So proclaims the provocative headline of commentary from the official Xinhua news agency that spread widely on major Chinese news sites on Thursday (in Chinese) and has since become the subject of much teeth-gnashing on Chinese social media sites.
The essay, which warns that China faces poverty and misery [...]
Chinese government-backed hackers have cost the United States nearly $2 trillion in “lost and stolen property” that was seized through illicit Internet attacks, Rep. Mike Rogers (R., Mich.), chairman of the House Permanent Select Committee on Intelligence, said Monday.
The theft of proprietary information and technology by the Chinese constitutes “the largest transfer of wealth [...]
Europe’s debt-crisis strategy is near collapse. The long-awaited recovery has failed to take wing. Debt ratios across southern Europe are rising at an accelerating pace. Political consent for extreme austerity is breaking down in almost every EMU crisis state. And now the US Federal Reserve has inflicted a full-blown credit shock for good measure.
2– Another bad omen: collapsing silver prices
Unfortunately, it’s not as if, lately, equity markets have been the only place to lose money. Indeed, as every gold bug has rediscovered in recent months, precious metals have again proven that they are anything but a safe-haven. Still, drops of 30% or more in silver prices do [...]
The Egyptian army has only one card left to play. Western journalists and other true believers in the promise of the Arab Spring may be shocked by the suggestion that Egypt may be headed to war with Israel in the not-too-distant future. But as the country implodes, war [...]
The potential uprising in Egypt follows civil wars that have raged in Syria, Sudan, Iraq and Libya. Analysts are concerned that a civil war in Egypt could fuel more civil conflicts in these countries, bringing about considerable chaos throughout the entire region.
“Civil wars in Tunisia, Algeria, Lebanon and Jordan might not be far behind,” [...]
On Sunday, Egypt’s President Mohamed Morsi will complete his first year in office. Instead of being an occasion to celebrate – he is the first elected president – many fear the anniversary will mark the beginning of the collapse of Egypt’s political system.
The opposition has called for [...]
Goldman contends that Egypt’s unfixable economy will inexorably turn it into a failed state. Notwithstanding the existence of an educated, urbanized, and sophisticated class, Egypt remains an essentially pre-modern society with a 45% literacy rate and a dysfunctional higher education system unable to produce a competent labor pool to meet the demands of a globalized [...]
U.S. F-16 combat aircraft and Patriot missile defense batteries sent to Jordan on a military exercise may remain in the country longer amid growing U.S. concerns that the pro-Western country could collapse.
Secretary of State John Kerry said yesterday that neighboring Syria is at risk of “complete and total implosion,” and three U.S. officials said [...]