Obama 2.0 and the World
Obama won reelection despite a high unemployment rate, declining average incomes and skyrocketing government debt because voters blamed his predecessor for the economic problems and didn't trust his opponent, Mitt Romney.
Even though the economy has improved somewhat in the past three years, the United States' situation remains dire: the poverty rate is at a historic high of 15 percent; middle class income is back to the 1995 level and wealth to 1983; the unemployed who find jobs end up with significantly lower pay than at their prior employment; and the combined local and federal government deficit at 9.5 percent of GDP and debt stock at 120 percent of GDP.
- Ruins of Urbanization
- In Friday's Papers: China, U.S. to Enhance Cooperation on Shale Gas; Wang Qishan 'May Only Serve Five Years'
- Fifth Chinese Artwork Sells for at Least 100 Mln Yuan in 2013
- Women and National Trauma in Late Imperial Chinese Literature
- The Chinese Art Book
- Evergrande Partners with Harvard to Build Hospital in China
- On Common Ground
- Mandela's Life
- Sina Corp., Investment Fund Management Firms Mull Net Sales
- Nationalists Pose a Problem for Two Nations
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- Yi Gang: China's Forward-Thinking Forex Chief
- As U.S. Refuses a Dirty Fuel, China Only Too Ready to Increase Imports
- Gov't Grapples with Shortage of Natural Gas
- Closer Look: The Battle Lines Are Drawn for Alibaba and Tencent
- Never Ladies of Leisure
- Tough Timing
- Coal Industry Finds Itself at a Crossroads
- Closer Look: Visit by Cameron Focuses on Trade and Investment
- Yi Gang: China's Man for Market Logic
- Caixin Explains: New Rules for IPOs Let Market Forces Do the Talking