In China, a new agency will police that nation’s internet, punish abusers and oversee telecommunication firms that provide online access. “The mushrooming growth of China’s Internet business has spawned a sort of land rush for regulatory turf by government agencies that see in it a chance to gain...
Click here for the article in The New York Times.
In the race to develop new sources of green energy, China pursues research on thorium – more abundant than uranium – for nuclear power. “While nearly all current nuclear reactors run on uranium, the radioactive element thorium is recognized as a safer, cleaner and more abundant alternative fuel,”...
Click here for the article in Wired.
As US job creation remains stymied, governments at all levels enact protectionist measures. For example, the US has hiked fees for H1B visas for foreign professional workers, and with an unemployment rate exceeding 10 percent, the state of Ohio has banned outsourcing of IT or back-office work in...
Recently, there has been considerable furore in India regarding Ohio’s ban on outsourcing of IT and back-office work under government funded projects to locations such as India. This ban came following a discovery that the Texas-based firm Parago...
Generations disagree about globalization's continuing influence over business routines. IBM conducted two polls among CEOs and students. In the CEO survey, most anticipated new centers of growth and influence to continue expanding beyond Europe and the US. But only 2 percent of the CEOs were...
Click here for the article in Businessweek.
Lured by low adjustable-interest rates, US homeowners bought larger homes than many could afford. Mortgage companies bundled those loans into bond packages, selling them to investors worldwide. But the credit was too easy, and wages are stagnant for many. For homeowners who can’t handle automatic...
FRANKFURT: Fresh signs of trouble for U.S. mortgage lenders and ripple effects even across the Pacific unleashed a massive sell-off in Asian markets Wednesday. But the losses were more modest in Europe and on Wall Street as the U.S. Treasury...
In the world of ideas, globalization inhabits a happy realm where goods, capital, and people flow freely, guided by the over-arching force of utility maximization. But the real world is much more jagged. Labor flows face consistently higher friction than idealized. And capital, when supplied by a...
Globalisation is frequently described as the product of a borderless world. It conjures up an image of an idyllic world where ideas, goods, capital and people move freely across the continents. The reality, of course, is more prosaic. Thanks to the...
It's suspected that some redwoods, yellow cedars and hemlocks of the temperate rain forests of the Pacific Northwest can live 1000 years and well beyond. But a new study from the US Geological Survey, reported on in Science, suggests that the lifespan for such confers is on the decline. “...
Click here for the article on Science.
An integrated world economy is seen by many as beneficial for the developing world, but recent events in Southeast Asia cause some to question this optimism. After an announcement to impose controls on foreign capital in Thailand led to a 14 percent drop in Bangkok’s stock market, the newly-...
Click here for the original article on The Daily Times website.