In China, the Recession Is Over — or Is It?
Listen to/Watch entire show:
China will soon pass Japan as the world's second largest economy, but it's not easy to cope with such rapid expansion. How long can the growth continue? Can the US and China afford to be adversaries or will global problems force an uneasy partnership? Also, the deadliest month since the war began in Afghanistan in 2001. On Reporter's Notebook, Majority Leader Harry Reid has put the public option back in the Senate's version of healthcare reform. We hear about liberal Democrats, moderate Democrats and Democrats in Nevada.
Banner image: Chinese investors monitor screens showing stock indexes at a trading house in Shanghai on October 9, 2009. Chinese shares closed up 4.76 percent catching up on gains in regional and other overseas markets. Photo: Philippe Lopez/AFP/Getty Images
Afghan Bombs Take the Lives of Eight More US Troops ()
Yesterday, 14 Americans were killed in helicopter crashes, the deadliest day in four years for the US in Afghanistan. Today, eight American soldiers were killed in multiple bomb attacks, making this the deadliest month since the war began in 2001. Anand Gopal is in Kabul for the Wall Street Journal.
- Anand Gopal: Correspondent, Wall Street Journal
In China, the Recession Is Over — or Is It? ()
With a massive government stimulus that's fueled a frenzy of building, China's economy grew by 8.9% in the third quarter, compared to the United States' 3.2%. But growth also means stock-market and real-estate bubbles, a shrinking private sector and a restive working class. Emphasis on manufacturing has created world-class pollution, and now China's trying to go green at the same time it builds coal plants and imports oil. Does China, holding 23% of America's debt, threaten this country's interests? Will global problems force the US and China to be partners as well as competitors?
- Deborah Seligsohn: Consultant, World Resources Institute
- Rana Foroohar: International Economics Editor, Newsweek, @RanaForoohar
- Minxin Pei: Adjunct Senior Associate of the China Program, Carnegie Endowment for International Peace
- David Lampton: Director of China Studies, Johns Hopkins University
Senator Harry Reid and the Public Option ()
Two weeks ago, Senate Majority Leader Harry Reid appeared to be dumping the so-called "public option" for healthcare reform to avoid alienating moderates in the Democratic Party. Yesterday, he made it part of the compromise bill he submitted for Senate debate, a concession to liberals. With 50 reporters on hand, when asked if he has the 60 votes needed, the Nevada Senator didn't answer. What about the Obama White House, Olympia Snowe and Reid's own chances of re-election? Dana Milbank writes the Washington Sketch column for the Washington Post.
Engage & Discuss
BROUGHT TO YOU BY