Antonio Fatas submits:The global imbalances that we have witnessed over the last years have led to significant changes in the net investment position of some countries. Those with persistent current account deficits (e.g. the US) have seen their net investment position deteriorate, while those with persistent current account surpluses have seen their net investment position improve (such as China).
While the market, and America's media, was focusing over the passage of the Cromnibus, and whether Wall Street would dump a few hundred trillion in derivatives on the laps of US taxpayers once again (it did), quietly and unanimously both houses passed The Ukraine Freedom Support Act of 2014, which authorizes "providing lethal assistance to Ukraine’s military" as well as sweeping
SHANGHAI/BEIJING (Reuters) - China signaled on Wednesday it wanted to ramp up private investment in its energy sector, in line with recently unveiled government plans to fast-track infrastructure investment to help combat the nation's slowing economy. Beijing is drafting detailed guidelines to encourage private investment across industries, with special focus on the heavily state-controlled electricity, oil and natural gas sectors, according to an article by the official Xinhua news agency. ...
OTTAWA — The Liberals and the NDP would fight insurgents overseas by doing little more than “dropping aid on dead people,” Stephen Harper said Monday as he reinforced the Conservative party’s tough-on-terror strategy.
With this week’s return of Mike Duffy promising another barrage of banner headlines and awkward campaign-trail questions, Harper struck a defiant tone as he defended putting Canada in the global fight against militants in Iraq and Syria, as well as his promise to ban travel to regions controlled by terror groups.
Yves here. A tongue-in-cheek article in the Financial Times, Putin putting Europe in its place, written from Putin’s viewpoint, concluded:
“As to your plans for emergency economic aid for Ukraine, this is an excellent plan. They could use the money and I’d rather not shell out myself. Incidentally, to save time why not make the cheques payable to Gazprom?”
BEIJING — China’s ruling party pledged to let markets play a “decisive” role in allocating resources as it unveiled a reform agenda for the next decade on Tuesday, looking to overhaul the world’s second-largest economy to drive future growth.