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...weaklings. A stock sector known as "consumer discretionary," which includes everything from automakers to fast-food retailers, is enjoying a more bullish earnings outlook too, thanks - you guessed it - to the dropping of GM stock, which had been a load of lead on the sector's profitability. As a result of offloading GM, earnings for the group are expected to rise...
...Foiled Again" [June 22]: I don't know if I am disappointed at the failure of the proposed deal or the hidden political criticism of China. But I do bet the political tension will never ease when it comes to China. The essay is right to question whether the result would have been different if the deal was proposed by a private company in the West. I believe the root of the problem lies in the differences between capitalism and communism. I have spent 30 years of my life living on both sides, and I honestly believe that we build...
...troubled region. The Uighurs, who are Muslim and of Turkic origin, are the single largest ethnic group. But over the years, their culture has undergone a whittling away, amid a steady influx of Han Chinese, who now dominate the local economy. Today, about 70% of Urumqi is Han. The result: resentment and unrest. The past decade has seen a string of bombings by suspected Uighur separatists - the U.S. has classified one organization, the East Turkestan Islamic Movement, as a terrorist one - and stern crackdowns by the Chinese authorities. Around last year's Beijing Olympics, an attack in the historic Xinjiang...
Uighurs, who are Muslim and of Turkic origin, are the single largest ethnic group in Xinjiang. But over the years, their culture has been threatened by a steady influx of Han Chinese. The result: resentment and unrest. The past decade has seen bombings by suspected Uighur separatists and crackdowns by the Chinese authorities. At the time of last year's Beijing Olympics, an attack in the Xinjiang town of Kashgar killed 17 Chinese police officers. But the region's most serious outbreak of violence took place in its capital, Urumqi, over three days beginning July 5, when rioting left...
...think for a moment that McNamara started the Vietnam War. That was mainly the result of how U.S. leaders in the aftermath of World War II perceived the communist threat and thought about foreign policy. By the time McNamara got to Washington in 1961, the Cold War was blossoming, and along with it, the domino theory. That theory, rooted in the run-up to World War II, held that it would be dangerous folly to let an aggressor snatch away little countries, be emboldened and then make world war. The aggressor had to be stopped wherever he was making...