Word: trade
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Dates: during 2000-2009
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That may sound promising, but the truth is, drumming up new jobs on short notice isn't exactly in the government's wheelhouse. In the long term, what the government does and doesn't do is incredibly important to the health of the labor market. Trade policy, corporate tax rates, the structure of health care - these things all have a real impact on economic growth. But Washington's tool kit doesn't work nearly as well in the short run. Right now companies aren't hiring for a very specific reason: there's not as much demand for their products...
...Rickshaw is located also has a clothing shop, a variety store, a gaming bar and another eatery, all run by Chinese. When I ask about visas, he laughs and says immigration issues are not a problem in Papua New Guinea. "The locals don't know how to do trade, and the government knows that," says Liu. "If locals get money, they spend it immediately on liquor. The Chinese don't come here to enjoy life. We only come to make money...
...next month, riots against Chinese traders broke out in the Algerian capital Algiers, where residents accused the foreigners of failing to respect Islam. Last year, nine Chinese oil workers living near the Darfur area of Sudan were kidnapped by an unknown group. Five were later killed. An international trade embargo because of the unfolding genocide in Darfur may have kept most other foreign investors out of Sudan, but China consumes more than 60% of Sudanese oil. For a government keen on keeping economics and politics separate, Beijing is finding that the two have a nasty habit of intertwining. China...
...There are also differences over how to deal with Iran's nuclear program. Although Turkish diplomats insist that Ankara is opposed to any development of nuclear weapons in neighboring Iran, Erdogan has in recent months strengthened diplomatic and trade ties with Tehran, which is a key gas supplier to Turkey. The Turks abstained last month in a U.N. vote condemning Iran's nuclear activities, despite China and Russia's support for it. Erdogan has also criticized Western leaders for turning a blind eye to Israel, widely seen as the Middle East's only nuclear power - albeit an undeclared one. Turkey...
...decades-old bid to become part of the European Union, an ambition that Erdogan's Islamic-rooted government appears to have placed on the back burner. The Prime Minister and his ministers have racked up dozens of visits to the Middle East and gulf this year, shoring up trade deals and political ties. They have visited Brussels many fewer times. In part, this is Europe's fault. Germany's Angela Merkel and France's Nicholas Sarkozy have made little secret of their distaste for Turkey's eventual membership. "The U.S. must ... convince Erdogan that explicitly resurrecting the E.U. goal...