The Chinese leadership will face daunting challenges in the coming year
It is appropriate that the year began with the Tiger Mom and closed with an official indictment of the management of the Chinese high-speed rail program. The book ends of this year's China narrative capture the zeitgeist in 2011: the ever fiercer duels between the China bulls and bears. Yes, Amy Chua is American, but her story became instantly linked to the general competitive fears that Americans had about what appeared to be an unstoppable juggernaut -- perhaps one of the most overused nouns in describing China. From raising future Ivy Leaguers to clocking the fastest bullet trains, the Chinese can do it all and with exacting efficiency. It was a year in which many latched onto the China story, many more traveled to China for days or weeks and commented on it, and many used the country as a reflection of America's own debilitating dysfunctions. A "juggernaut" it may be, but China's size is also its curse. The country is no longer under the proprietary province of China specialists -- it is now subject to Saturday Night Live parodies and Gary Shteyngart's literary satire. For better or worse, 2011 saw the democratization of the China narrative.
This debate is due in large part a consequence of this democratization, leading to a proliferation of "takes" on China that make it difficult to separate the good from the bad. Each camp can marshal enough evidence to support their respective cases. To be sure, the China bulls had plenty of ammunition entering into 2011. China was the indisputable growth engine in the wake of the financial crisis, just as the Eurozone was lurching from fiscal to political crises and the U.S. faced abysmal employment figures. Formally assuming the #2 spot in the global economy, China took on some swagger. President Hu Jintao's January state visit in Washington was popularly viewed as a debt-collection exercise (call that the "SNL effect"). I recall watching Hu's motorcade, regaled in Chinese flags, descending Connecticut Avenue as a random passerby quipped, "you know what that means, he's gonna want his money back."
Of course, Hu wasn't asking for his money back and in fact continued to pile China's foreign exchange reserves into U.S. Treasuries as the export sector boomed amid a global downturn. Yet support for an export-led strategy had already waned and was clearly de-prioritized as Beijing finally unveiled its long-awaited 12th Five-Year Plan in March, as I have previously discussed. (Also see here, here, and here.) The rebalancing agenda incorporates a major effort to restructure China's energy landscape, including a commitment to nuclear energy. And so, despite initial concerns over the prospects of China's nuclear program in the immediate aftermath of the tragic Fukushima disaster, China never intended to ditch its ambitious program. The Chinese position lent some cheers for those hoping for a nuclear renaissance.
Things appeared rather swell, even as the perception on China began to shift. For the next several months, China was walloped by investor bears, who overwhelmed the bulls. Few were as colorful as investor guru Jim Chanos in describing China as running on a "treadmill to hell". But the compounded effect of stubbornly high inflation, a clampdown on the property sector, cleaning up the stimulus hangover, a deadly bullet train crash, and embarrassing discoveries of fraudulent Chinese IPOs all made China appear much more wobbly than many had thought. And all of this took place as the Arab Spring reached a crescendo, prompting the arrest of activist Ai Weiwei -- the Liu Xiaobo of 2011 -- and as the mood over Eurozone prospects grew darker than ever. "Pork prices," "ghost cities," "hard landing," "political repression," and "debt-laden local governments" became the watch words for the rest of the year.
So did the Beijing mandarins over-tighten as it was heading into a double dip because of Europe? In other words, was China repeating the mistakes of the 2007-08 period? For markets, China was the remaining leg in the tripod of global growth -- the other two being the U.S. and EU -- and any sputtering of its economic engine could prove disastrous. Beijing responded by signaling a looser fiscal and monetary policy to put a floor on growth, even as it is determined to keep the screws tight on the housing market to prevent another bout of irrational exuberance. Why? Because despite the preference for full-throttle growth by some, the Chinese public still ranked inflation and housing prices as top issues in 2011, according to a recent survey by an influential state think tank (h/t China Smack):
Indeed, nearly 60 percent of respondents believe that inflation was the #1 issue, while housing costs ranked #6. Healthcare and education costs, employment, social security, wealth gap, and corruption all made the top ten. These are largely bread-and-butter issues that have little to do with demanding Western-style political liberalization, though corruption and the income gap would require political solutions. What transpired in "Occupy Wukan" over the last month or so was not an urgent demand for democracy, but is emblematic of the worsening rural-urban divide and local government malfeasance. Wukan alone won't bring down the Chinese government, but the two structural maladies, if left untreated, could, not least because they have before.
That is precisely what the rebalancing agenda seeks to solve. It is meant to rescue the party-state from defeating itself by allowing these problems to fester. I think what I wrote in last year's wrap-up remains valid as we head into 2012:
...But the outstanding question remains whether China's leaders will pursue the right policies with the kind of urgency necessary. Major economic adjustments are usually never pleasant, and most leaders would prefer to minimize the pain on the largest swath of the population possible during that process. The Chinese are no different in this regard, but how much heavy-lifting can they tolerate?
Yu and a similarly reform-minded lot are advocating temerity over timidity, likely in a bid to influence the direction of debate as there are forces inevitably arrayed against them. Plenty of interests in China eschew these changes that will involve taking away some of their wealth, likely prompting a vigorous defense of the status quo...
To me, one of the biggest questions next year is whether China can create the necessary political conditions, amid one of the most important transitions in a decade, to forge ahead with its restructuring. With the anticipated slow down in growth and a shrinking export surplus, there appears to be an opportunity to steer the ship of state in a different direction. Yet with a political leadership still unsettled, I find it hard to be optimistic over the extent of progress next year. But I am fully open to being surprised.
Damien Ma is a fellow at the Paulson Institute, where he focuses on investment and policy programs, and on the Institute's research and think-tank activities. Previously, he was a lead China analyst at Eurasia Group, a political risk research and advisory firm.
In his first official White House briefing, Sean Spicer blasted journalists for “deliberately false reporting,” and made categorical claims about crowd-size at odds with the available evidence.
In his first appearance in the White House briefing room since President Trump’s inauguration, Press Secretary Sean Spicer delivered an indignant statement Saturday night condemning the media’s coverage of the inauguration crowd size, and accusing the press of “deliberately false reporting.”
Standing next to a video screen that showed the crowd from President Trump’s vantage point, Spicer insisted that media outlets had “intentionally framed” their photographs to minimize its size. After attacking journalists for sharing unofficial crowd-size estimates—“no one had numbers,” he said—he proceeded to offer a categorical claim of his own. “This was the largest audience ever to witness an inauguration, period, both in person and around the globe,” he said, visibly outraged. “These attempts to lessen the enthusiasm of the inauguration are shameful and wrong.”
Images of today’s marches in Washington, New York, Denver, Chicago, Boston, Los Angeles, Seattle, and from other cities in England, Ghana, France, Canada, Serbia, Australia, Kenya, Germany, India, and many more.
In Washington, DC, today, hundreds of thousands of protesters filled the streets in a demonstration called the Women’s March on DC, while even more marched in cities across the United States and around the world, one day after the inauguration of President Donald J. Trump. Larger-than-expected crowds of women and their allies raised their voices against the new administration, and in support of women's rights, health issues, equality, diversity and inclusion. Below are images of today’s marches in Washington, New York, Denver, Chicago, Boston, Los Angeles, Seattle, and from other cities in England, Ghana, France, Canada, Serbia, Australia, Kenya, Germany, India, and many more.
The Women’s March on Washington was a protest that also, in its own way, marked a peaceful transition of power.
Washington, D.C. — In the middle of the National Mall, on the same spot that had, the day before, hosted revelers for the inauguration of Donald Trump, a crowd of people protesting the new presidency spontaneously formed themselves into a circle. They grasped hands. They invited others in. “Join our circle!” one woman shouted, merrily, to a small group of passersby. They obliged. The expanse—a small spot of emptiness in a space otherwise teeming with people—got steadily larger, until it spanned nearly 100 feet across. If you happened to be flying directly above the Mall during the early afternoon of January 21, as the Women’s March on Washington was in full swing, you would have seen a throng of people—about half a million of them, according to the most recent estimates—punctuated, in the middle, by an ad-hoc little bullseye.
Most presidents view inaugural addresses as a rare opportunity to appeal beyond “the base.” This was base-only.
For my sins, I have read every U.S. presidential inaugural address ever given, and played a small part in writing one of them—Jimmy Carter’s, delivered 40 years ago today.
The first one I remember hearing, John F. Kennedy’s in 1961, I saw on a fuzzy black-and-white TV from my 7th-grade American history classroom in California. The arctic conditions that day in Washington practically radiated through the TV screen. I remember seeing the revered 87-year-old poet Robert Frost hunch against the wind and squint in the low-sun glare as he tried to read the special inaugural ode he had composed. Then Richard Nixon, just defeated by Kennedy in a hair’s-breadth race, reached across to block the glare with his top hat. Frost waved him off and began reciting from memory one of his best-known poems, “The Gift Outright.”
Narcissism, disagreeableness, grandiosity—a psychologist investigates how Trump’s extraordinary personality might shape his possible presidency.
In 2006, Donald Trump made plans to purchase the Menie Estate, near Aberdeen, Scotland, aiming to convert the dunes and grassland into a luxury golf resort. He and the estate’s owner, Tom Griffin, sat down to discuss the transaction at the Cock & Bull restaurant. Griffin recalls that Trump was a hard-nosed negotiator, reluctant to give in on even the tiniest details. But, as Michael D’Antonio writes in his recent biography of Trump, Never Enough, Griffin’s most vivid recollection of the evening pertains to the theatrics. It was as if the golden-haired guest sitting across the table were an actor playing a part on the London stage.
“It was Donald Trump playing Donald Trump,” Griffin observed. There was something unreal about it.
On Friday, hundreds of thousands of people made their way to downtown Washington, D.C., to celebrate the inauguration of Donald Trump. The next day, thousands more will make the same journey for the Women’s March on Washington.
In the days following both events, the press will report their total attendance. But how will journalists know how many people attended?
Crowd counters rely on a few methods. For the inauguration, they will likely use a single aerial photo of the crowd, captured by a helicopter or satellite. Experts will augment their knowledge of how many people can fit into a space with some “head-counting”—literally, going person by person.
This is how the estimate for the 2008 inauguration was reached. Stephen Doig, a professor at Arizona State University, consulted a satellite image released by the company DigitalGlobe and concluded that about 1.1 million people had watched the ceremonies from the National Mall. But the D.C. government, working off the same satellite image and the reports of federal and municipals employees, arrived at a much larger figure: 1.8 million.
Tens of thousands are expected to walk through the nation’s capital, while similar marches are held in cities around the country.
The Women’s March on Washington, a mobile protest organized in response to President Trump’s election, is under way in downtown Washington, D.C.
The event’s organizers are anticipating roughly 250,000 marchers, many of whom supported Hillary Clinton for president and are wary about the new administration’s policies towards women, as well as its approach toward the LGBT community, minorities, immigrant groups, and others. According to the march’s mission statement, participants aim to “send a bold message to our new government on their first day in office, and to the world, that women’s rights are human rights.” Six hundred similar marches are being held Saturday around the country. Others have been organized around the world.
Part of it depends on whether they believe personality is fixed or constantly changing.
It’s a question that often plagues people after a painful break-up: What went wrong? As they work to figure out the answer, people typically create new relationship stories, analyzing the events leading up to the breakup and using them to build a cohesive narrative. In some cases, this type of storytelling can be positive, helping people to make sense of—and come to terms with—painful things that happen to them. Other times, though, the storytelling process can be a negative one, compounding pain rather than easing it.
My colleague Carol Dweck and I research why some people are haunted by the ghosts of their romantic past, while others seem to move on from failed relationships with minimal difficulty. Over the course of our research, I’ve read hundreds of personal stories about the end of relationships, and these stories offer some clues as to what pushes a person into one group or the other.
A history of the first African American White House—and of what came next
In the waning days of President Barack Obama’s administration, he and his wife, Michelle, hosted a farewell party, the full import of which no one could then grasp. It was late October, Friday the 21st, and the president had spent many of the previous weeks, as he would spend the two subsequent weeks, campaigning for the Democratic presidential nominee, Hillary Clinton. Things were looking up. Polls in the crucial states of Virginia and Pennsylvania showed Clinton with solid advantages. The formidable GOP strongholds of Georgia and Texas were said to be under threat. The moment seemed to buoy Obama. He had been light on his feet in these last few weeks, cracking jokes at the expense of Republican opponents and laughing off hecklers. At a rally in Orlando on October 28, he greeted a student who would be introducing him by dancing toward her and then noting that the song playing over the loudspeakers—the Gap Band’s “Outstanding”—was older than she was.
The phrase used by President Trump has been linked to anti-Semitism during World War II.
President Trump’s speech Friday will go down as one of the shorter inaugural addresses, but it will also be remembered for its populist and often dark tone.
“From this day forward,” Trump said at one point, “it’s going to be only America first. America first.”
Trump appears to have first used the phrase last March in an interview with The New York Times when he denied he was an isolationist. “I’m not isolationist, but I am ‘America First,’” he said. “So I like the expression. I’m ‘America First.’”
Trump insisted publicly that he wrote his own speech, going as far as to tweet a picture of himself holding a pen and piece of paper in his hotel at Mar-A-Lago. But as The Wall Street Journalreported Friday, Trump’s speech was at least in part written by Steve Bannon and Stephen Miller, two of Trump’s senior advisers. Bannon, as has been widely reported, was previously CEO of Breitbart, the conservative news site that he’s described as a platform for the alt-right, a movement that combines elements of white nationalism and economic populism.