International

WTO Finds China Rare Earth Export Restrictions Found Unfair

"When the World Trade Organization ruled this week that China must again start exporting rare earth elements key to manufacturing high tech and defense products, traders and the markets that need the materials rejoiced. But less happy were the Chinese who claim complying will hurt the environment."

Source: Intl Business Times, 03/28/2014

"How to Lose an Energy War With Putin"

"Forget Glasnost, Mikhail Gorbachev and the arms race. What really broke the Soviet Union was the collapse of oil prices in the late 1980s. The late economist Yegor Gaidar, one of Boris Yeltsin’s prime ministers, wrote in 2007 that the empire’s fall could be traced back to Sept. 13, 1985, when Saudi Arabia, fed up with holding back supply to prop up prices, opened the spigots in a quest to recover lost market share. That day, he argued convincingly, was the beginning of the end."

Source: Politico, 03/24/2014

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