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  • America’s Creeping New Normalcy: Sluggish growth and high unemployment are now just accepted

    02/05/2013 6:40:39 AM PST · by SeekAndFind · 20 replies
    National Review ^ | 02/04/2013 | James Pethokoukis
    The Japanese have said “Enough.” After a generation of stagnation, they’ve chosen an all-of-the-above policy to boost economic growth. The nation’s new prime minister, Shinzo Abe, is promising a “three arrows” strategy: bold monetary easing, increased public-works spending, and structural changes, such as regulatory reform. He’s throwing the ramen against the shoji and hoping something will stick. Some of those ideas are good ones, some probably aren’t. But it’s clear that Tokyo’s priority is growth, growth, growth. Time to get Nippon moving again. Nations probably never choose decline, at least not consciously. More likely they become victims of a creeping...
  • China trade now bigger than US

    02/10/2013 2:28:32 PM PST · by lowbridge · 47 replies
    http://www.telegraph.co.uk ^ | february 10, 2013 | Garry White
    China has leapfrogged the US to become the world’s biggest trading nation, bringing an end to the US’s post-war dominance of global commerce. The total value of US exports and imports in 2012 was $3.82 trillion (£2.4 trillion), the US Commerce Department has revealed. China’s customs administration has already announced that the country’s total trade last year was worth $3.87 trillion. “It is remarkable that an economy that is only a fraction of the size of the US economy has a larger trading volume,” Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics in Washington, told Bloomberg....