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Asia Times

THE MOGAMBO GURU : Purchasing power blown away
08 07 2008 Anyone sold a retirement plan by some fancy-suited sharpie must be looking at share prices with horror, even as central bankers inflate currencies at ever-more alarming rates and blow away whatever value is remaining. Investment for the long term? Losers all!

Labor back in the picture
08 07 2008 The length and scale of present energy price increases threatens to start altering the profitability and desirability of marginal production processes. That will increasingly force a rethink of the balance between capital and labor. - Max Fraad Wolfff

Greed and dogma fertilize food crisis
08 07 2008 Soaring food prices reflect the transformation of agriculture from a primarily local activity to a global business. When agricultural policy is made by international financial institutions with market fundamentalist policies and by big agribusiness whose primary concern is their own bottom line, it is a recipe for disaster.

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Far Eastern Economic Review / Essays


The purpose of this weekly economic publication is to analyze and interpret financial, commercial and industrial developments; to collect economic news; and to present views and opinions with the intent to improve existing conditions.

Let the Beef Protests End the Era of FTAs
05 07 2008 It's been well over a year since Korus�'the proposed U.S.-Korea Free Trade Agreement�'was signed, sealed and delivered. But it has yet to be approved by the United States Congress, and as of this writing, it has also not yet been approved by Seoul’s National Assembly, though supposedly it was to have an easier ride there. The alleged obstacles in both capitals are well-known. From Washington, the complaints include not enough beef and cars, while Seoul is focused on too much supposedly tainted American beef today and fears of too much rice tomorrow. But those specifics mask the real story, especially in Washington, of what’s wrong with these FTAs and why they’ve already hit so many rough spots on the road to passage.

Balancing the Risks of Inflation in Asia
05 07 2008 If forced to choose the single biggest threat to Asian economic stability today, it’s fairly certain that regional investors and policy makers would answer with a single voice: “inflation.”

How Inflation Hits Asia’s Traders
05 07 2008 A piece I wrote for the review last year (“Shattering Shipping Myths,” June 2007) might have seemed overly pessimistic at the time. I sketched out a scenario where demand for manufactured goods from Asia and China fell off steeply as a result of a property bust in the United States, as food and energy costs rose further. Events have unfolded faster than I expected, largely because shipping demand in Europe slowed quickly and there was a sharp decline in U.S. inbound volume. The one bright spot has been a healthy rebound in U.S. exports.

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IPS / Asia Pacific / News


Inter Press Service is a global news agency producing independent news and analysis of events affecting the economic, social and political development of peoples and nations especially in the south

IRAN: Did IAEA Revive Uranium Paper Issue Under Pressure?
09 07 2008 WASHINGTON, Jul 8 (IPS) - A 15-page paper on the process requirements for casting and machining of uranium metal into hemispherical forms -- said to useful only for making the core of a nuclear weapon -- has been raised by the International Atomic Energy Agency (IAEA) in recent months as evidence of an alleged Iranian intention to built nuclear weapons.

G8: Leaders Produce More Than NGOs Expected
09 07 2008 TOYAKO, Japan, Jul 8 (IPS) - Three key documents – on African development, food security, and corruption -- emerging Tuesday from the summit of major industrial nations' leaders seem to have taken non-governmental organisations (NGOs) by surprise in delivering more than expected, even if they did not please all.

G8: Majority Favours An Exclusive Club
08 07 2008 TOYAKO, Japan, Jul 8 (IPS) - The Group of Eight (G8) will remain an exclusive club of major industrial nations at least for a year. Whether the next year's summit in Italy will decide on its expansion -- to include Brazil, China, India, Mexico and South Africa -- is an open question.

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