During its more than 100 years as one of China’s premier academic institutions, Shanghai’s Jiao Tong University has produced some notable alumni, ranging from former Chinese President Jiang Zemin to Qian Xuesen, an architect of China’s missile and space programs. Now, an even more famous student has joined the college’s …
Business
France’s New Austerity Measures: Is It Too Late to Put Out the Fire?
French Prime Minister François Fillon unveiled another batch of debt-reduction measures Monday—and in so doing officially removed the word “austerity” from the blacklist of political correctness to which it had been banished. Instead Fillon rehabilitated the term as the weapon capable of preventing contagion of the euro zone …
At Cannes G20 Summit, Europe’s Currency and Leadership Pushed to the Brink
They may be clichés, but the phrases “life isn’t always fair”, and “things don’t necessarily work out the way you’d like” are cruel realities that French President Nicolas Sarkozy has to be ruefully mulling over just now. Rather than basking in the sunlight of a France-presided G20 summit meant to usher in major …
Human Rights Watch Reports Abuses in Chinese-Run Mines in Zambia
New York-based Human Rights Watch issued a 122-page report detailing the “abusive conditions” and lax safety standards of Chinese-run mines operating in the southern African nation of Zambia. Titled “You’ll Be Fired if You Refuse,” the report is one of the more targeted recent critiques of the effect of Beijing’s growing influence …
Why Protest-Happy France Has Snubbed The Occupy Movement (For Now)
An excellent story by Reuters just went up today describing why it is a people known to be as siege-prone, strike-happy, and demonstration-loving as the French have not followed Greek, Spanish, American, British, Indian, and other protestors staging relatively successful Occupy movements these days. The piece notes how that docility …
Greek Referendum Threatens EU Debt Accord Ahead Of Crucial G20 Summit
As predicted, the relief and relative calm produced by the Oct. 27 agreement between European Union leaders battling the tightening euro zone debt crisis didn’t last long. Markets just aren’t ready to do with the fruits of optimism when there’s still so much to be made from low-hanging pessimism. Less expected, however, were …
Sarkozy Uses Europe’s Debt Crisis To Signal Re-Election Bid
Given the enormous stakes involved in it, one would have thought the big news Thursday was the accord hammered out earlier in the day by European Union leaders to deal with the euro zone’s monstrous debt crisis. One would have thought so, but one was wrong.
The real news Thursday was French President Nicolas Sarkozy revealing …
EU Debt Deal: Déjà Vu All Over Again?
Let’s be fair: the 4 AM announcement Thursday by European Union leaders of a new and urgently needed package of measures to confront the euro zone debt crisis is a significant break-through that may eventually represent the corner being turned in the seemingly endless drama. And because the accord pledges massive sums of money to …
Could an Ultimatum from Nicolas Sarkozy Resolve the European Debt Crisis?
The European debt crisis has reached its chiche moment—or what should be its chiche moment. That’s chiche, the French for “I dare you”, “I’m calling your bluff”, or even “make my day”—something often used in situations that somehow seem too formidable or fearsome to simply give in to without an audacious (albeit …
Recommended Reading: BBC’s Hewitt On The Sarko-Hollande Battle
For anyone who hasn’t done so yet, I suggest having a read of a very well-focused and evenly-argued story by Gavin Hewitt, Europe editor for BBC News, on the opportunities and challenges for power-seeking European leftist parties at the very moment when French Socialist candidate François Hollande looks like a decent bet to unseat …
Russia’s Putin Visits Beijing: Friendly Neighbors or Strategic Competitors?
Regular readers of stories from China’s state-run Xinhua News Agency know that relations between China and nearly every country whose leader visits Beijing merit a positive appraisal. “Malawi treasures its friendship with China and is grateful for China’s selfless support for Malawi’s national development,” gushed one …
China Mourns Steve Jobs. But Can It Produce Its Own Tech Visionary?
Less than a decade ago, I was going through airport security in southwestern China. The airport guy took a look at my laptop and began to chuckle. “Pingguo,” he said, pointing to the bitten fruit on the cover, “Apple.” What was my computer doing emblazoned with a healthy snack? What would these crazy foreigners think of …
On Either Side of the Atlantic, Protesters Find Power in Vagueness
Their dilemma isn’t new, isn’t easy, and may eventually require tough choices that will impact the very existence of their movement: How can the growing ranks of the motley anti-Wall Street protest prod an entire system to change when most of the U.S.’s economic establishment, political class, and a significant portion of its …