Economy

America, land of the (not-so) free, home of the (very) brave

US - ABC

In 2011, I made the decision to cut short my brief stint working in America and return to Australia. Freya Petersen ABC The catalyst was the birth of my first son, and my desire that he experience the same safe, sedate and relatively remote Australian childhood I enjoyed. The decision to… America, land of the… Read More »

Trump shares Obama’s myopia in doing business with China

Trump - Asia Times

The TPP withdrawal suggests that Mr Trump is preparing – wittingly or otherwise – to cede to China leadership of trade matters within the Asia region Anthony Rowley Asia Times US President Donald Trump and his predecessor Barack Obama seem to share a common myopia when it comes to seeing the consequences of their actions with regard to trade and business with China. We saw this a… Trump shares Obama’s… Read More »

Trump’s trade advis​​er says Germany uses euro to ‘exploit’ US and EU

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Peter Navarro, head of new National Trade Council, claims currency is ‘grossly undervalued’, sending it to eight-week… Nick Fletcher The Guardian Donald Trump’s top trade adviser has hit out at Germany and accused the country of gaining an unfair trade advantage from the… In a sign that the… Trump’s trade advis​​er… Read More »

Obama Proclaims He “Saved the U.S. Economy.” That’s Demonstrably Untrue.

Obama - The Daily Caller

In search of any plausible, positive legacy item, even if they have to manufacture it, Democrats have advanced the false narrative that Obama “saved the economy.” Ron Hart The Daily Caller It would  be a neat thing if it were true. Let me parse out… Obama Proclaims He… Read More »

Trump bans, Iran profits

An Iranian woman looks at a mural drawing of spearmen bearing the faces of (From L to R): Iraq's late president Saddam Hussein, United Nations Secretary General Ban Ki-moon, a masked man, US President Barack Obama, Israeli Prime Minister Benjamin Netanyahu and German Chancellor Angela Merkel on a street in the Iranian capital Tehran on July 30, 2014. Iran's supreme leader Ayatollah Ali Khamenei urged the Islamic world on July 29, 2014 to arm Palestinians to allow them to counter what he called Israel's "genocide" in the Gaza Strip. AFP PHOTO/BEHROUZ MEHRI        (Photo credit should read BEHROUZ MEHRI/AFP/Getty Images)

The US president wants to keep his country safe, but he’s strengthening Tehran and ISIL. David Patrikarakos Politico President Donald Trump’s executive order banning people from seven Muslim-majority countries from entering the U.S. was intended to safeguard Americans from terrorism. Instead, it is likely to… Trump bans, Iran… Read More »

German Pride Shifts to Angst in Role as Europe’s Reflator

GER - Bloomberg

Germany is feeling cursed by its own economic strength. Carolynn Look Bloomberg For eight years, the nation of 83 million people has been the euro area’s growth driver. Now it’s at the forefront of… German Pride Shifts to… Read More »

The Environmental Left and Keystone XL

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Why, on every measure, Keystone XL opponents’ arguments don’t hold up… Benjamin Zycher The National Interest Everything old is new again, the latest manifestation of which is the reaction of the environmental Left to the news that President Donald Trump has issued presidential memoranda and an… The Environmental Left… Read More »

‘Australia first’ is opportunism – and politicians should be careful where it leads

Aus - The Guardian

Scott Morrison’s echoing of Trump may have been an attempt to keep populism at bay but there is a clear danger in this type of rhetoric Jason Wilson The Guardian Donald Trump’s “America first” inaugural speech found strange echoes in Australia this week. After the newly sworn-in… ‘Australia first’ is opportunism… Read More »

China as the leader of the global liberal order?

Asia Times

Just under a year ago, the prospect that the United States would turn into the fierce critic of the current economic and political order while China could become its ardent advocate was almost inconceivable. Xuan Loc Doan Asia Times But, in a new era of world politics, wherein what is normal becomes abnormal and vice versa, such an unreal reversal of roles is now in the offing. For over the last seven… China as the leader of… Read More »

Whispers of ‘Grexit’ start again

Grexit - Politico

With Athens, EU creditors, and the IMF deadlocked on the bailout talks, some fear a renewed crisis. Simon Marks Politico ATHENS — Two years ago, Alexis Tsipras, the then 40-year-old leader of Greece’s Syriza party, swept to victory in snap elections claiming an end to the “vicious cycle of austerity” and years of “humiliation and suffering.” Now a veteran prime minister… Whispers of ‘Grexit’ start… Read More »

Euro ‘could fail’, says man tipped as US ambassador to EU

US Ambassador - BBC

The man tipped to be Donald Trump’s ambassador to the European Union has told the BBC the single currency “could collapse” in the next 18 months. Kamal Ahmed BBC News Professor Ted Malloch said he would “short the euro” – taking a market position which bets on the value of the currency falling. He also said Britain could… Euro ‘could fail’, says man… Read More »

Why Asia shouldn’t mourn the death of the TPP (yet)

TPP - Asia Times

TPP was never about trade for Washington Harry J. Kazianis Asia Times You can already hear it starting. The cries and eulogies of… Why Asia shouldn’t mourn the… Read More »

Europe needs refashioning to address its anger and fears

Starbucks coffe 1a LLLL

Britain’s departure is an ideal chance for remaining states to rewrite the rules on taxation and… Lodewijk Asscher The Guardian With the rightwing and populist tide that seemingly holds Europe in its grip, scapegoat politics is gaining the upper… I share the passion of my progressive colleagues to provide a strong, social and… Europe needs refashioning… Read More »

Sewage leak closing Tasmanian oyster farms, deterring swimmers

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A sewage leak, which has closed some Tasmanian oyster farms, will cost jobs and hurt the economy in the St Helen’s region, the mayor has… Georgie Burgess ABC Heavy rainfall on Friday caused a TasWater pump station to overflow and leak raw sewage into Georges Bay on the state’s east… Sewage leak closing… Read More »

Perspective for ‘Turkish Stream’ Project: Possible Scenarios and Challenges

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Following the cancellation of South Stream, Russia announced its plans to reroute the pipeline to Turkey, instead of… Ilgar Gurbanov * Natural Gas World The new pipeline was dubbed “Turkish Stream”, with same capacity of South Stream, but less vulnerable to EU competition… “Turkish Stream” has also experienced… Perspective for ‘Turkish… Read More »

Hahn and Kurz praise Serbia and Vucic

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The Western Balkans countries should look up to Serbia which has achieved good economic performance, European Union’s enlargement commissioner Johannes Hahn said today after meeting prime minister Aleksandar Vucic on the… Milos Mitrovic Independent Balkan News Agency Hahn said that he and Vucic have discussed situation in the… Hahn and Kurz… Read More »