THIS WEEK'S GLOBAL OUTLOOK

NEWS: This week’s global outlook reports on Obama’s Nobel Remarks, Copenhagen’s model for urban landscapes, Berlusconi’s attack, Iran’s trial of American Hikers, and Hong Kong’s move toward Localization. Click Read More for the full report.
The Weekly Outlook is an editorial briefing for wejetset’s online magazine. Each week we scan international news and aggregate the stories that will likely impact their respective region and possibly the world. From economic issues to politics, we strive to deliver news links that will be useful to our readers as they navigate their local and global spaces.


Obama has a tough road ahead. How will he navigate the criticism, scrutiny and unexpected challenges? If you missed his Noble Peace Prize speech, the NY Times has the transcripts posted online: “I receive this honor with deep gratitude and great humility. It is an award that speaks to our highest aspirations—that for all the cruelty and hardship of our world, we are not mere prisoners of fate. Our actions matter, and can bend history in the direction of justice.”

We’ve seen our fair share of bike friendly cities. None compete with Copenhagen. “The world is gathered in Copenhagen for the U.N. climate summit, but Denmark`s bicycle-friendly capital has also given its name to a movement of cities trying to find a kinder way to commute…”

Friend or Foe, it’s getting hot in Italy. Political divisions grow as Berlusconi comes under physical attack. “The prime minister remains hospitalized after being hit in the face with a statuette. His foes see him as the source of the country’s problems; his allies see him as the source of its solutions.”

American Hikers face espionage charges in Iranian court. As CNN reports: “Three American hikers held in Iran will be put on trial, Iranian Foreign Minister Manouchehr Mottaki told the country’s semi-official Fars News Agency on Monday.”

A trouble global economy is forcing a deglobalization. “The fact that China’s smart money is now looking inward and avoiding the sector that brought it so much growth in recent years highlights a new trend that is likely to continue and spread next year. For the past few decades, goods, services, and people have been whizzing around the world at ever-greater speeds and over ever-greater distances. The presumption was that this was the most efficient way to organize the globe’s economic affairs. But a backlash has set in, motivated by economics, politics, and the shift of wealth from West to East. As a result, it seems we are now experiencing a round of deglobalization.”

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