
James A. Dorn
August 10th is a special event in the energy industry. It marks the tenth year since the famous Northeastern blackout plunged millions of people into total darkness. While some small pockets of the region escaped unscathed, the vast majority of the homes and businesses suffered some type of financial loss. The question is, ten years later, what have we learned?
There are many grand failures of U.S. foreign policy. Egypt has joined the pantheon, with Washington seemingly under attack by every faction in Cairo. Egypt long has been a national wreck. Its recent history featured rule by an indolent king and a leftish Arab nationalist. A couple of authoritarian generals followed. The economy was ruined by dirigisme economic plans, endless bureaucratic incompetence, and pervasive political corruption.
July 8th marked the official commencement of the much anticipated Transatlantic Trade and Investment Partnership negotiations in Washington, DC. An eventual agreement could eliminate tariffs and curb superfluous rules and regulations that impede commerce and raise costs for businesses and consumers in the world’s largest economies. Those prospects make the effort worthy of our attention and, possibly, our support. But one is clear: the negotiations are less about free trade than they are the latest rejection of its virtue.
SPECIAL REPORT—As the People’s Republic of China (PRC) has re-emerged onto the world stage in the first decade of the 21st century, its growing economic and political weight has captured the attention of business and political elites worldwide. And due to China’s intense focus on expanding and diversifying exports to spearhead the development of a country of more than 1.3 billion people, its actions have profoundly impacted countries around the world.
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