This article may not be for everyone: it is about one of the issues you probably don’t read about in the newspaper, and certainly won’t see covered on the television, so it comes across as a bit of lesson, rather than an opinion piece. But it deals with big, important issues you need to know about.
You have been warned. Continue reading
Financial crisis has been with us since 2007. Not much is changing. Have the established forms of capitalism failed? Chris Smith urges us to think about the economy from a progressive perspective.
Global capitalism continues to lurch from one crisis to the next, just as any good Marxist account of reality tells you it is destined to do. The US, the world’s largest economy and lynchpin of global capitalism is having its credit rating downgraded for the first time in its history. Whether this downgrade by one ratings agency turns out to be as universally damaging to the workings of Continue reading
The money may be on China soon becoming the world’s biggest superpower, but is the future as rosy for the Chinese as is commonly predicted? Luke Cahill examines China’s success with caution.
After the US debt deal was passed just in time, Congress rightly came in for heavy criticism. China, through its official news agency, Xinhua, questioned the US political system. Many in Chinese government see the debt deal, exemplifying the problems the United States faces, as Continue reading
As North Korea taking strides to become a major nuclear power in the world, and Iran grows in threat towards Israel, could China be the diplomatic force to broker stability in these regions? George Vassilev reports.
So the talks between North Korea and USA finished on the 30th of July. Both countries agreed that it was constructive, and ‘business-like’. But looking beyond this, one wonders whether the most important issue of the human race is really being taken seriously. Continue reading
Our intrepid Harry Rafal delves into the depths of news to bring you the week’s five (actually six, but who’s counting?) stories that you may have missed.
The events that have unfolded in Norway last week rightfully occupied the headlines at the beginning of the week, supplemented as the week progressed with news of the demise of Amy Winehouse, the sluggish growth of the British economy and the stalemate in the US debt crisis, so here are the five news stories you may have missed if you were fretting over whether Continue reading
Is the news today that the Army will receive cuts of another 7,000 men above the Strategic Defence and Security Review (SDSR) a sign that things are going too far? With criticism and warnings coming from across the military hierarchy, will Mr Cameron and his government realise their mistakes, asks J. Britain?
When the SDSR was originally announced, it came under intense criticism. The loss of Britain’s only operational aircraft carrier, the entire Harrier fleet gone and cuts to vehicle numbers in all three forces are just a few of the major changes made to the armed forces. It is not all bad, as the Territorial Army (reservists) will be receiving more money. Also, Continue reading
The proposed high-speed rail link between London and Birmingham will take at least another decade to complete. China has managed to connect Shanghai and Beijing within 36 months. It is not just rail networks, but entire infrastructures are taking the British ages to complete. Red tape is primarily to blame, writes Christopher Wheeler.
On the 27th of July 2011, 25 years after it was originally proposed and 4 years after initial building work began the Hindhead Tunnel in Surrey was finally opened. At the same time, debate in Britain Continue reading
By bailing out every nation too big to fail, we have created a monster too big too save. And if the European Union collapses, will it take down the USA and China with it? Asks Ventilator Blues.
What a mess we have gotten ourselves into. Our financial system has been exceedingly well cudgelled by this interminable crisis if not instigated by, then certainly triggered by the collapse of Lehmans. The result of this was a mad rush to prevent the entire economic order collapsing around us and blind dumb governments waving their bailout stick at huge bankrupt straw donkeys because they were too big to fail. This meant, I think, that the governments believed that the whole world would go to pot if Barclays et al decided to diversify into liquidation as the profit quanta suffered catastrophic devaluation – or however Murdoch Jnr would say it. Continue reading
With all the media smothering us in the phone-hacking scandal, other stories are being under-reported. Harry Raffal casts his eyes about the lower reaches of the newspapers to bring you five stories you may have missed.
With the fallout from the hacking scandal continuing to dominate the news, only briefly broken to inform us that a fat couple from Scotland have won over £160 million on the lottery and that the Beckams have provided a ridiculous name to their daughter (so she won’t be bullied by other celebrity kids), here are the five news stories you may have missed if you were busy fretting over who was going to win the apprentice.
One: The decision has been taken to release funds to the Libyan rebel Continue reading
Long gone are the days when The West could dictate terms to China. The balance of power has changed. Britain cannot afford to be too fussy about human-rights; we must do urgent business with the Chinese, writes Christian Walker.
We live in especially interesting times, internationally. This is because we are witnessing the rise of a new global power in the form of China; a rise which could culminate in the eclipse of American power (initially economically, later militarily) at some undetermined point in the future – all things being equal, certainly during the lifetime of our children. ‘What about India’, you say. Good point. A key reason for the focus on China owes to the unique challenges China’s rise poses to the global community – challenges of a very serious and fundamental nature, which are (thankfully) absent when considering India’s rise. Continue reading