In The News

Keeping Up With China's Olympic Shine – Part II

Alexandra Harney September 24, 2008
China has become known as factory to the world – as manufacturers invested in factories to take advantage of a labor force that accepts low wages and a government with minimal environmental standards and even less enforcement. Shoppers like low prices while the companies enjoy immense profits. China, indeed the entire world, pays a heavy price for manufacturing firms gathering in a place with...

American Exception: US Court Is Now Guiding Fewer Nations

Adam Liptak September 23, 2008
American legal influence is waning as foreign courts pay less attention to US court decisions, suggests Adam Liptak in an article for the New York Times. One reason is that Supreme Court justices are wary about citing decisions from foreign courts. As a result, the US loses one of its great bully pulpits, notes one scholar. Intense debate is underway among legal scholars about whether the US...

Keeping Up With China's Olympic Shine – Part I

David Dollar September 22, 2008
Awarded the right to stage the 2008 Olympics, China set to work polishing cities and parks, designing grand architecture, and coaching citizens to be warm and welcoming hosts. No sacrifice was deemed too great for achieving a successful Olympics and sending a message worldwide about China’s can-do spirit. Perhaps more than anyone else, China’s people appreciated the end results, with the emphasis...

Pakistan on the Brink

Ahmed Rashid September 19, 2008
The US shotgun marriage with Pakistan, arranged after the 9/11 attacks in order to launch the US “war on terror,” has begun to fall apart, and in the process endangers the very state of Pakistan. The US detoured to Iraq and relied on Pakistan’s military ruler General Pervez Musharraf as an ally to manage the region. He’s gone and during the long period of US neglect, both Afghanistan, original...

New US Law Requiring Country-of-Origin Label on Food to Take Effect

September 18, 2008
As of September 30, US food manufacturers and grocery stores will follow footsteps of some other countries by labeling meat, fruits and vegetables with country of origin. Fish and seafood have carried such labels since 2005. “The idea gained momentum, though, following a string of food-borne illness outbreaks, new concerns over the safety of food imports and some of the largest meat recalls in...

Paulson’s Moment of Truth

September 18, 2008
With major firms imperiled, the US government has had to up-end its economic policies by intervening and extending rescues to private investment banks, government-sponsored lenders and a major insurance firm. The bail-outs have added to US debt while deflating value of the US dollar. By refusing to bail out investment bank Lehman Brothers, US Treasury Secretary Henry Paulson signaled that...

Wall Street Dodges a Bullet, How About Next One?

David Dapice September 17, 2008
Low interest rates prompted many investors and homeowners to pour savings into real estate and homes. Investors, convinced that prices could not fall, purchased debt packages including mortgages based on ample credit with little down payments. Prices for homes and investments soared, with the total value of US housing going from about $12 trillion in 2000 to more than $20 trillion in 2006. Now,...