China may soon be the largest economy in the world. It has always had those things required to be a giant on the world stage: industrious people culturally given to thrift, a large nation with diverse climatic conditions, and a huge population. As Dr. Thomas Sowell has pointed out in his brilliant studies of ethnic characteristics, throughout Asia the Chinese people have been the most financially successful.

Outrage is mounting around the world against United Nations “peace-keeping” soldiers as sex-crime allegations, ranging from charges of rape and exploitation in Haiti to wide-spread sexual abuse of children in the Ivory Coast, have exploded into the headlines this week.

A rare abortion debate has been incited among lawmakers in Britain, who are now reconsidering the nation’s approach to abortion. The debate is focused on whether clinics that are paid to perform abortions should also be permitted to give advice to women who are unsure of how to handle unwanted pregnancies. Unfortunately, the proposal to provide alternative sources for pre-abortion counseling was rejected by Members of Parliament today.

Those who are hoping for a more optimistic report of the global economic future should probably not read on. According to a report released by the Union Bank of Switzerland entitled “Euro Break Up-The Consequences,” the death of the euro is inevitable and the long-term effects of such an event will potentially include civil war, the collapse of international trade and sovereign default.

The global economy is facing a meltdown, according to World Bank President Robert Zoellick. “We are moving into a dangerous period,” he told Bloomberg Television at a Singapore interview. The chances of an American recession are made increasingly likely by the danger of an economic implosion in the eurozone.

Affiliates and Friends

Social Media