China

How Barack Obama Became a China Hawk
November 10, 2010

As seen from Beijing, President Obama no doubt appears to be embarked on a “2010 Containment Tour” of Asia. While he is making stops in India, Indonesia, South Korea, and Japan, China is conspicuously absent from the president’s itinerary. The reason is obvious: When it took office in January 2009, the Obama administration declared its intention to broaden and deepen all aspects of America’s longstanding policy of “engagement” with China.

Way Too Big To Fail
November 07, 2010

There were many factors that led us to the financial crisis of 2008—dangerous derivatives, irresponsible ratings agencies, negligent regulators—but one was more important than the rest. We now know it as the “too big to fail” problem. What brought the economy to the edge of disaster wasn’t only that financial institutions had made rash bets on lousy investments, but that those institutions were so massive that when their bets went bad, they threatened to take the rest of the economy down with them.

Abused by Hope
October 19, 2010

Famine and Foreigners: Ethiopia Since Live Aid By Peter Gill (Oxford University Press, 280 pp., $27.95) In the fall of 1994, James P. Grant, the executive director of UNICEF, sent a message in the name of his agency to the upcoming Cairo conference on population and development, in which he declared that the world had within its grasp the means to solve “the problems of poverty, population, and environmental degradation that feed off of one another in a downward spiral [bringing] instability and strife in its wake.” Grant was a great man, a giant of the development world.

Why Are Chinese Millionaires So Stingy?
September 29, 2010

On Wednesday, Bill Gates and Warren Buffett hosted a dinner for China’s billionaires. The pair, fresh off successful efforts to persuade Americans to leave their fortunes to charity, hoped to start a wave of philanthropy in China, which now has the second largest number of billionaires. Gates and Buffett described the event as “a private gathering to discuss philanthropy development.” Xinhua, Beijing’s official news agency, earlier this month reported that only two of the approximately 50 invitees had accepted.

Should We Start a Solar Panel Trade War with China?
September 09, 2010

These days I do believe we're supposed to hail China as our clean-energy overlords. The country now produces half the world's wind turbines and half its solar panels. How did the Chinese do it? Partly through aggressive renewable-energy laws and various incentives for budding tech industries. And that's to be expected—as long as fossil-fuel externalities go unpriced, renewables are always going to need a little boost. But, according to Keith Bradsher of The New York Times, there's another side to this story.

Obama vs. the Republicans (With Full Speech Text)
September 08, 2010

I think it's safe to say that President Obama has given up on bipartisanship, at least for the foreseeable future. The White House just released prepared text of his economic speech to the City Club of Cleveland. A few weeks ago, House Minority Leader John Boehner gave a speech there, outlining his economic agenda (or, at least, what he claimed to be an economic agenda).

Chinamen
August 27, 2010

Charlie Chan: The Untold Story of the Honorable Detective and his Rendezvous with American History By Yunte Huang (W.W. Norton, 354 pp., $26.95)  Even in our fading half-life of cultural memory, the notion may endure that 1925 was a good moment for American literature. In that year, we were given Dreiser’s An American Tragedy, Fitzgerald’s The Great Gatsby, Anita Loos’s Gentlemen Prefer Blondes, and Willa Cather’s The Professor’s House. Hemingway was writing The Sun Also Rises.

Krugman vs. Brooks (And Germany)
August 27, 2010

David Brooks today says there has been a "natural experiment" of the propostion that a bigger stimulus promotes economic growth. America had a big stimulus, Germany didn't, and now germany is growing faster: This divergence created a natural experiment. Who was right? The early returns suggest the Germans were. The American stimulus package was supposed to create a “summer of recovery,” according to Obama administration officials. Job growth was supposed to be surging at up to 500,000 a month. Instead, the U.S.

Chinamen
August 27, 2010

Charlie Chan: The Untold Story of the Honorable Detective and his Rendezvous with American History By Yunte Huang (W.W. Norton, 354 pp., $26.95)  Even in our fading half-life of cultural memory, the notion may endure that 1925 was a good moment for American literature. In that year, we were given Dreiser’s An American Tragedy, Fitzgerald’s The Great Gatsby, Anita Loos’s Gentlemen Prefer Blondes, and Willa Cather’s The Professor’s House. Hemingway was writing The Sun Also Rises.

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