As the US struggles to deal with the political and economic fallout from the outsourcing of high-tech and manufacturing jobs overseas, many analysts have come down on all sides of the debate. Will America benefit in the end? Does the theory of "comparative advantage" hold true? Can the...
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Global debt has reached $217 trillion, equal to a record 325 percent of global gross domestic product. “High levels of debt do not in themselves indicate an impending crisis,” explains Anthony Rowley, author and long-time business editor. “But when a dramatic surge in borrowing is followed by a...
Ready for the next crisis? Tim Adams, head of the Institute of International Finance, warns about mounting corporate debt that could trigger the next financial crisis, left, and repeat the mayhem of the 2008 financial crisis
TOKYO: There are...
Globalization can't be expected to move at an even pace. Some aspects of globalization like trade growth and capital flows are slowing, explains Minouche Shafik for Financial Times, but others like communications are growing. She is a deputy governor of the Bank of England. Shafik adds that...
Read the article from Financial Times.
The United States has tried tough border policies with the hope of deterring migration and asylum requests. But the number of unauthorized entries have spiked in 2019, more than double that of previous years, reports US Customs and Border Protection. About 600,000 men, women and children, half of...
Humanitarian crisis: The Office of Inspector General for the US Department of Homeland Security issued an alert on overcrowding after an unannounced inspection at a US Border Patrol facility in McAllen, Texas (Source: (US Department of Homeland...
Bilateral relations between Thailand and Malaysia have been unfailingly polite, states this news report in Singapore's Straits Times. The "diplomatic niceties" appear to have been put aside now, however, as Thailand and Malaysia discuss the contentious issue of terrorist bombings in...
MALAYSIA is showing growing irritation over charges by Thai Prime Minister Thaksin Shinawatra that it is harbouring Muslim separatist terrorists.
Yesterday, the gloves came off - Kuala Lumpur put aside its...
The United States was undisputed leader of economic globalization until the 2008 global financial crisis. The country’s moral and economic leadership has since gone into decline. The US share of global gross domestic product has dropped for more than 20 years, from 32 percent to 22 percent. This...
Neighbors that trade: Canada and Mexico are top US trade partners for agricultural machinery; ASEAN, China, Japan, India, Australia, South Korea and New Zealand plan for the largest trade deal that would cover about half the world’s population...
Fiona Hill oversaw interactions pertaining to Europe and NATO as well as Russia, Turkey and Ukrainewas with the National Security Council as. a senior director with the National Security Counci since early 2017. During that time, she observed sloppy security practices, manipulations, internal score...
Read the full testimony from Politico.
Excerpts from the Deposition of Fiona Hill by the Permanent Select Committee on Intelligence joint with the Committee on Oversight and Reform and the Committee on Foreign Affairs, US House of Representatives,...
China came to the aid of the stricken global economy in 2008 with record stimulus funds. But that stimulus injection encouraged debt and overcapacity in key markets like steel and aluminum, explains Börje Ljunggren, author and former Swedish ambassador to China. The country’s total debt has more...
Caught in steel trap: China's President Xi Jinping, left, and Prime Minister Le Keqiang face challenges of overcapacity and unemployment, top; Chinese workers sit idle on steel wire no longer wanted in export markets
STOCKHOLM: At the height of the...
