California Burnin’ Written By: Jeanne Roberts 2008-07-16 10:00:37
In 1965, a group called The Mamas & the Papas came out with a song, “California Dreamin’. The lyrics describe a New York winter and a nostalgia for Los Angeles, a place described as safe and warm.
China Exporting Inflation: Political Spin or Economic Reality? Written By: Eben Esterhuizen 2008-02-19 23:29:01
It's probably fair to say that the most important diplomatic relationship in the world is between the U.S. and China. Unfortunately, the relationship is souring and could get much worse. "Alas, the U.S. is mostly to blame for this," said Nicholas Kristof in a New York Times column. "There are plenty of legitimate reasons to be angry with China's leaders, but its trade success and exchange rate policy are not among them. The country that is distorting global capital flows and destabilizing the world economy is not China but the U.S." He adds: "American fiscal recklessness is a genuine international problem, while blaming Chinese for making shoes efficiently amounts to a protectionist assault on the global trade system."
