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    Front Page
    
The second Rajai
The rise of Mahmud Ahmadinejad signals a major shift in power in Iran to second-generation revolutionaries. Clerical supremacists now have to contend with the first non-clerical president since Ali Rajai, who was assassinated in 1981. - Mahan Abedin
INCOMING! Iran's new president handed a nuclear confrontation

Iran's incoming president, Mahmud Ahmadinejad, will have to hit the ground running when he takes over on Wednesday. Tehran's decision to resume uranium-enrichment activities puts him on a collision course with the European Union, as well as with the hardliners who pull Iran's policy strings and who have ensured that Ahmadinejad's hot seat is very hot indeed. - Safa Haeri

SPENGLER
Death by secularism: The statistical evidence
Infertility is killing off the secular world, whose ideologies - socialism, positivism, and so forth - promised an unending vista of peace and prosperity. Statistical evidence strips secularism of its progressive mask and reveals the death's-head underneath.

Narita: An end to a 39-year battle
After decades of deaths and demonstrations, the fight between farmers and the government over land around Tokyo's Narita International Airport is finally over. Chalk it up as a victory for private property rights in Japan. But in the end, Japan's key airport comes up short. - Todd Crowell

US strikes out in Uzbekistan
The US has put on a brave face over Uzbekistan's decision to phase out a US military base in the country. But the move, which will be welcomed in Russia and China, will come at a cost. - Ramtanu Maitra

Mumbai counts the cost of deluge
Unchecked construction in Mumbai contributed to the death toll of more than 400 people in floods that also caused billions of dollars in damage. While money continues to flow toward projects to help Mumbai catch up with the likes of Shanghai, a fraction is spent on good infrastructure and drainage.

UN visit to Myanmar under scrutiny
A visit by the most senior UN official to Myanmar since pro-democracy leader Aung San Suu Kyi was placed under house arrest in 2003 has people wondering whether the visiting diplomat has more on his plate than humanitarian concerns.




China, US discuss their relationship
They're suspicious of one another by nature but next week the US and China will at least be sitting down to calmly reevaluate the sort of relationship they want. They share some common concerns and until a few months ago their ties were described as the best they had been in three decades. Then the yelling started, about currency, trade and defense issues: it's definitely time for a quiet chat. - Jing-dong Yuan

Entangled in terror's net
Under Western pressure, Pakistan has cast the net far and wide to round up suspected jihadis and other suspects in the "war on terror". The system is not perfect, though, and instead of eliminating the problem of extremism, it is actually making it worse. - Syed Saleem Shahzad

You're in the US Army now
The price is high for those who don't survive the battlegrounds, but foreigners, notably from India and the Philippines, are joining the US military in growing numbers as a fast track to obtaining American citizenship. - Siddharth Srivastava

A way out of the Korean standoff
Combine North Korea's belief in the value of holding at least some nuclear weapons with Chinese and South Korean reluctance to push the North to the brink by forcing it to disarm completely, and there is a basis for compromise over Pyongyang's nuclear program. Convincing the US might be the hardest part.


Why the Saudi envoy really went home
It's all relative when it comes to the Saudi royal pecking order. The resignation of the Saudi ambassador to Washington indicates ailing King Fahd is near his end, and now the family feud that is the country's bureaucracy is taking up positions. Watching with interest are the followers of Osama bin Laden. - John R Bradley (Jul 28, '05)

SPEAKING FREELY
The Buddha is smiling
Buddha, Laxman, Richard the Lionheart: they all took off on religious grounds and gained fame for their piety and service to religion. They also left behind wives and families to fend for themselves. So, too, did the London suicide bombers. - Bhaskar Dasgupta (Jul 28, '05)

Rumsfeld makes it to first base
US Defense Secretary Donald Rumsfeld has secured the US's continued use of a key military base in Kyrgyzstan, heading off a challenge from a Central Asian grouping that includes Russia and China. The game is far from over, though. -
Sudha Ramachandran (Jul 27, '05)

Indian police get mobile over porn
Police in India, with an enthusiasm that itself borders on the illegal, are keeping a sharp eye on booming cell-phone porn: blame it all on sex siren Mallika Sherawat. - Siddharth Srivastava (Jul 27, '05)

THE COMING TRADE WAR, Part 4
Scarcity economics and overcapacity
The myth of scarcity is as old as the story of Adam and Eve, who were driven out of the garden of plentitude by a jealous god who, rather like today's wealthy capitalists, was bent on preserving his pre-eminence. But the myth is unsustainable, as even the concept of employment is becoming obsolete. - Henry C K Liu (Jul 27, '05)


Asia shining
It's estimated that Asia will command over 25% of world output by 2020, yet portfolio investors still underweight it. Few regions possess the scale, strength and potential of Asia as an emerging industrial and consumer market, and an ACNielsen study finds that Asian consumers are the world's most optimistic while Europeans and Americans maintain a firmly dismal economic outlook.

 
The best bet for businesses

 Leading in consumption


China's competitiveness
in a strong-yuan world

As the dust settles from the revaluation of the yuan, commentators are asking what the long-term effects on China's economy will be. Ultimately, the stronger currency will promote a shift from a low value-added, investment-driven economy to a high value-added, efficiency-driven one. - George Zhibin Gu

Multinationals relocating to smaller Chinese cities
Real estate consulting firm Jones Lang LaSalle has released the newest version of its China Industrial Guide, which notes that the high land and labor costs of China's key cities are forcing multinational companies to move their industrial facilities to second-tier areas farther inland.

DAILY FOREX COMMENTARY

The relative price action last week and Monday morning suggests that the better than expected economic news in Europe has trumped US good news. How far can this euro rally run? - Jack Crooks

Market Indices
Asian Markets Report

Business in Brief

 Economics  Infrastructure
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 IT  Autos
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ATol Specials

The Coming Trade War
An ongoing series
by Henry C K Liu

A series
by Henry C K Liu
 

Kim Comes Out
North Korea's nukes and what they mean

Sinoroving

Pepe Escobar in China

Money, Power and
Modern Art


A series by Henry C K Liu


Andre Gunder Frank on Uncle Sam and his shrinking dollar


By Pepe Escobar with photographs by Kevin Nortz

Nir Rosen goes inside the Iraqi resistance

   Islamism, fascism and terrorism
By Marc Erikson


Nir Rosen rides with the US 3rd Armored Cavalry in western Iraq

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