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NEWS ABOUT: globalization

Italians Protest English Words

Society not 'OK' with native speakers using Anglo shortcuts

(Newser) - One cultural institution is not "OK" with Italians speaking Anglitaliano, the BBC reports. "Weekend" and "OK" topped a list of least-favorite foreign words among visitors to the Dante Alighieri Society website. It shows Italians want more respect for their language, the group says. More »

SEC Wants US Firms to Switch to International Accounting

Multinationals would change first under plan

(Newser) - The Securities and Exchange Commission is planning to require US companies to switch to international accounting rules, the Wall Street Journal reports. The body voted today to seek public comment on a plan for the transition, which would stagger requirements. Large multinational firms would be expected to voluntarily switch in... More »

Saigon Buries War Past

Breakneck rush to development leaves high-rises in place of multi-tiered history

(Newser) - It looks like Saigon, “the Paris of the East,” can't wait to ditch its colorful culture and tumultuous history for a shining capitalist future, Peter Jon Lindberg writes in Travel + Leisure. Officially Ho Chi Minh City, the Vietnamese “cosmopolis,” 8 million strong, boasts the world's... More »

Why China's Rooting for Us

(Newser) - China hopes that its Olympic team will do the country proud—but many Chinese are openly rooting for US athletes. Why the love? Francesco Sisci, an Italian diplomat who lives there and whose wife is Chinese, writes in the Washington Post that the idea of "America," even with... More »

The Win-Win Economics of Medical Tourism

Growing trend of traveling for health care doesn't have to hurt anyone

(Newser) - The spread of “medical tourism”—uninsured and underinsured patients seeking cheap health care in Southeast Asia or Latin America—has fueled fears that developing nations will divert resources from state health systems caring for their own citizens. But, the Economist argues, “if governments make the best of... More »

Oil Costs Crimp Globalization

Biz 'goes local' to save transportation costs

(Newser) - The soaring cost of oil is taking a toll on globalization, pushing companies to save on transportation by producing materials closer to home, the New York Times reports. The search for cheap production had been key for many firms—but now oil prices, as well as stricter import rules and... More »

Obama Advisers Please the Right, But Not Much

Two 'pro-free-trade' centrists guide him, up to a point

(Newser) - If Barack Obama takes office, conservatives can take a small measure of comfort knowing that  two of his top economic advisers have generated angst on the left for being "centrist, pro-free-traders," writes Cesar Conda in the Weekly Standard. Austan Goolsbee and Jason Furman—the latter a Wal-Mart defender—... More »

'Globosclerosis' Has Paralyzed World Powers

Nations won't rise above parochial interests: Brooks

(Newser) - The collapse of the Doha round of trade talks this week was the first time since World War II that an effort to liberalize global commerce has failed. The talks went south not because they lacked support, writes David Brooks, but because Indian and Chinese politicians were afraid of antagonizing... More »

Obama's 'One World' Vision Too 'Radical': Bolton

Ex-ambassador takes exceptions to Democrat's globalism

(Newser) - Barack Obama’s Berlin speech seemed short on content, but actually revealed the senator’s radical globalist thinking, ex-UN ambassador John Bolton writes in the Los Angeles Times. Obama called himself a “citizen of the world,” and said the Berlin Wall fell because “the world stood as... More »

Sorry, Veterans, Vietnam Is Profitable Now

American companies move to Hanoi, reap benefits of communism

(Newser) - More expensive Chinese labor has American enterprises heading to Vietnam, moving Harold Meyerson to wonder, in the Washington Post, why 58,000 US soldiers died trying to defend democracy there. "American business, backed by the American government, has realized that the problem with communism wasn't that it was undemocratic... More »

Global Econ Puzzle Awaits New President

Kick-starting economy means looking abroad, write Goldman chiefs

(Newser) - Whether it's John McCain or Barack Obama, the next president will confront a global economic landscape unlike anything his predecessor confronted, write Robert Hormats and Jim O'Neill. In an op-ed for the Financial Times, the two Goldman Sachs executives explain that the new president's greatest challenge will be the rise... More »

US Companies Set Up Shop in Vietnam

As labor costs in China soar, manufacturers are moving on

(Newser) - Foreign manufacturers invested $83 billion in China last year, keeping it at the top of the list  of overseas producers. But a confluence of circumstances—high inflation, changing government policies, and, above all, rising wages—have led corporations to start looking elsewhere in Asia,  the New York Times reports.... More »

EU Convulses, the World Could Care Less

Time for the Union to get relevant, writes columnist

(Newser) - The EU has been wracked with self-doubt and indecision in the days since the Irish electorate voted down the Treaty of Lisbon. But watching the turmoil unfold from Beijing, Financial Times columnist Philip Stephens observes just how introverted the Union has become. At a critical moment in the history of... More »

US, UK Workers to Create First Trans-Atlantic Union

Steelworkers close to pact with huge guild in Britain

(Newser) - Workers from the US and UK are close to joining forces in what would be the first trans-Atlantic labor union, the Wall Street Journal reports. United Steelworkers is in talks with Britain’s Unite to create a 3-million-member group that would act as a single union in the US, Canada,... More »

Who Cares Who We Talk to?

The only way to revive US influence is to stop empowering our foes with oil dollars

(Newser) - Though politicians and pundits alike are caught up in which foes the US should or shouldn't be reaching out to, Thomas Friedman, in the New York Times, points out that few world leaders of any stripe are sitting by the phone waiting for our call. Waning American influence and the... More »

US Should Welcome New World Order

'Rise of the rest' good news for America, Zakaria argues

(Newser) - The age of American dominance is ending, and Americans should be fine with that, writes Fareed Zakaria in his new book The Post-American World. In an excerpt in Newsweek, Zakaria argues that America’s long-preached globalization gospel has produced a prosperous “post-American” landscape. “It is the rise of... More »

Globalization Gives Pols an Easy Villain

Stump talk against free trade ignores real jobs stealer: technology

(Newser) - The candidates can complain all they want about globalization killing American workplaces, David Brooks writes in the New York Times, but job losses “would be happening even if you tore up every free trade deal ever inked.” It's no mystery, he argues: "The chief force reshaping manufacturing... More »

Billionaire Pays $500K for 27 Bottles of Wine

Global economic downturn? What global economic downturn?

(Newser) - As the global economy falters, many people are fighting to make ends meet. And then there’s the Chinese billionaire who spent $500,000 for 27 bottles of wine today. The sale set a record for a single lot. “I don’t think he has bought this as an... More »

7 Deadly Sins? Try These On for Size

PJ O'Rourke disagrees with Vatican, comes up with his own no-nos

(Newser) - The Vatican has released a list of seven new Deadly Sins, and satirist-curmudgeon PJ O’Rourke isn’t impressed. Writing in the Weekly Standard, O’Rourke details the updated catalogue, which includes “morally debatable experimentation,” “social inequality and injustice,” and “genetic manipulation.” Finding it... More »

Troubled US off the Rails: Poll

81% say nation is chugging to grim future

(Newser) - The vast majority of Americans are pessimistic about the nation's future and believe the problem-plagued US is heading in the wrong direction. More than 80% believe that “things have seriously gotten off on the wrong track.” That's the highest dissatisfaction rate since the New York Times/CBS News poll... More »

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