Word: showdowns
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...must make to do business in China when it entered the market in 2006. But it seems that Brin decided this year that the company could no longer abide the level of censorship, and hacking, and e-mail pilfering that takes place behind Beijing's Great Firewall. The showdown comes at a time when the most important economic relationship on the planet is getting frayed, as Washington and Beijing swap accusations about trade protection and currency values. Google and other technology companies have long seen China as a key source of future success. But on free speech, trade and just...
...keep their folks warm, they spread euros around like there is no tomorrow, especially to their powerful public-employees unions. By the same token, they have been loath to raise taxes, let alone take on entrenched interests. The fallout is right out of the introductory economics textbook. (Read: "Bailout Showdown: Greece and Germany Raise the Stakes...
...leaders' respective supporters have upped the ante in the showdown this week. Bundesbank board member Thilo Sarrazin warned that if Greece cannot pay its bills, "it should do what every debtor has to do and file for insolvency." And the fiery Greek Deputy Prime Minister, Theodoros Pangalos, accused Germany of betting on rising Greek bond yields. "In allowing monetary and credit institutions to take part in this miserable game, people in Germany are making money," Pangalos said. (See more about the E.U.'s bailout of Greece...
...Thailand, people literally wear their politics on their sleeves. The nation has been locked for years in a paralyzing political showdown between two camps. There are the red shirts, who support former Prime Minister Thaksin Shinawatra, who was ousted in a 2006 military coup and later convicted in absentia of abuse of power. And there are the establishment yellow shirts, who back current Prime Minister Abhisit Vejjajiva. On March 12, around 100,000 red shirts, whose numbers are drawn largely from Thailand's poor rural regions, began descending on Bangkok by bus, truck, boat and tractor for what they deemed...
...current showdown reflects a recognition by the Administration that getting the peace process back on track may require a willingness to press Israel into actions that its current leaders are unlikely to take of their own volition, and that's an unappealing choice for a politically vulnerable Administration. But there are other voices making themselves heard in ways that preclude an easy retreat. Indeed, there's a growing belief in Washington that U.S. national interests across the region are imperiled by a failure to resolve the Israeli-Palestinian conflict in a manner minimally acceptable to the Arab world...