In Rome Municipal Guards Do Not Show Up For Work 83.5% produced fake excuses in order to avoid working on New Year's Eve WASHINGTON – From tragedy to farce Italy has it all. Sadly, there is the daily tragedy of the hapless...
China’s Bubble Coming To An End Stimuls led to over capacity. Too many steel mills, while unoccupied buildings indicate that the construction boom is over WASHINGTON – Here is the latest news from China. In the North West, several companies are going bankrupt. Some of...
How The Europeans Destroyed Their Economies America should learn from this example. Avoid taking the same path, or you get the same results WASHINGTON – We all know that most European economies are doing poorly or very poorly. Indeed, in the new normal...
Why Is the Islamic State Popular? Islamic fundamentalism is a dream that appeals to emotions. It is not a political program. Arab societies have to produce rational and yet appealing alternatives WASHINGTON – The NYT published a front page story on how American policy-makers are trying to understand ISIL, (Or ISIS,...
No Independent Judiciary In China Trials are a formality. The police decide who is guilty, well in advance of any formal judicial indictment WASHINGTON – Western media are covering rather extensively the broad anti-corruption campaign now under way in China. Most recently,...
Japan Headed Towards Disaster? Abenomics is not working. A stagnating economy, combined with an aging population, negative savings rate and more debt indicate trouble ahead WASHINGTON – Unfortunately for Japan, smashing political victories do not translate into good economic performance. Prime Minister Shinzo Abe held...
“Reef Balls” Help Rehabilitate Marine Habitat Hollow concrete balls create the habitat on which coral will cling and grow WASHINGTON – We humans are unfortunately very good at damaging or destroying the world in which we live. Delicate...
Floating Homes Will Neutralize Rising Sea Levels A creative Dutch architect successfully built entire communities on water WASHINGTON – Those who warn us about the worst possible consequences of global warming predict that coastal areas around the world will...
Sustained US Growth Requires Quality Public Education The US is improving. But we are still struggling. Too many Americans are not participating WASHINGTON – The American economy is closing 2014 on a high note. US GDP grew 5% in the third quarter....
Saudi Arabia Wants To Kill US Shale Oil The Saudis bet that high cost US shale oil industry will not be able to survive a prolonged period of low prices WASHINGTON – Saudi Arabia’s oil end game is to let prices fall and stay low for as long as...