Chasing China Up The Food Chain

The other day I was looking for a pair of gym shorts in Guangzhou and stopped at a sporting goods store.  I found some — with a label proudly advertising “Made in Thailand.”The Chinese are the latest to feel the effects of wage competition, and both government officials and ordinary people are worried that Chinese […]

What Can't Kill You in Australia?

Australia’s perilously long list of things that will try to kill you just got longer. The deadly garden slug (A.K.A. the common garden slug) is the latest addition to the lineup, joining the ranks of the jellyfish, hermit crabs, gimpie gimpie plant, platypus, cane toads, snakes, sharks, spiders, crocs, that one Steve Irwin stingray and […]

Settled Science: Climate Change Acquitted in Early Extinctions?

The image of the peaceful native Americans living harmoniously with nature has had a hold on the western imagination for hundreds of years.  The trouble is, it’s wrong.New analysis of a 13,000 year old mastodon bone and the arrowhead stuck in it appears to prove that the first human inhabitants of North America were not […]

Blue Death Spiral In New York

A familiar national battle is heating up in New York state: the debate over tax levels on the wealthy. Like many blue states, New York is a model of income inequality and it has both large numbers of millionaires and billionaires and large, hungry public employee unions.Despite opposition from Governor Cuomo, various interest groups and […]

China Struggles to Assist the Young Generation

A story in the FT on an interesting currency fad in China’s property market touches on a much more important subject towards the end of the article: China’s young professionals and their struggle to afford a home. Soaring property prices, along with food inflation, have soured the mood of China’s young and previously politically disinterested […]

Europe Shoots the Messenger

Europe has spent the better part of two years grappling with a slow-motion debt crisis, and has had alarmingly little success in doing so. Could the problem be the ineptitude and shortsightedness of continental leadership? Of course not — it must be the fault of the evil rating agencies. The FT reports: Under one of […]

Excellent News, Smithers: Gas!

Is Mozambique the next North Dakota?  According to the WSJ, the Italy’s energy giant Eni SpA just made a big find: The company’s first well in a deepwater exploration campaign has found about 15 trillion cubic feet of gas, according to people briefed on the discovery. They said the gas reservoir is of very high […]

The War Against the Young: Student Loan Total To Hit $1 Trillion

The news that Americans now owe more student loan debt than they do on their credit cards is good news from one point of view: better spend money you don’t have on education than on fancy dinners and trips to Las Vegas.  A country that responds to recession and bad times by studying harder and […]

Morning News

Democracy and business, India style.Mongolia: A very juicy filling in the sandwich between China and Russia, which might lead to commercial issues (like new export routes) and social problems (migrant Chinese workers routinely get beat up on the streets of Ulaanbaatar, and the police aren’t too interested in protecting them).A Pakistani woman told Hilary Clinton at a […]

Australia to World: Stop Herding Cats

Despite the bad press it’s getting lately, free trade is a core Anglosphere value and one of the building blocks of a prosperous world order.  In the last twenty years, globaloney swallowing trademeisters have steered the world system into a dead end, and the stalemated Doha Round of trade talks is one consequence.  (The increasing […]

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