For fans of Casablanca, Google's encounter with the Chinese government may be reminiscent of Police Captain Renault, who claimed to be 'shocked, shocked!' that gambling was going on inside Rick's casino.&
The Diplomat spoke recently with APEC Executive Director Michael Tay about the key economic challenges facing the region, next month's leaders' summit, and claims that international summits are simply talking shops.
Dalian, China - As the world looks hopefully to signs of economic recovery after a year of global financial turmoil and recession, many are turning toward China with renewed confidence, both as a potential investor and a promising new marketplace.
What happens if Australia's property market goes in a similar direction to that of the United States and, increasingly, the United Kingdom? The implications for the American and British banking systems have been far reaching with both economies in, or teetering on the edge of, recession. Will similar problems start to beset the Australian banking system and, by extension, the Australian economy?