Islamists not only look at religion as a panacea to political issues, but also as a provider of social justice and an engine of economic prosperity.
A new study by the International Monetary Fund (IMF) forecasts that the so-called “Age of America” will end in 2016, stating, ‘we are witnessing the end of American economic hegemony in the World.’
After Japan’s anemic 0.1% economic growth in the 2Q, China has now supplanted its ancient rival as the world’s second-largest economy marking another milestone in the country’s transformation from an impoverished ‘Third World’ communist state to global economic superpower, and carries with it broad geopolitical implications.
WHEN CHINA RULES THE WORLD: The End of the Western World and the Birth of a New Global Order By Martin Jacques, Penguin Press (2010). Historians may someday debate whether the financial crisis that began a year ago is most notable for how much damage it did to the United States, or how little […]
China’s industrial production and trade surplus posted robust double-digit gains in October, indicating a strengthening recovery in the world’s third-largest economy. China, unlike the U.S. and other western industrial nations, has managed well in the advance of the global economic crisis.
Everyday there is fresh evidence that government spending to stimulate demand was critically necessary to pull the country out of the economic tail spin caused by the reckless risk-taking of essentially unregulated financial markets, easy money policies often championed by Right-wing economists such as CNBC’s Larry Kudlow.
Though you haven’t started hearing much about it yet in the MSM, there really are ‘gilmmers of hope’ on the economic horizon as President Obama’s aggressive stimulus and economic recovery agenda kicks into gear. Recent economic data is beginning to paint a bright pciture for recovery end of 09, into 2010.
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