Are we outsourcing repression to China? That is the fear driving stepped-up scrutiny of labor conditions at Foxconn, the consumer electronics maker that assembles products for a number of Western technology companies, most prominently Apple.
Today at 11am, Chrystia will interview Alan Simpson live on YouTube. She and the former senator will discuss the Obama administration’s proposed budget for the next fiscal year as well as his new memoir, Shooting from the Lip: The Life of Senator Al Simpson. You can watch the whole thing here:
In an age of rising income inequality, one of the big questions is what impact the growing gap will have on democracy. Francis Fukuyama worries about it in this month’s Foreign Affairs, in an essay that bears the worrying subtitle, “Can Liberal Democracy Survive the Decline of the Middle Class?” President Barack Obama, as he signaled again with his budget this week, is putting the issue at the center of his re-election campaign.
Mitt Romney’s thumping victory in the Florida primary this week is bringing us closer to a Romney-Obama face-off in the autumn. While we do not know for sure if Romney will clinch the Republican nomination, if he does, we can already say what the central question in November will be: Is the United States one nation under God, or has it become a country where the government needs to secure a better deal for the 99 percent?
In an interview at the World Economic Forum in Davos, Bank of Canada Governor Mark Carney tells Chrystia that the implementation of the Volcker Rule in the U.S. will have unintended consequences in the international bond markets and that JPMorgan Chase chief Jamie Dimon is wrong to say that the Basel Committee’s decision to increase capital requirements is “anti-American.”