Global News Journal

from Global Markets Forum Dashboard:

China economic reforms may result in $14.4 trillion GDP, growth at 6 percent – Asia Society report

October 23, 2014

Sweeping economic reform initiated by China President Xi Jinping in November 2013 marked a turning point for the world's second biggest economy. If implemented fully, China's potential GDP growth can be sustained at 6 percent through 2020. One risk: Falling short of that growth rate could result in growth at half that projection, or worse, leading to a new economic crisis, according to a new study.

Europe can’t put out the blaze

November 8, 2011

If the world thought that Europe’s finance ministers were running in to put out the blaze spreading through Athens and Rome this week, it might come as a surprise to learn they still don’t agree on the size of the fire or how to deal with it.

from Pakistan: Now or Never?:

Pakistan and the taboo of secularism

January 8, 2011

graveFor everyone trying to understand the implications of Salman Taseer's assassination, this essay from 2007 is good place to start (h/t Abu Muqawama).  "The Politics of God" is about why Europe decided, after years of warfare over the correct interpretation of Christianity, to separate church and state.  But it is also relevant to Pakistan, where the killing of the Punjab governor over his opposition to the country's blasphemy laws has shown that what was left of Pakistani secularism, is, if not dead, at least in intensive care.

from Pakistan: Now or Never?:

Claiming Jinnah’s mantle: Musharraf joins the queue

October 2, 2010

jinnah flagThe minute I entered the elegant book-lined club in central London where Pervez Musharraf was about to launch his political career, it was clear who was to dominate the proceedings - Muhammad Ali Jinnah, Quaid-e-Azam, Founder of the Nation, Father of Pakistan. In his trademark peaked Jinnah cap, it was his photo alone which was hanging prominently on the platform where the former military ruler was to speak; and his photo on the little entrance ticket they gave you to get past security.

from Tales from the Trail:

Special Relationship? How quickly they forget….

September 29, 2010

So much for "Hilly-Milly".

Just last year U.S. Secretary of State Hillary Clinton gushed to Vogue magazine about  former British Foreign Secretary David Miliband,  calling the young diplomat a dashing addition to the international scene. AFGHANISTAN/

Colombia kills a top rebel leader, any chance for peace?

September 24, 2010

Colombia has killed a top rebel leader of the Revolutionary Armed Forces of Colombia, known by its Spanish acronym FARC. The aerial bombardment of Mono Jojoy’s jungle camp – which was complete with tunnels and a concrete bunRebel commander of the FARC, Jorge Briceno, known as "Mono Jojoy"ker – was one of the hardest blows to the guerrillas in their more than four-decade-old insurgency. Since the launch of a U.S.-backed offensive in 2002, the rebels have been on the run, pushed back to remote hideouts and forced to use ambushes and other hit-and-run tactics. The new government of Juan Manuel Santos says that there can be no talks until the FARC stop attacks and release security forces held by the rebels. The Marxist insurgents have called for talks before and used discussions to regroup. Colombia had dealt significant blows to the group before, but has been unable to completely defeat the guerrillas. Can the insurgents be defeated militarily? What should Colombia do to end its conflict?

Sun setting on Merkel coalition?

June 30, 2010

GERMANY-PRESIDENT/As the sun started to set on the west side of the Reichstag on Wednesday evening — and perhaps on Chancellor Angela Merkel’s centre-right government as well — delegates to the Bundesversammlung (Federal Assembly) began switching to beer from the preferred beverage earlier in the day — coffee, water and apple juice.
 
There was an unmistakeable air of “Endzeitstimmung” (doomsday atmosphere) on the comfortable rooftop terrace of the historic German parliament building, where the catering is superb and the view of Berlin breathtaking. 
 
The conservative delegates on the Reichstag roof were easy to spot — they were the ones with worried looks on their faces after a couple dozen unidentified “rats” from within their ranks twice failed in votes during the afternoon to give Merkel the votes she needed to get her candidate elected.

Japan’s new “voluntary militia” cabinet under PM Kan

June 14, 2010
Newly-appointed Banking Minister Shozaburo Jimi bows to the Japanese national flag  after a news conference. REUTERS/Issei Kato .

Newly-appointed Banking Minister Shozaburo Jimi bows to the Japanese national flag after a news conference. REUTERS/Issei Kato .

MP’s nosedive mirrors Japan leader’s sinking ratings

May 21, 2010

With voter popularity for Japanese Prime Minister Yukio Hatoyama sinking to new lows, there was little sympathy even when a lawmaker from his Democratic Party fell flat on her face in parliament last week. Internet chatrooms and blogs have accused Yukiko Miyake of  faking her fall, which the Democrats blamed on a shove by a stocky opposition party lawmaker.  Footage of the scene in slow motion has flooded YouTube. One comment: “Miyake needs acting lessons”.

from MacroScope:

Deficit-obsessed Czechs grapple ahead of vote

By Michael Winfrey
May 20, 2010

If one were to believe the noise coming from right-of-centre politicians in Prague, the Czechs are on the brink of a Greece-style budget meltdown, and victory by the leftist Social Democrats in a May 28-29 election would plunge them into economic collapse.