“Without this agreement, competitors that don’t share our values, like China, will write the rules of the global economy,” Obama said about the TPP last year [Xinhua]Though all negotiating members have signed the TPP, it will need to be ratified by each member country, which could take a couple of years because their legislatures will minutely scrutinize it before doing so.
It was like a scene from the film Titanic – the great and the good looked concerned and talked earnestly about impending doom over canapés while cosseted in the luxury and wealth to which they’ve become accustomed.
Elsewhere, out of sight, the poorest were locked away in the bowels of the disintegrating wreck, suffering and dying, almost forgotten as the rich searched for a lifeboat to rescue them from their responsibilities.
It was like a scene from the film Titanic – the great and the good looked concerned and talked earnestly about impending doom over canapés while cosseted in the luxury and wealth to which they’ve become accustomed.
Elsewhere, out of sight, the poorest were locked away in the bowels of the disintegrating wreck, suffering and dying, almost forgotten as the rich searched for a lifeboat to rescue them from their responsibilities.
According to official Chinese data, the South China Sea covers 3.55 million square km [Xinhua]The idea that the US may send military aircraft and ships to assert freedom of navigation around Chinese claimed islands in the South China Sea is seriously bad. It’s bad because it would involve an unreasonably assertive interpretation of the international law of the sea, and because it shows such little regard for the impact of such action on regional stability.
There is good reason to believe that China’s economic slump may be heading for the United States. Economic growth remains anemic in most of the developed world, and data from key economic sectors like manufacturing and transportation forecast upcoming trouble in the U.S. market. It should come as little surprise that economic stress is rising after China’s mid-2015 market crash. China and other emerging markets accounted for the vast majority of global economic growth in the wake of the 2008 crisis. However, a look at history suggests that both the U.S.
