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    The Clean Energy Future Looks Dim for Light Bulb Workers

    The Energy Independence and Security Act (EISA) of 2007 set lighting requirements that, in essence, outlaw the familiar incandescent light bulb. The impact of lighting mandates on energy security is minuscule, since electricity comes almost entirely from secure domestic sources, such as coal. (Petroleum generates about 1 percent of domestic … More

    The Sky (Still) Isn’t Falling

    In the 1980s and 1990s, Chicken Littles warned that Japan was buying up America. The biggest symbol that our country couldn’t keep up with Japan’s managed-trade policies was the 1989 purchase of New York’s Rockefeller Center by Mitsubishi. Even though the sky didn’t fall, protectionist Chicken Littles are at it … More

    Discovering China’s State-Led Economy, Years Late

    The front page of The New York Times yesterday featured a very long story on the state displacing the market within the Chinese economy. Hats off to the Times for getting it right, but they’re late. Very late. In fall 2002, a new Chinese government, led by current President Hu … More

    Morning Bell: Getting Our China Priorities Straight

    Last week, the establishment media played up reports that China surpassed Japan as the world’s second largest economy as measured by gross domestic product (GDP). Contrary to the amount of attention it received, the development is not as important as it was made to sound. First of all, if the … More

    China Hiding Treasury Purchases

    China’s reported holdings of U.S. Treasury bonds fell sharply again in June and are now almost $100 billion lower than they were in July 2009. The press reports this as meaningful and important. It isn’t. You may have noticed that American interest rates are not soaring; in fact, they’re at … More

    China’s Military Is Playing for Keeps: Will the U.S. Remain a Contender?

    After a very protracted gestation and calls from Congress for its release, DOD today finally unveiled the latest report on China’s military capabilities, as called for under the FY 2000 National Defense Authorization Act. What is surprising in this report of some 83 pages is how little of its content … More

    China Passes Japan, Not As Important As It Seems

    After months of speculation, it’s finally official: the Chinese economy, as measured by GDP, is larger than the Japanese economy. In the second quarter of 2010, the Japanese economy was valued at about $1.29 trillion, the Chinese economy at $1.34 trillion. The gap will widen next year and for the … More

    Chinese Military Exercises Remind U.S of Need to Be Ready for High-Intensity Conflict

    Earlier this  week, the Chinese People’s Liberation Army (PLA) this week inaugurated “Vanguard-2010,” a series of air defense exercises involving a variety of units from the PLA Air Force (PLAAF), but also the PLA Navy (PLAN). The exercises, as described in the Chinese press, will include fighter bombers, strike aircraft, … More

    Chinese Investment: Danger or Opportunity?

    Growing Chinese investment around the world is a major international economic development. In the U.S., the story is how limited Chinese investment is beyond government bonds. Limitations on Chinese investment in the U.S. are not imposed by the PRC. Other than bonds, the PRC invests primarily in natural resources, and … More

    To START or Not To START? Should It Even Be a Question?

    In an interview with National Journal (subscription necessary) Senator Richard Lugar (R–IN), responds to a series of objections to the new START Treaty and outlines why he believes ratification is necessary. Sen. Lugar addresses the question of tactical nuclear weapons, yet gives a less than satisfactory response. He states, “A … More