The 2010 Year In Review – Volume 1
It may be the most creative way to quit a job in American history.
A baby had been crying since take-off. Two female passengers had been fighting about overhead bin space since boarding in Pittsburgh. As soon as the Jet Blue plane touched down at JFK, one of the women hopped up to grab her bag. Never mind that the fasten seatbelt sign was on. Never mind that flight attendant Steven Slater had repeatedly told her to wait until the plane taxied into the gate. She told him to go sleep with himself and whipped out her suitcase, accidentally whacking him in the forehead. And that’s when Steven Slater lost it.
A Chinese Communiqué Via North Korea?
Those of you too young to remember the Cold War may not appreciate the subtleties of the dance involving North and South Korea, China and the United States. It’s a form of communication where superpowers express their positions through the actions of surrogates rather than diplomatic channels. If this is a return to Cold War communication, it would indicate that China used its proxy, North Korea, to send a message of discontent to the United States when they fired an artillery barrage on Yeonpyeong Island.
China’s unhappiness is understandable. After enjoying near double-digit GDP growth every year since 1994, there are signs that the Obama administration is intent on leveling the playing field. With its citizens demanding an ever higher standard of living, a cooling of China’s red-hot economy could galvanize its labor movement and lead to major and sustained political strife. It’s important to understand the dynamics that’s led to the expansion of the Chinese economy in order to appreciate what’s at stake.