Asia’s Game of Thrones turned in to a Game of Ports this week, after China attempted to hijack an Indian port development project in Iran. Tensions on the Korean peninsula could be easing, as North and South Korea agreed to sit down at the negotiating table. China had a couple of energy setbacks this week: first, one of its biggest wind turbine manufacturers announced the closing of four of its international subsidiaries, and then it was reported that China will likely fall woefully short of its self-imposed shale energy extraction targets.
There wasn’t much in the way of good news in Europe this week. Two high-profile Portugese ministers resigned in protest of austerity measures the country has been forced to endure for the past two years as a result its €78 billion bailout. Former French President Nicolas Sarkozy was booted from France’s most important constitutional body for overspending in the 2012 campaign, though allegations that Sarkozy accepted money from former Libyan dictator Muammar Gaddafi in his 2007 campaign are the more serious (though still unproven) of his campaign finance indiscretions. The EU finally voted to go ahead with a plan to “fix” its broken carbon market, but even if this new strategy is successful, the continent will lose. A governing party leader in Turkey blamed domestic unrest on the Jews, and though he denied the initial report, a video was released seeming to confirm that he spouted this ugly, delusional nonsense.
Thanks in part to cheap shale gas, Mexico is on the cusp of a manufacturing boom that could have it replacing China as the go-to maker-of-things. But shale isn’t just fueling North American economies, it’s displacing dirty-burning coal, and though many environmentalists might cringe to hear it, fracking ought to be considered “green.” But to keep up with our newfound glut of shale energy, the US needs to expand pipeline infrastructure; in the meantime, companies are getting creativity in bringing their product to market, and the oil shipping business is booming in the Gulf of Mexico.
Now that he is back from his
vacation diplomatic trip to Africa and has solved the crisis in Egypt, the hardest working president in history will be taking a well-earned rest at the Motel 6 in some out-of-the-way place called Martha’s Vineyard. While there he’ll be able to mix and mingle with normal, every day, middle class folks like you and me.
Needless to say whenever I wake up (which has been noonish for the past week) I will be watching the Zimmerman
train-wreck trial. The persecution rested on Friday so we get to see the defense try to poke holes in what seems like an air-tight case to the people at MSNBC.
What else is happening today?