Global News Journal

from Tales from the Trail:

Loss of U.S. jobs to China becomes powerful election issue

October 8, 2010

In Pennsylvania, the Democratic candidate for the U.S. Senate, Joe Sestak, accuses his Republican foe Pat Toomey of favoring China over hard-working Americans.

China, and the slowdown showdown

December 16, 2008

America caught a cold and now China has one too. 

IMF chief Dominique Strauss-Kahn said on Monday that the Fund could cut its forecast for China’s economic growth in 2009 to around  5 percent. To think that only last year China was galloping at a double-digit clip. It’s staggering, and it’s worrying.

“Deja vu all over again” in struggling Hungary?

October 29, 2008


Hungary has negotiated a $25 billion economic rescue package with the IMF, the EU and the World Bank. What else is new? As that non-Hungarian philosopher of gamesmanship Yogi Berra put it, it’s ”like déjà vu all over again”.  

Where would we be without Europe?

October 7, 2008

ECB headquarters in Frankfurt/Alex GrimmIf the financial crisis looks bad, I for one am thinking it might have been even worse — in the euro zone at least — had European countries not decided to pool their economies together by launching the single European currency.