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...Nevertheless, just around the corner from the school is a Protestant church, as well as a Starbucks and a Dunkin' Donuts. For all its recent conservative leanings, Indonesia is hardly in danger of turning into a theocratic state, and the nation's pluralistic underpinnings are something Obama will doubtless celebrate during his visit. Predictably, some hard-line Islamic groups have already gathered across the nation to thrust their fists in the air and chant anti-American slogans. But their numbers, so far, have been limited. What reigns in Indonesia, instead, is waning optimism for Obama's efforts to re-engage...
...deal and they don't worry about the sanctity of contracts or other legal niceties." The creation of an Asian trade alliance could place American big business at a disadvantage. Though U.S. companies have historically invested far more in ASEAN than China, the pace of investment has slowed in recent years as the U.S. is squeezed by Asian competition. (See pictures of Obama's diplomacy...
...Obama's trip is meant to reassert American influence in the region, the President will also be mindful of Beijing's mood. China was one of the few nations where Bush was genuinely popular, and Obama has had a tough time matching his predecessor's success. In recent weeks China has attacked Obama for approving arms sales to Taiwan, which China considers a renegade province, and meeting with the Dalai Lama, whom Beijing accuses of masterminding a secessionist movement in Tibet. "The responsibility for the serious disruption in U.S.-China ties does not lie with China but with...
...enduring influence on any new administration. Smaller parties will flex their muscles if there's a hung Parliament. This raises the specter of political instability, gridlock and even a second general election within the year. Such an outcome could only exacerbate the economic turbulence that has contributed to the recent roller-coaster ride of the British pound. After a recent poll showed Labour and Conservatives running neck and neck, the pound plunged 2% against the dollar in a few hours. Britain clings to a nostalgic sense of its place in the world as a top-tier global economic power...
...hard to remember now, but Labour rose to power in 1997 on a wave of optimism, even idealism. "A new dawn has broken, has it not?" said the fresh-faced Prime Minister Tony Blair, greeting the sunrise of his victory. Now 73% of Britons distrust politicians, according to a recent report by the Hansard Society. For many, the last straw was the revelation last year that MPs from all parties had taken advantage of a loose expenses regimen to subsidize their pay, some of them charging taxpayers for such essentials as moat cleaning, duck houses and sparkly toilet seats. Charisse...