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China as No. 1

In the 15th century, Venice was one of the world’s richest cities and ranked among the great powers because its navy controlled the Mediterranean and its merchants controlled the trade in goods, especially spices. Then Portuguese Captain Vasco da Gama arrived in India in 1498. By 1515, the Portuguese controlled the Straits of Hormuz, the […]

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Snowed Under

As the Labor Department reported employment falling last week — in the midst of what the White House is calling a strong economic recovery — Secretary of the Treasury John Snow traveled to Japan and China, where he and his request for more flexible exchange rates were buried beneath the treacly politeness Asia employs when […]

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