Word: constructionism
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The speed and relative success so far of China's stimulus stands in stark contrast with that of the U.S. According to a recent study by the World Bank, Beijing's government spending will generate more than 80% of the country's overall economic growth this year. This is partly...
China's overall economic vigor may continue to impress, but there are questions surrounding the quality of its performance. The People's Bank of China, the central bank, is giving great gobs of money to state-owned banks that, with Beijing's forceful encouragement, are lending to state-owned companies...
3 | Johannesburg A Short Honeymoon for Zuma After a rousing May vote that saw scandal-plagued African National Congress leader Jacob Zuma elected President on a populist ticket, his charmed leadership has hit the rocks. With nearly 250,000 jobs eliminated in recent months, labor unions have taken to the...
The “joint-family home,” often comprising three generations’ worth of fathers, sons, brothers, male cousins, and respective wives and families, is now a fading heirloom of India, as speculative real estate investments and construction booms have led more and more families to...
The success of Clinton's mission does more than resolve one difficult problem (among many) between the U.S. and North Korea. It also reminds his hosts that there used to be better days between the two countries. In 1994, during Clinton's first term in office, the two sides entered...