Merrill Lynch forecasts blue skies for Pakistan's economy

ISLAMABAD: Merrill Lynch has forecast a Pakistan rebound and has advised investors to buy shares in the country, according to the International Herald Tribune.

China Botching

by Anthony Mitchell

Not since U.S. General Douglas MacArthur stumbled headlong into war with China on the Korean peninsula in 1950 has U.S. policy towards East Asia been so ill informed. Lessons from that period appear lost upon Americans now.

The first lesson was that the Chinese know us much better than we know them—or even what our best interests are. The second is that our initial responses to China are often inappropriate.