China’s new leadership
Cheng Li, an expert on factions within Chinese Communist Party, analyzes the new ‘balance’ of power. Unlike the previous generation of leaders, it seems that consensus will be reached more easily, as 6 out 7 of the members of the top decision-making body are from the same faction.
A primer on fiscal cliff
With Obama reelected, the question of “fiscal cliff” is back to the spotlight. Here is a nice video introduction of the issue from WSJ: