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...these types of export-at-all-costs policies that some economists worry will cause a resurgence of 1930s-style antitrade policies. Jim Walker, an economist at independent research firm Asianomics in Hong Kong, says "the big danger" in Asia is a "round of competitive devaluations" of Asian currencies that sparks protectionism in the West. Walker fears that China, in its efforts to support growth and the millions employed in export factories, will eventually allow the yuan to depreciate, forcing all other Asian countries to do the same to keep their exports competitive. "If conditions do worsen, then every lever...
...risk, fewer consumers are willing to make a long-term bet on a solar system - but so have ebbing subsidies for solar in Europe, where manufacturers in the U.S. still send most of their product abroad. Without Spain and Germany - leaders in European solar - soaking up systems, the research firm New Energy Finance estimates an oversupply in the industry of nearly 4 gigawatts in 2009. "There's real concern about the policy risks in Europe," says Christopher O'Brien, the head of North American market development for Oerlikon Solar...
...always been the other Rick Warren, who sounds for all the world like the new leader of the Religious Right. The one who proclaimed a week before the 2004 election that the five "non-negotiable issues" for Christian voters were abortion, gay marriage, human cloning, euthanasia and stem-cell research. The one who bragged about taking Obama and other Democrats to task over abortion but said he "didn't have the opportunity" to ever talk with George W. Bush about his opposition to torture. (See TIME's cover story "The Global Ambition of Rick Warren...
...Many believe the Obama campaign was naive about Warren's political agenda heading into the Saddleback forum. "They hadn't done their research on Warren," says one progressive religious figure. "Obama wasn't prepared for the Saddleback thing at all, and Warren bushwhacked him." Likewise, Obama's senior staff was not aware of Warren's most recent controversial comments - including his comparison of homosexuality to incest and his belief that the President of Iran should be assassinated - when they signed off on his selection for the Inauguration...
...Jacques Mistral, head of economic research at the French Institute of Foreign Relations in Paris says Thursday's move reflects a last-gasp provocation by the Bush administration, which has never forgotten France's emphatic non before the invasion of Iraq. Mistral - who was economic adviser at the French Embassy in Washington during the stormy period from 2001 to 2006 - says the current swipe at Roquefort will prove less economically threatening than the Iraq-triggered American public boycott of France's wines in 2003 - and shorter-lived than the deportation of French fries from Congress' menu. "Even from this administration...