Economy

Why the BRICS Summit Won’t Accomplish Anything

Yep, just what the world needs—another international summit. On Thursday, leaders of Brazil, Russia, India, China and South Africa convened under the palm trees of China’s Hainan Island for the third BRICS summit. The acronym was coined back in 2001 by an economist at Goldman Sachs to describe the bright emerging economies of Brazil, …

Japan and the Quake: A Long History of Living with Disaster

The tremors of Japan’s monstrous March 11 earthquake are still being felt as state officials and rescue workers come to grips with the rising body count, a scare over a damaged nuclear plant and the prospect of more aftershocks. Concerns also deepen over the health of the Japanese economy, which has been in the doldrums for years. The …

How America Overestimates China’s Rise

Here are my quick two cents from a trip back to the U.S. from China. Two years ago when I was last here, I felt like the smart, educated people I talked to underestimated China’s rise. Yes, the Olympics had shown the world that Beijing was a big city full of modern buildings and amazingly talented athletes. But there was still this …

Asia Braces for Spike in Suicides

Here‘s our piece on suicide in Asia in the wake of the current global economic crisis. A new study  examines the dramatic jump in suicides following the Asian financial crisis a decade ago. Compared to 1997, suicide rates among men in 1998 rose by 44% in Hong Kong, 39% in Japan and 45% in South Korea. Governments need to come up with …
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