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Category Archives: USA
George Soros foresees US class war
In a recent interview with Newsweek, George Soros has said that he foresees “riots on the streets [in the USA] that will lead to a brutal clampdown that will dramatically curtail civil liberties.” This is not good news for US … Continue reading
China’s economy set to pass US by end of decade
America’s political power and influence will likely decline in parallel, although more slowly. This article argues that it is better to embrace this as a reality, rather than to seek ways to reestablish America’s dominance. http://www.ft.com/cms/s/0/0c73f10e-f8aa-11e0-ad8f-00144feab49a.html
Posted in Political/Economic, USA
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US budget “almost fixed”
But it assumes that 4-5% growth will return, boosting taxes, in 2014-15. The FT thinks this is unlikely, but sees the realisation as something that will help force through tax increases and spending cuts, as well as a focus on … Continue reading
Posted in Political/Economic, Taxation/Spending, USA
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Rising Chinese labour costs alter global manufacturing landscape
As the US Senate confirmed its legislation to impose tariffs on Chinese goods, in response to China’s failure to allow its currency to appreciate, a new study by consulting group BCG shows that rising Chinese labour costs are already changing the economics … Continue reading
Posted in China, IndustryCompetition, Manufacturing, Political/Economic, USA
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Struggle between US and China becomes overt
The struggle for power between the US and China will be “the defining geopolitical drama” of this century. It took a step forward this week as the US voted on legislation to introduce tariffs on China in return for its … Continue reading
Posted in China, Political/Economic, USA
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