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June, 1, 2016

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Commentary > Reuters
In a dimly-lit Pyongyang toyshop packed with Mickey Mouse picture frames and plastic handguns, a basketball sells for 46,000 Korean People's Won -- close to US$500 at North Korea's centrally planned exchange rate.
 
When a political impasse last month pushed America to the brink of default, the Obama administration noted with apprehension that it had to borrow vast sums every Thursday.
 
Long determined to deprive Islamist groups of funding, Israel has unexpectedly hit the brakes in a U.S. court case centered on allegations that the Bank of China knowingly let cash flow to Palestinian militants.
 
To his critics, President Barack Obama often has seemed to be conveniently distant when trouble has hit his administration.
 
A walk along the two kilometers of light rail that Lagos authorities have managed to build in three years gives a sense of how hard it is to impose order on one of Africa's most chaotic cities.
 
Despite his win last week in a debt ceiling standoff with Republicans, President Barack Obama has limited ability to achieve his policy goals through legislation, which could result in increased use of executive powers, administration officials and Democratic strategists said.
 
The debt and budget crisis that gripped Washington was the story of a Republican Party at war with itself.
 
Consensus may be hard to find in Washington these days, but many corporate executives and economists seem to agree on one point: the biggest risk to the world's largest economy may be its own elected representatives.
 
A crackdown on corruption in China's infant milk formula sector has made sales representatives and hospital doctors fearful of talking to each other, putting a brake on marketing and possibly hitting revenue growth for foreign firms.
 
What is left for Europe's mainstream center-left?
 
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