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...Actually, they could profit from the crisis. State capitalists already are picking through the carcasses of the West. The West's breakdowns could also mean that many large private investors, needing to find other opportunities, may reinvest capital in markets like China's, which has witnessed a slowdown in inflows in recent months...
...They built their house on the beach," says Tim Morris, an analyst with stockbroker WiseOwl.com. "Now that the storms have come, they can't help but watch their house subside into the ocean." And Macquarie? More diverse sources of revenue mean "it's better built to weather the storm," Morris says. But the borrow-to-buy infrastructure model "is dead in the water...
...have a cocktail” in order to draw more honest questions. Khanna’s talk largely focused on the content of his book, which he introduced by saying, “The word ‘entrepreneurs’ in the title doesn’t mean Harvard Business School graduates.” Instead, he defined the term as “someone who does more than what anyone thought possible, with less than anyone thought possible.” He touched on specific examples of economic initiative in both China and India, noting the limitations...
...grow its production because the government has used all the money for clientelist programs, rather than securing future investment. Unsurprisingly, less than two years after Chavez’s oil nationalizations, no sound international investor is eager to pour money into Venezuela. And in an election year, this may mean the beginning of the end for “twenty-first century socialism...
...promised a humble foreign policy. He just had no idea what was coming. F.D.R. probably was lying when he promised the anxious parents of 1940 that "your boys are not going to be sent into any foreign wars." Always be sincere, Harry Truman said, even if you don't mean it. The presidency is less an office than a performance: Who saw the gloom and glower behind Eisenhower's incandescent grin? This is why temperament descends easily into caricature: the feisty Give-'Em-Hell Harry, the cool-as-crystal Kennedy, the Vesuvian Lyndon Johnson. "We've taken temperament and turned...