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...relationship between China and the U.S. may be the world's most complicated. While the two economies desperately need each other - China relies on exports to the U.S. to drive growth while the U.S. requires investments from China to finance its giant deficits - Beijing and Washington nevertheless routinely spar over a wide range of sensitive issues. The U.S. has accused China of manipulating its currency to unfairly promote exports, while China has openly called for the replacement of the U.S. dollar as the world's premier currency. But with so much at stake, the two nations have tried to keep...
...timing couldn't be worse. Policymakers and business leaders have been looking more and more to a partnership between China and the U.S to solve the world's most intractable problems, from reform of the global financial system to climate change to nuclear proliferation. Most pressing, cooperation between Washington and Beijing is seen as absolutely crucial to nurturing the budding recovery of the global economy. The two sides need to alleviate the giant economic imbalances - excessive debt and deficits in the U.S. paired with excessive savings in China - to restore the world economy to a more sustainable growth path...
...having to be sensitive to sentiment at home. With unemployment in the U.S. still increasing, the Obama Administration is under pressure to take more action to preserve and create American jobs. Beijing's leadership, though not elected, can also be surprisingly reactive to public opinion, and the days following Washington's tariff announcement have seen an outpouring of criticism of the U.S. decision in the Chinese press and on the blogosphere. "Americans are shameless," noted an Internet commentator. "They always blame others for their own problems." Critics accused the U.S. of sacrificing its relationship with China to domestic politics...
Former Dean of the Law School Elena Kagan—fresh from her first appearance before the Supreme Court—appeared before a rapturous crowd at the Law School on Friday where she described her recent experiences in Washington and was lauded by her HLS colleagues. Kagan, the current solicitor general, appeared on a panel with her successor as Dean, Martha L. Minow; Professor Charles Fried, a former Solicitor General under President Reagan; and Professor John F. Manning ’82, who worked in the solicitor general’s office in the early 1990s. Kagan?...
...currently developing nuclear weapons; they're warning that allowing Iran to assemble the full nuclear-fuel cycle to which it is entitled as a signatory of the Non-Proliferation Treaty - particularly uranium enrichment - gives it an infrastructure that could quickly be converted to produce bomb matériel. Stating Washington's case at the International Atomic Energy Agency in Vienna this week, Ambassador Glyn Davies warned that Iran had already created enough low-enriched uranium that, if it kicked out nuclear inspectors and reconfigured its enrichment plant, could be re-enriched to provide matériel for a single bomb...