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Bernanke’s personal crossroads

US Federal Reserve chairman Ben Bernanke, following a series of interest rate cuts to head off the credit crisis, stands at a critical career juncture. Should he now pursue genuine and widespread reforms or mere reappointment? Put another way, does he want a place in history alongside predecessor Paul Volcker or cheek by jowl with the unlamented Arthur Burns? - Peter Morici

China’s inflation has long-term risks

Concern in China over rising inflation is justified, given the potential it can have for creating social unrest. Yet failure to recognize the core causes of higher prices, and whether these are imported from the global economy, may lead to the wrong decisions being made and unsought consequences.

Silvio il Magnifico?

A man at the pinnacle of wealth and power, yet a politician almost by accident. Cosimo de Medici, billionaire banker and lord of quattrocento Florence? No. Thaksin Shinawatra, billionaire owner of Manchester City soccer club and former prime minister of Thailand? No. Silvio Berlusconi, billionaire owner of AC Milan soccer club and prime minister of Italy? Yes. Cosimo proved that wealth combined with power can achieve great things - in his case, nothing less than the Italian Renaissance. Berlusconi has a hard act to follow. - Francesco Sisci (Apr 30, '08)

Growing pains for India’s milk banks

Despite the vital service human milk banks provide in India, their popularity has been soured by the rise of formulas and concerns about virus transmission. Nor is India's over-stretched health sector doing much to promote or sustain new milk banks, despite their proven lifesaving qualities. - Neeta Lal (Apr 30, '08)

Myanmar’s spoiled vote for democracy

For the first time since 1990, voters in Myanmar will go to the polls for a national referendum on a new constitution. The ruling military junta has promised that the vote will be transparent, fair and systematic. Political opposition groups and diplomats are concerned the results could easily be rigged in the military's favor. - Larry Jagan (Apr 30, ' 08)

Iran-US talks await new leadership era

It is unlikely that either the George W Bush administration or hardliners in Tehran will initiate serious bilateral talks prior to the US presidential elections in November. The prospect of dialogue with Iran seems plausible after the vote, but only if the next US president is willing to risk strengthening President Mahmud Ahmadinejad's hand before Iran's 2009 presidential polls. (Apr 30, '08

US’s Pakistan policy under fire

Appeals are growing in the United States for the George W Bush administration to reassess its "war on terror" and Pakistan's place in it. In particular, US policymakers are being asked to place more confidence in Islamabad's plans to make deals with tribal leaders, even though these play into the hands of the Taliban. - Jim Lobe (Apr 30, '08)

Push comes to shove in Afghanistan

In his latest assessment, US President George W Bush admits it's going to be a "long struggle" in Afghanistan (this after seven years of fighting the Taliban). US Marines, fresh in the country, are venturing into uncharted territory, while more coalition troops are being deployed. For the Taliban, having made space for themselves in their strategic backyard in Pakistan through dubious peace deals, a new battle has now begun. - Syed Saleem Shahzad (Apr 30, '08)

Hard Sleeper

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Google China Self-Censors Carrefour

From Google Blogoscoped: Many Chinese are currently reportedly angered at France for an attack against a wheelchair-bound Olympic torch bearer that took place in France, as well as Paris awarding honorary citizenship to the current Dalai Lama of the Tibetan Buddhists... so some people in China wanted to boycott French hypermarket ...

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