Gordon Brown and Alistair Darling “have shown us the way through this financial crisis.” ++ The British Prime Minister and his officials lead the world in assessing the financial crisis and quickly enacting an apt solution. ++ The problem: lack of capital in the banking system; Brown’s solution: equity injections, a type of temporary nationalization, with the first commitment of funds coming to
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The rapid rise of China as an economic and industrial power has put new demands on Beijing’s energy policy, reports Erica Downs of Brookings. Once self-sufficient in oil, China is now the world’s third-highest oil importer, and energy security is a clear focus of China’s foreign and domestic policies. As Beijing tries to balance administrative and market mechanisms, there is a struggle to create
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