In recent years, Chinese leader Xi Jinping has shown an impatient determination to resolve Taiwan’s status in a way his predecessors never did. He has ordered a meteoric military buildup, instructing Chinese forces to give him by 2027 a full range of options for unifying Taiwan. These signals are triggering debate in Washington and elsewhere about whether Taiwan is strategically and economically important enough to merit protection through the most challenging of contingencies. But make no mistake: whether one cares about the future of democracy in Asia or prefers to ponder only the cold math of realpolitik, Taiwan’s fate matters.

In the decades since it was first proposed, the initiative and the world around it have changed profoundly. Optimism and ambition for the BRI have been replaced by broken promises, cracked dams, and wrecked state treasuries throughout the emerging economies and trading partners who took a chance on Xi’s signature infrastructure and investment program.

Introduced as a means to fund much-needed infrastructure and connectivity, the BRI has imposed a staggering bill on the countries that signed up for it.

“In just one month, TikTok went from being considered a serious threat to Putin’s national support for the war to becoming another possible conduit for state propaganda,” said Giulia Giorgi, a researcher at Tracking Exposed, which has been studying the platform’s policies and actions in Russia since the invasion began in February. “Our findings show clearly how TikTok’s actions influenced that trajectory.”

Blaming America first became all too easy. After September 11, U.S. power was as overwhelming as it was uncontested. That it was squandered on two endless wars made it convenient to focus on America's sins, while underplaying Russia's and China's growing ambitions.

Today, the most brutal members of Autocracy Inc. don't much care if their countries are criticized, or by whom. The leaders of Myanmar don't really have any ideology beyond nationalism, self-enrichment, and the desire to remain in power. The leaders of Iran confidently discount the views of Western infidels. The leaders of Cuba and Venezuela dismiss the statements of foreigners on the grounds that they are "imperialists." The leaders of China have spent a decade disputing the human-rights language long used by international institutions, successfully convincing many people around the world that these "Western" concepts don't apply to them. Russia has gone beyond merely ignoring foreign criticism to outright mocking it.

The 342-page report warns of civil war, a humanitarian crisis or even war with China. That becomes an even more deadly concern because of the North’s chemical, biological and nuclear weapons.

The Pentagon has concluded that the time has come to prepare for war with China, and in a manner well beyond crafting the sort of contingency plans that are expected for wide a range of possible confrontations. It is a momentous conclusion that will shape the United States’ defense systems, force posture, and overall strategy for dealing with the economically and militarily resurgent China. Thus far, however, the military’s assessment of and preparations for the threat posed by China have not received the high level of review from elected civilian officials that such developments require. The start of a second Obama administration provides an opportunity for civilian authorities to live up to their obligations in this matter and to conduct a proper review of the United States’ China strategy and the military’s role in it.

According to reports in the Associated Press, the setting up of China's Confucius Peace Prize was intended to protest the 2010 Nobel Peace Prize award to Chinese dissident Liu Xiaobo.

This year will witness the third Confucius Peace Prize since its setup. However, the previous two award ceremonies of this prize didn't go very well. The laureates selected never showed up nor even cared about receiving such a prize.

Some observers saw the affair as a complete farce. The award was given to a terrified small child, supposed to represent Kuomintang Honorary Chairman Lien Chan at the first ceremony and two Russian hotties, supposed to represent Russian President Vladimir Putin, at the second, which just added to the entertainment value.

And I have bad news for the United States: Rebalancing won't be the relatively pain-free process some in Washington hope. Faced with an increasingly ugly bilateral trade deficit, many of the most senior U.S. officials -- including many who should know better -- have repeatedly called on the Chinese leadership to empower Chinese consumers to buy more Chinese-made products and to allow the renminbi, China's currency, to appreciate to help them afford it. The Foreign Policy Survey results reported here also suggest Washington is on solid ground: Nearly 100 percent of the leading economists consulted told the magazine they think the renminbi is undervalued.

But in reality it's hard to imagine a better example of "be careful what you wish for."

The dream was the country's driving force. It made Florida, Hollywood and the riches of Goldman Sachs possible, and it attracted millions of immigrants. Now, however, Americans are discovering that there are many directions that life can take, and at least one of them points downward. The conviction that stocks have always made everyone richer has become as much of a chimera in the United States as the belief that everyone has the right to own his own home, and then a bigger home, a second car and maybe even a yacht. But at some point, everything comes to an end.

The United States is a confused and fearful country in 2010. American companies are still world-class, but today Apple and Coca-Cola, Google and Microsoft are investing in Asia, where labor is cheap and markets are growing, and hardly at all in the United States. Some 47 percent of Americans don't believe that the America Dream is still realistic.