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    Has the Chinese Investment Wave Begun?

    The wire services have seized on a comment by a Chinese official that the PRC’s official foreign reserves actually fell in October. This is the first drop in almost five years, during which time China’s reserves went from $400 billion to $1.9 trillion. The decline hasn’t been confirmed, much less … More

    Can Africa Trade Its Way to Peace?

    Former assistant secretary of state for Africa Herman Cohen writes in The New York Times: After his inauguration, Barack Obama should appoint a special negotiator who would propose a framework for an economic common market encompassing Congo, Rwanda, Burundi, Kenya, Tanzania and Uganda. This agreement would allow the free movement … More

    Bailout a la Russe: Government Establishes Tight Control Over Industries

    The Russian government is aggressively exploiting the current economic downturn to step up its grip over the economy and actually nationalize most of the lucrative industries. The past week saw new examples of this trend. President Dmitry Medvedev endorsed a new business bailout fund to provide direct financial assistance to … More

    No China Life Line Coming

    The realization that China is in no position to be especially helpful in coping with the financial crisis is finally beginning to sink in with the mainstream media. The Washington Post, Wall Street Journal, and Financial Times today ran front-page stories that Chinese exports and imports contracted in November. This … More

    The Real Danger of World Government

    Even more than rent-seeking and government expansion here at home, the greatest danger of a left-leaning Obama administration may be the danger of capitulation to a new world government. In the past, “One World Government” has been seen as a rallying cry of a fringe group, not something that many … More

    Putin's Bid for a Presidential Comeback

    MOSCOW — Premier Vladimir Putin’s three-hour-plus interaction with the Russian populace showed that the prime minister rather than President Dmitry Medvedev remains in charge of the national leadership. Putin answered questions dealing with the issues both falling directly within his purview as head of the Russian Cabinet and those concerning … More

    U.S. Falls Further Behind on Free Trade

    Last week while we were all getting ready to feast on turkey, Colombia inked another free trade deal with a country that is not us. Following up on trade liberalization pacts with Canada and China, Colombian trade minister, Luis Guillermo Plata signed a deal with the four members of the … More

    Prospects of Military Reform in Russia Are Bleak

    MOSCOW — The drastic military reform plans articulated by Defense Minister Anatoly Serdyukov in mid-October are meeting with a sweeping opposition in the armed forces. The planned cuts among officers more than twofold — from 315,000 to 150,000 — are a matter of grave concern among mid-ranking officers that are … More

    Americans Already Suffering from the Left's Protectionism

    Throughout the presidential campaign Barak Obama apologists like Fareed Zakaria hoped that Obama was just lying to the American people about his protectionist stances on trade, and that if elected Obama would prove to be every bit the free trader that Presidents Bill Clinton and George Bush have been. We … More

    How the U.S. Should React to Chinese Price-Fixing Case

    Today’s Wall Street Journal has a story about China’s defense of price fixing with potentially vital implications for American trade policy. A group of PRC vitamin-makers admit illegal price fixing in the United States, but claim they are immune to prosecution because China’s Ministry of Commerce made them do it, … More