China has set out to conquer the global automotive markets, but not by flooding them prematurely with Chinese-branded vehicles. It’s a government priority. And it’s through the back door
Congress, the ideal American institution: it spends more than it takes in and borrows the difference. We love that. It means free money, services, wars, and other goodies. And yet....
In France, the litany of job reductions continues: Air France, PSA, banks, Areva, Sanofi, newspapers, Seafrance. And now, its signature industry—wines—got slapped in the face. By China.
The Swiss government prepares for a collapse of the euro while 27 EU heads of state meet to discuss treaty changes that would impose Germany’s new religion on them. Opposition is stiff, timing impossible.
The reason why some profitable companies pay no taxes. And why others pay too much. It’s so fundamental to business taxation. But not even tax reformers dare to mention it.
Prime ministers get replaced every 8 to 15 months. Bureaucrats and corporate interests stay. Public debt turns into a mushroom cloud. Is it finally time to bet against Japan Inc.?
