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China Moving Toward Superpower Status via Intellectual Property Rights
When a Beijing court recently ordered three China automakers to pay more than $3 million in aggregate damages for allegedly selling a knockoff of an upscale German tour bus, it underscored that China is getting serious about intellectual property theft – one of the next major steps the Red Dragon needs to make as it evolves into a true global economic superpower.
Intellectual-property theft not only remains a major problem in the world markets – it actually seems to be escalating. And many of the worst offenders continue to operate in the Asia-Pacific Region.
Take software. Software piracy in this part…
4Jun2009 | Money Morning | 0 comments | ContinuedU.S. Global Superpower or Destined Pipsqueek?
There is an old Wall Street adage that no one rings a bell at major market tops or market bottoms. That may be true in normal times, but as many have noticed, we are now completely through the looking glass.
In this parallel reality, U.S. Federal Reserve Chairman Ben S. Bernanke has just rung the loudest bell ever heard in the foreign-exchange and government-debt markets. Investors who ignore the clanging do so at their own peril. The bell’s reverberations will be felt by everyday Americans, whose lives are about to change in ways few can imagine.
While nearly every facet of America’s…
26Mar2009 | Money Morning | 0 comments | ContinuedUnited States to the World: Be Careful What You Wish For
Do you hear the calls for a challenge to U.S. power? It is everywhere these days. Now that the Soviet Cold War threat has dissolved, who needs the United States to fend off the bullies in the global playground. Those who believe that economic prosperity and life will continue to be merry without U.S. leadership may want to think again. Better yet, can the global economy afford to exist without direction and leadership in general?
Let’s say the U.S. were to gradually lose power and influence to the point where nations either scrambled to defend themselves or formed alliances in…
29Apr2008 | S. Oakes | 1 comment | Continued
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