This fall, China quietly completed its $4.7 billion purchase of the world’s biggest pork producer, Smithfield Foods of Virginia. This takeover, the subject of Congressional hearings, regulatory oversight and intense lobbying for a few months, represents a precedent that will damage the American economy and cost jobs in the long run. It also may have… Read More
The new cold war is underway and pits free enterprise against state capitalism. Countries like Canada, the U.S. or Germany have fostered their multinationals and they have acted as de facto instruments to grow their economies through trade success. But countries like Russia, South Korea, China, Singapore and others operate like gigantic holding companies armed… Read More
The G20 summit this week, and the growing Syrian catastrophe, underscores the reality that we are living in a G-zero world. The term, coined by two American political scientists, refers to the vacuum of geopolitical power as the west declines and emerging nations concentrate on their domestic problems. For fans of “strongman” politics, this is… Read More
VENICE — Ai Weiwei’s “bang” is a famous and a whimsical look at, or metaphor to describe, our interlocking and unconnected existence. It’s also interesting to note that only a few of these dozens of stools (886) are in unique colors, representing the fact that the Chinese population is 97% Han ethnically. Figuratively, the colored… Read More
VENICE – The Biennale is the world’s oldest and most prestigious art exhibition and the Chinese caught most of the imagination and publicity here. The star of the show, on and off-grid, was Ai Weiwei, the Chinese activist-artist and architect who has been jailed for his outspoken creations and remains under house arrest for alleged… Read More
The United States must reject China’s $7-billion bid to buy the world’s biggest pork producer, Smithfield Foods of Virginia. The transaction was announced in May but is currently under review in Washington by authorities. Delays are due to concerns. And there are many. Most significantly, the transaction is another “Trojan Horse”, a takeover template that… Read More
A debate rages as to whether National Security Agency leaker Edward Snowden is a hero or a heretic. Or, is he a narcissist who was “turned” into a double agent by China or others. The facts are he leaked information that was only accessible by others above his pay grade. He was a “drop box,”… Read More
CALGARY — This city of hustle and bustle was a ghost town yesterday just as though the Keystone XL Pipeline had been rejected by the U.S. President. But the streets were empty due to the force of nature as Calgary’s rivers roiled and flooded as they surged from the mountains. By 8 a..m., the city’s… Read More
Ottawa has made a mistake by allowing the buyout of Nexen Inc. by China National Offshore Oil Corp. (CNOOC) and the buyout of Progress Energy Resources Corp. by Petronas of Malaysia.
The China-Canada trade deal and allowing buyouts by state-owned enterprises from countries like China are clearly not in the national interest nor popular.