truth.
Saints will not preserve Ireland from an invasion of the austerity snakes: the Irish people will have to do that.
As anxiety about the end of American hegemony abounds and the U.S. unemployment rate remains high, talk about the necessity of out-competing China is on the rise. The leading presidential candidates have zeroed in on China as a major threat to U.S. economic security and have vowed to ensure that the United States remains on top of the global economic ladder.
The 11th round of the Trans-Pacific Partnership (TPP) negotiations is currently taking place in Melbourne, Australia. Although negotiators have agreed to the broad outlines of the TPP agreement, a new trade issue has created a snag in the process: the inclusion of investor-state dispute settlement provisions. These investor-state dispute settlement provisions, included in U.S. investment treaties and trade agreements with more than 50 countries, give advantages to large economies and can cripple small island states like Pacific Island nations.
The current global financial system remains unstable, a house of cards awaiting the next disturbance. It might be the exhaustion of fossil fuels or the breakup of the euro or a major hedge fund collapse. Corporations have growing influence over the political system. And American CEOs are making over 300 times as much as the average worker.
It is the height of deceit for Republicans to suggest that President Obama’s energy policies are causing the rise in gas prices.
The Egyptian military produces a staggering array of manufactured goods: kitchen cutlery, flat-screen televisions, agricultural and household chemicals, refrigerators, industrial machinery, railway cars, and election booths. And while many of the military’s factory webpages make a concerted attempt to promote their wares, the careful observer gets the feeling that the production of air conditioners and gas stoves has superseded the production of guns and ammo. Although the military has been co-producing weapons systems in its factories under license from Western arms manufacturers for decades, the production lines and maintenance facilities constructing and modifying American M1A1 tanks, British armored vehicles, French Alpha Jets, and Chinese versions of Soviet MiGs are remnants of agreements originally signed in the mid-1980s and early-1990s, initiated by the now-deceased former Field Marshal (and staunch US ally) Mohamed Abdel Halim Abu Ghazala.
WASHINGTON, Feb 14, 2012 (IPS) – Despite strong pressure to reduce the yawning federal deficit, the administration of U.S. President Barack Obama is asking Congress for a slight increase in funding for the State Department and foreign aid next year.