There has been a remarkable degree of cooperation between Washington and Beijing with respect to research on the radioactive chemical element thorium, a potentially important future source of safer nuclear energy. The U.S. appears to have given away the farm to China in terms of its previously world-leading thorium research as a part of a risky strategy to push the steep costs of further thorium development onto China in the belief that the U.S. can catch up when thorium’s commercial viability has been reached.
Putting the Dollar on Steroids: Chinese Currency Intervention
by Joseph Cox When China passed Japan to become the world’s second largest economy this summer, (i) the United States seemed resigned to its fate as a global also-ran. While China has only one-tenth of the U.S. GDP per capita, the U.S. unemployment rate (9.6%) hovers just below China’s GDP growth rate (10.3%), making the future […]