Following American presidential elections intelligently is a tricky thing to do. No spectacle anywhere in the world gets as much attention as the world’s longest and most grueling marathon. After all, the US president is the most powerful office holder in the world, commander in chief of the greatest military forces ever assembled, and the […]

Over the past few decades, rising countries in Asia have looked to American and European systems of social services as something more or less to aspire to. But as both the U.S. and European safety nets fray under staggering budget deficits, unfulfilled promises to public-sector workers, and unsustainable healthcare costs, countries like China and India are realizing […]

Young people around the world will be feeling the effects of the euro crisis for years to come, warns a new report by the International Labour Organization (h/t BBC News): As the euro area crisis continues in its second year, the impacts are spreading further, slowing down economies from East Asia to Latin America. Other […]

Obama’s speech at the Democratic National Convention, while playing a bit better than Romney’s a week before in Tampa, was viewed by far fewer people than his corresponding speech four years ago: The Nielsen company said 35.7 million people watched the final night of the Democratic convention on Thursday between 10 and 11 p.m. Eastern time. […]

The EU may be divided on a number of issues, but it is standing strong on one: the unacceptable behavior of Russian gas giant Gazprom. Earlier this week, the European Commission opened an investigation into the company, claiming that it has been using its near-monopoly position to strong-arm Eastern European energy markets. The Financial Times reports: […]

The greenback is, and will remain, the world’s reserve currency of choice for a long time to come, according to the Financial Times. As David Pilling argues, China’s attempts to internationalize its redback, the renminbi, to compete with the dollar won’t go far. Although Beijing is currently using Hong Kong and Taiwan to experiment with […]

Something is rotten in the Chinese province of Henan, where hundreds are protesting for HIV/AIDS treatment after contracting the disease about a decade ago through a government-backed blood selling scheme. (Tens of thousands in the province found themselves with HIV after donating blood for the project, while others were later infected through blood transfusions at […]

It’s not exactly earth-shaking news that there’s a lot of waste in the U.S. health care system, but this item we came across still managed to stagger us: A report by the Institute of Medicine estimates that as much as $750 billion is wasted in the U.S. health care system each year. Three quarters of […]

As Turkey assumes a leadership role in the Middle East, it’s finding out that the job is no bed of roses. Ankara’s once popular “zero problems with neighbors” theme is history. In its place, as Foreign Minister Ahmet Davutoglu recently announced in Parliament, is the idea that Turkey will be the “the master, servant, and leader” of […]

“The U.S. met 83 percent of its energy demand from domestic sources in the first five months of this year and is heading for the highest annual level since 1991,” reports Bloomberg.83 percent! This is important news. The U.S. is moving quickly toward energy independence as new sources of oil and gas and new extraction […]