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...lack of better alternatives. Andrew Barber, Asia strategist at Research Edge, a New Haven, Conn., investment-research firm, estimates that up to 30% of new bank lending this year has wound its way into equities. Why isn't the money going into new businesses? The evidence suggests that in key parts of the economy growth remains anemic, particularly the important export-manufacturing sector, which continues to suffer from the reduction in global demand. According to a report from Fitch Ratings in the U.S., Chinese lending continues to accelerate even though corporate profits overall are shrinking - suggesting that China...
...falling into bouts of my-policy-is-tougher-than-yours posturing. The Conservative Party also raised eyebrows with its choice of allies in the European Parliament: a new right-wing grouping chaired by Polish MEP Michal Kaminski, a former member of two hard-right parties. But Pickles says the key to winning the argument against extremism is to take it back to grassroots. "The only way to deal with [the far right] is by local politicians championing their neighborhoods and being very proud that they represent their electors," he says. (Read: "David Cameron: UK's Next Leader...
...key players in health care reform...
Once again, a TIME article has fallen into the trap of depicting Israeli settlements as the main obstacle to peace in the Middle East [July 27]. The key problem continues to be the unwillingness of the Palestinian leadership and most Arab states in the region to accept Israel as a Jewish state. This is a much more fundamental issue than whether someone in Efrat or Ma'aleh Adumim can build an addition onto their house. Henry Goldberg, CHICAGO...
...though oil revenue seems to be the key issue to address in Equatorial Guinea, it is really only a corollary to the true problem of weak democratic institutions. If the people of this country truly had the power of a voice through their votes, it would be much easier indeed for them to dictate how oil money should be spent. As such, there should be a strong push on both fronts—oil revenue transparency and building a real democracy—to bring the resources these citizens truly need to them as quickly as possible...