In China’s modern economic history, the Open Door Policy refers to a new policy announced by Deng Xiaoping in December 1978 to open the door to foreign businesses that wanted to set up in China. The reforms gradually led China away from a planned economy and Maoist ideologies, opened it up to investments and technology,…
Recent U.S. data shows that inflation is finally decelerating and only rose 4% in May verses a year earlier. That was a step down from April’s 4.9% increase and marks the smallest monthly increase in more than two years. Last June, inflation peaked at 9.1%. Inflation has been a global phenomenon as a result of…
On May 27, Henry Kissinger celebrated his centennial. 100 years old. He is the only official in U.S. history to have served as both secretary of state and national security adviser. That was under Nixon and Ford. He is considered to be the patriarch of U.S. diplomacy, guided by his realpolitik and pragmatism in foreign…
Since the creation of NATO in 1949, there has been ongoing attempts to expand the organization eastward to counter Soviet Union or Russian power. Since the fall of the Berlin wall in 1989, NATO has successfully gained more members and significantly moved its borders closer to Russia. This has created increased tensions between NATO and…
The U.S. is again in a situation where the debt ceiling must be increased to avoid a government shutdown and a debt default. It has happened almost 80 times through the years and each time the politicians have decided to increase the debt limit in order to be able to spend more. This time, given…
