The Economist, in its first issues of 2013, ran on its cover a picture of U.S. President Obama wearing a striped shirt and a beret. It was a joke and criticism directed towards his politics.
Progressives who are looking for a better world should not place their bets on the emergence of a polycentric world: China is not going to overtake the U.S. and will more likely enter into decline.
Jim Flaherty and Stephen Harper are worried about America heading off towards the "fiscal cliff". They do not seem ashamed that Conservatives' spending cuts propel Canada in the same direction.
We face a new crisis, or at least a stock market correction of major proportions, which may precipitate a new phase of the crisis. How should governments be responding to the panic in the markets?
I think that Standard and Poor's decision -- alone among the major raters -- to downgrade the U.S. has severely discredited the agency (bad pun intended).
Maybe they should have postponed Barack Obama's 50th birthday party until he shows signs of growing up a bit. He first looked callow, like a kid not quite up to it, in his BP oil spill speech.
The history of the U.S. national debt is inexorably tied to its many wars. The resolution this week of the so-called debt ceiling crisis is no different.
Feeling the gun at their temples, the Democrats joined the Republicans in the quest for deeper spending cuts -- which will only make the disastrous U.S. unemployment situation worse.
A crisis brought to you from the people who ask you to vote for tax cuts (mostly for the rich and corporations) deregulation and privatization.
Seoul G20 flops.