While I expect China and India to weather the slow down in US consumption reasonably well, perhaps even benefiting from a relief of inflationary pressure, others are more sanguine about the central role the US economy still plays in the global economy. This linked article, A Subprime Outlook for the Global Economy, by Stephen Roach …
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Category:9 Regions
At last, well spent Iraqi reconstrcution funds on power from China and Iran
It is welcome news that Iraq is working with Chinese and Iranian businesses to expand the country’s power infrastructure. Shanghai Heavy Industry of China will build a $ 940 million, 1,300 MW plant and Sunir of Iran will build a $ 150 million, 160 MW plant. Together they will increase Iraqi electricity generating capacity by …
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Consumers enforce organics in US, because the government won’t
Acting on behalf of organic food consumers in 27 states, class action lawsuits are being filed in U.S. federal courts in St. Louis and Denver, against Aurora Dairy Corporation. The suits charge Aurora, one of the nation’s largest organic dairies, with consumer fraud, negligence, and unjust enrichment concerning the sale of organic milk by the …
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What coalition … ?
A senior Pentagon official has been on a fortnight tour of little-known European and Eurasian capitals trying to deliver a dribble of troops for Iraq and Afghanistan. As the NYT notes “The low-profile trip reads more like a geography test than a geostrategic foray.” Debra Cagan, the deputy assistant secretary of defense for coalition affairs, …
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Chinese party congress seeks improvement
The five year Chinese Communist Party Congress, taking place over 5 days, was opened by President Hu Jintao. While the event is carefully orchestrated it is refreshing to note self criticism which one would hardly expect from US or European political leaders. Hu drew attention in particular to the problems of corruption and local governance, …
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We love China, but …
October saw China’s Communist Party Congress, a gathering held every five years to publicise the party’s objectives, endorse policy and make senior appointments. As China prospers and expands its presence on the world stage, this offered an opportunity to reflect on political and social developments at home. While the general commentary is positive, critics highlight …
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EU environment failing: air pollution, biodiversity loss and poor water quality
The European Environment Agency released its fourth assessment report on the environmental situation in 53 European countries, highlighting significant air pollution, biodiversity loss and poor water quality across the region. The irony of the report is that a principal cause of these problems is growing consumption and the demand for transport neither of which people …
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Africa growing with China or the west
This Jamestown Institute article African Perspectives on China offers a summary of the growing relationship of Africa with the rest of the world, especially China. Two main conclusions are apparent: China deals with Africa in a straightforward way (eg access to oil for a railway or factory) which is difficult for western businesses, particularly American …
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Middle East worst case scenario
A number of commentators have discussed a middle east worse case scenario over the past couple of months. The Futurist joined in with their September-October issue. The discussion is interesting and you can see a summary online here. The lead article acknowledges that a regional war engulfing the Middle East is still a “low probability …
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A quick solution to climate change from the US: stop fighting
This linked article by Daniel Kammen at GreenBiz offers simple options to change the US energy consumption profile. His six point plan is: A national commitment to saving money and energy through energy efficiency measures at every step of the economic value chain (some states, including California are fully 40 percent more efficient than the …
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