Europeans defy US, flag plans to join China-led Asian Infrastructure Investment Bank – Sydney Morning Herald

This story, first published in the FT, is now major news in Australia as well. The following excellent article (with video) from the Sydney Morning Herald is worth a read. Check it out!

via Europeans defy US, flag plans to join China-led Asian Infrastructure Investment Bank.

This story is important in its own right but also as an example of how President Obama has presided over weakened US geopolitical influence. The leaders of China and Russia have been turning against Obama for some time. What is now significant is that the list includes the UK, France, Germany, Italy and perhaps Australia.  My nightmare scenario is of an angry, lame-duck, Obama taking excessive risks, in his final period in office, testing the limits of US presidential authority.

Thoughts?

Disunited Kingdom: London in a world of its own – FT.com

The National Gallery, London.

The National Gallery, London. (Photo credit: Wikipedia)

Tower Bridge as viewed from the North-East nea...

Tower Bridge as viewed from the North-East near St Katherine Dock. This is a four-segment panorama taken by myself with a Canon 5D and 24-105mm f/4L lens. (Photo credit: Wikipedia)

This outstanding article is currently top of the FT’s  most read list. Check it!

via Disunited Kingdom: London in a world of its own – FT.com.

As a born and bred Londoner, I’m proud of my home city, although I have not lived there for twenty-five years. Many  times, I have returned to London after extended periods overseas and it always seems to both delight and disappoint at the same time. Perhaps, as a visitor I can see more clearly the changes?

London is one of the world’s great cities. But unfortunately, it is a city of extremes, as highlighted in the FT article. For ordinary working and middle class families, London has become almost prohibitively expensive – certainly for millennials. You probably need to be seriously wealthy  or have a very high income to appreciate the best of London.

Much as I love London, I’m generally glad to leave because of the pollution and sky-high prices. See in a related blog that Londoners are now likely to die prematurely because of poor air quality.

Let’s hope London does not become like Beijing.

Thoughts?

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