It is misguided to believe that China will threaten its relationship with North Korea over the Sony hacks. The threat of North Korean regime collapse, and thus war on the Korean Peninsula, will continue to ensure Beijing’s support for Pyongyang.
The shale revolution has been the driving force behind the economic and geopolitical story of the year: the stunning collapse in oil prices.
Indian economic reform could be the key global economic story in 2015.
AEI early-childhood education expert Katharine Stevens writes in the Wall Street Journal that the December 10, 2014 award of $750 million to states, district, agencies and non-profits is nothing but a Trojan horse.
Falling oil prices have been called shocking, unprecedented, and (most incredibly) a highly regrettable development that will end the rise of American stock market and create unrest and uncertainty around the world. However, what we are experiencing is the eighth oil price decline of more than 30 percent during the past 30 years.
Despite Obama’s opening to Cuba, expect no meaningful steps toward liberalization of any kind from the Castro regime.
Fewer startups means less competitive intensity in the American economy. And a crony capitalist relationship between business and government could mean fewer startups.
Hollywood and the American public alike are in uproar over the recent cancellation of Sony Pictures Entertainment’s movie, “The Interview,” which depicts the assassination of North Korea’s dictator, Kim Jong Un. US officials have confirmed that North Korean hackers are behind the attack that leaked sensitive and embarrassing Sony correspondence.
Factory output is up, but job growth lags far behind.
The recent cyber-attack on Sony Pictures, US intelligence officials say, “was both state-sponsored and far more destructive than any seen before on American soil.” The question now is: what is the United States going to do about it?