To combat the economic malaise, the Obama administration is bending over backward to encourage companies to create jobs in America. So why is the White House - and the Congress - challenging Huawei, a high-tech firm eager to invest and compete in the U.S. market? 

As we enter the fall of 2011, three years after the Lehman Brothers crisis, Europe and the United States are teetering on the brink of another, potentially more serious, systemic crisis.

With consumer confidence shaky, business facing much uncertainty, and government spending constrained, it is entirely reasonable to look abroad for growth. But the picture will be clearer if one removes the rose-colored glasses.

Ample mutual misunderstanding exists between the United States and China in their economic arguments. There is likely to be an important race between economic and demographic forces that will naturally redress the imbalances and the political imperatives for each country to stand tough and fight.

Europe's debt crisis has the very real potential not only to inflict a severe blow to the European economy but also to derail the fragile US economic recovery.

If you look at the U.S. budget trajectory with an eye on the lessons from Japan's recent history, there's a strong case that the U.S. rating should be cut immediately.

Should IMF-style austerity programmes result in anything like the collapse of the Latvian economy in Europe's periphery, it would render the continued servicing of the periphery's debt well nigh impossible.

For its own sake and for that of the euro's viability, Spain needs to learn from Ireland's sorry tale.