By Shingo Ito (AFP) – 55 minutes ago  TOKYO — Japan on Thursday hailed upbeat factory output numbers as a turning point for the beleaguered economy as Prime Minister Shinzo Abe’s new government strives to reverse the nation’s fortunes. Output rose by 2.5 percent in December from the previous month, boosted by brisk production of […]

The United States is the most competitive country in the world. We compete in sports, business, medicine, law, and academia — even religion. Everything, but globalization. Globalization is nothing more than a trade war with production looking for a country cheaper to produce. Our country was founded in a trade war (The Boston Tea Party) […]

What’s wrong with Tasmania, Australia’s freeloading state? For most Tasmanians a darker reality lies behind the seductive tourism brochures showcasing the state’s pristine wilderness, gourmet-magazine articles celebrating its burgeoning food culture, and newspaper stories gasping at a world-leading art museum. Tasmania ranks at the bottom among Australian states on virtually every dimension of economic, social, and […]

Company cash hoards in the main countries of the developed world are rising to an astounding $8tn — the annual GDP (gross domestic product) of the United States was $15tn in 2011 – – as a three decade process of rising capital and falling labour shares in economies is coupled with massive tax avoidance. US […]