Both U.S. and Chinese leaders play down the prospects of a new Cold War, but they never sound convincing. Vast shifts in the world economy are driving a new rivalry, for which a series of regional wars are creating dangerous flash points. The international political and economic order is rapidly changing. The U.S. and Europe…
Over the last 75 years, the federal government’s spending priorities have shifted dramatically toward health and social spending. In the last two years, interest expense has made up an elevated share of total government outlays as a result of the staggering level of debt. This presents a challenge for US fiscal policymakers going forward should…
Great Britain, the former mighty and powerful country and empire, is seeing a continued diminished global role, weak economic growth, high inflation, negative economic impact of Brexit and marginalization in Europe, higher crime rates, high level of non-Christian immigration, potential independence of Scotland, frictions with Ireland over Northern Ireland and the list can go on….
The renewed engagement of China with African states and China’s growing assertiveness on the global stage have spurred a debate on potential neo-colonialism of Africa. The Chinese African policy, as part of the Chinese Communist Party’s (CCP) foreign policy of the “Going Global Strategy”, poses some serious questions about the role of China as an…
The economic story of the year so far is how hopes for lower interest rates have been dashed by a disruption in the trend decline in inflation. The gravity-defying power of consumer spending deserves a hearty share of the blame. Unbroken by the highest cost for consumer credit in decades, it is difficult to look…
