The triple disasters of March 2011 – earthquake, tsunami, and nuclear contamination – offered a stark depiction of Japan’s strengths and weaknesses to the world and perhaps to the Japanese themselves.
How much more “emerging” have the emerging markets left to do? Probably not much, given the vast amount of capital and hope invested in the asset class already.
Serious sport, according to George Orwell, is war minus the shooting. In the words of Bill Shankly, legendary manager of Liverpool F.C., football is not a matter of life and death; it’s much more important than that.
You are a little-known politician who has stirred the public with promises of change. You win a thumping elec-toral victory. You succeed a tired and discredited administration whose policies helped create the worst economic crisis in decades. And then your problems start: The vested interests won’t give an inch. People seem unsure of what kind of change they want, or if they want any at all. The economy is still in bad shape, and now you are getting the blame.