The landslide election of pro-business candidate Narendra Modi as India's new prime minister is likely to shake up that country's politics and jump-start its economy, but it could also have a big impact on the world economy and emerging markets

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President Obama ruefully returned from Asia. The Obama "pivot" to Asia from the Middle East was always a mysterious initiative. Why? What could it mean other than a provocation or threat to China? Yet his trip excluded China

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Any 'warfare' between China and the U.S. would involve an economic dynamic. China is heavily invested in the U.S. through debt bonds, and the Chinese are as reliant on the U.S. for exports as Americans are on China for its cheap foreign imports

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The good news is that Obama plans to create a lot of new jobs. The bad news is that those jobs will be in Asia. President Obama's trip to Asia revived debate about the Trans-Pacific Partnership trade agreement, the cornerstone of the pivot to Asia

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