The Great Debate UK

from Anatole Kaletsky:

Why markets ignore good news from U.S. to focus on bad news from Europe

By Anatole Kaletsky
October 16, 2014

A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York

What’s spooking the markets?

One thing we can say for sure is that it is not the slightly weaker-than-expected retail sales that triggered the mayhem on Wall Street on Wednesday morning. Most U.S. economic data have actually been quite strong in the month since Wall Street peaked on Sept. 19.

from The Great Debate:

‘In Putin’s mind, Ukraine is not a nation’

By Jason Fields
October 14, 2014

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How dangerous is Vladimir Putin?

Reuters Editor-at-Large Sir Harold Evans moderated a panel of experts searching for answers to that question at a Newsmaker event hosted at the company's Times Square offices in New York on Oct. 14. The panel was comprised of New Yorker Editor David Remnick, author of the award winning Lenin's Tomb, former chess champion and Russian opposition leader Garry Kasparov, Russian-American journalist Masha Gessen and Roger Altman, who served in the Treasury Department under presidents Jimmy Carter and Bill Clinton, and is currently chairman of investment advisory firm Evercore.

from The Great Debate:

Under assault by U.S.-led coalition, Islamic State may shift tactics

By David Axe
October 14, 2014

Militant Islamist fighters take part in a military parade along the streets of northern Raqqa province

This summer, Islamic State fighters swept into the expanse of desert straddling the Iraq-Syria border. Riding in pickup trucks mounted with heavy machine guns, supported by skilled snipers and at least one tank, the Islamists captured the town of Rabia on the Syrian side of the border.

from Anatole Kaletsky:

An ‘atomic bomb’ is hovering over France’s economy

By Anatole Kaletsky
October 10, 2014

France's President Hollande and German Chancellor Merkel talk during a conference on jobs in Milan

An “atomic bomb” is about to blow up in “the confrontation between Paris and Brussels.”

from The Great Debate:

Far from Hong Kong, ethnic minority regions in China are a tinderbox of tension

By Julia Famularo
October 8, 2014

A young Tibetan monk is seen in the smoke as monks burn trees during their morning ritual in the Dzamthang Jonang monastery in Barma township

As the Hong Kong demonstrations continue, foreign observers question whether the democracy movement might embolden minority groups seeking greater autonomy in Tibet or Xinjiang, also known as East Turkistan. Like Hong Kong, these regions were once promised greater autonomy, but have yet to see it fully realized.

from Anatole Kaletsky:

Will the European economy’s summer squalls turn into an autumn tempest?

By Anatole Kaletsky
October 3, 2014

Draghi, President of the European Central Bank (ECB) answers reporter's questions during his monthly news conference at the ECB headquarters in Frankfurt

Following the grim market response to European Central Bank President Mario Draghi’s latest monetary policy pronouncements, Europe is approaching another make-or-break moment comparable to the crisis of 2012. The summer quarter ended this week, and financial markets delivered their judgment on just how bad things are, pushing the euro down to its lowest level since September 2012. Europe’s quarterly stock market performance was the worst since the nadir of the euro crisis. The question is whether the miserable summer will give way to a milder autumn. Or whether the summer squalls will turn into a catastrophic tempest.

from Hugo Dixon:

Whatever help the West offers to fight Islamic State, it should have conditions.

By Hugo Dixon
October 2, 2014

A pair of U.S. Air Force F-15E Strike Eagles fly over northern Iraq

What should the West’s military policy be toward Islamic State?

Most observers fall into two camps. Some point to the sorry history of Western intervention in the Middle East and argue the job of combating the Islamic State should be left to local powers.

from Breakingviews:

Cameron takes deficit amnesia to a new level

October 1, 2014

By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

from The Great Debate:

We all know about jihadists, but what about those waging an ‘anti-jihad’?

By Karima Bennoune
October 1, 2014

Human rights activist holds a placard during an anti-Talibanisation protest in LahoreAs the UN Security Council tackles the entity claiming to be “Islamic State,” and President Barack Obama invokes global Muslim responsibility, many ask whether people of Muslim heritage do enough to counter extremism.

from The Great Debate:

Are ‘Hong Kong people’ still Chinese? Depends on how you define ‘Chinese’

By Alan Chin
September 30, 2014

A protester sleeps under an umbrella as she blocks a street outside the government headquarters in Hong Kong

“Hong Kong people! Hong Kong people!” shouted tens of thousands of Occupy Central demonstrators on the streets of downtown Hong Kong as they braved police pepper spray and tear gas this weekend. So simple and self-evident, the slogan gets to the heart of the matter, because beyond the immediate causes of contention are the much larger existential issues of who gets to define just exactly what it means to be part of China, and to be Chinese.