But four months later, China’s resolve to avoid a showdown over trade with the West appears to have weakened as the country struggles to keep its manufacturing sector growing during recession. Instead, China, the U.S. and the European Union may be sliding toward the kind of tit-for-tat trade battle that economists warn could impede commerce [...]
With China one of the few economies that’s showing an economic pulse, a lot of the cash that’s been sitting on the sidelines is piling into almost anything Chinese, driving stocks to lofty valuations. Bawang’s IPO, for example, which begins trading July 3, is expected to be priced at more than 20 times the earnings [...]
Following nearly seven years of adamant denials, North Korea announced it can enrich uranium — a simpler method of building nuclear weapons than reprocessing plutonium. Uranium can be enriched in relatively inconspicuous factories that can better evade spy-satellite detection, and uranium bombs may work without test explosions.
At this rate, your share of the load will be $155000 in a decade. How chronic deficits are putting the country on a path to fiscal collapse.
In 33 minutes or less, life as we know it in America could end. That’s how long it would take for an enemy ballistic missile launched from the other side of the world to hit the United States. If it carried and detonated a nuclear weapon high over the center of the country, the electromagnetic [...]
Proponents of a plan to rid the world of nuclear weapons proposed yesterday that Russia and the United States agree to an interim step in which they each cut their arsenals to 1,000 strategic warheads by 2018 (see GSN, June 29).
Mines are perhaps the most attractive weapons available to prevent U.S. naval forces from achieving sea control and power projection ashore. They’re cheap, easy to get, easy to deploy, come in a variety of forms and have a potent impact on joint expeditionary warfare. …And neutralizing mines by hand is not a job for the [...]
Food shortages returned last year, while aid and investment from neighbors such as South Korea and Japan have dwindled. How bad the situation may be is hard to assess since North Korea doesn’t reveal significant economic data. Estimates from South Korea’s central bank, released on Monday, suggest that North Korea’s gross domestic product recovered in [...]
HSBC Holdings Plc Chairman Stephen Green said that the world financial and economic crisis is “far from over” two years after it began.
“We are almost two years into a financial and economic crisis which is far from over,” Green told a conference in London today. “We cannot even say we are past the worst.” [...]
Washington and Wall Street seem to be treating California as if it were a sideshow in the financial circus of these turbulent times.
California is home to the largest manufacturing belt in the United States and to Silicon Valley, the nation’s largest high-tech center.
California is America’s most populous state with [...]