Author Archives: lawac
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China is going through a third revolution, according to Elisabeth Economy of the Council on Foreign Relations – and it is a regressive one, she claims. Following the first revolution of 1949 under Mao that brought the communists to power, and the second revolution under Deng Xiaoping that started opening China’s economy up to the world in 1979, the current leader Xi Jinping has again overturned the system …
In Vladimir Putin’s Russia nobody believes anything is true, the government has 'weaponized distrust' and, said Yale history professor Timothy Snyder, the Kremlin systematically confronts the EU and the US because it distracts from the basic Russian problem which is too dark to mention: what will happen when Putin dies?
The trading relationship between the US and China is going to get worse before it gets better, said former Commerce Secretary Carlos Gutierrez, on the eve of high level meetings between US and Chinese officials in Beijing.
'India is a major world power, but many people still don’t know that,' said Alyssa Ayres, Senior Fellow of India, Pakistan and South Asia at the Council on Foreign Relations, at a LAWAC Global Café Breakfast.
The biggest difference between young Chinese millennials and their parents’ and grandparents’ generations is 'open-mindedness', according to Zak Dychtwald. In the last ten years, outbound tourism from the US has grown by some 30%, but in China over the same period it has grown by 622%. China is now the single largest outbound tourism market in the world, yet only 4% of Chinese have passports.
Africa may have some of the fastest growing economies in the world – with Ethiopia and Ghana predicted to grow by 8% this year – but the continent still needs much greater economic and political integration if it is to raise all its people out of poverty, said Dr Arkikana Chihombori-Quao, the African Union Ambassador to the US.
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The British public is beginning to swing against the decision to leave the EU, as decided in the July 2016 Brexit referendum, but veteran BBC correspondent Allan Little predicted that because of Britain’s political predicament there will be no official reconsideration and Brexit will happen next year.
Robert Reich compared the US today to the end of the Gilded Age in the late 1800s when he said the income inequality, corruption and monopolization are very similar. 'And yet,' he said, 'we snapped back in 1901 under the most unlikely President.'
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Treasury Secretary Steven Mnuchin gave an upbeat assessment of the state of the US economy and the anticipated effects of the recent tax bill at a lunch with the LA World Affairs Council on February 26th at the Beverly Wilshire Hotel. He didn’t go into much detail about how the country might pay for the tax cuts, beyond saying that the Trump administration has no plans to cut social welfare entitlements.
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