Naspers Ltd. , whose $32 million bet on Tencent Holdings Ltd. has swelled in value to more than $14 billion, aims to replicate that success by scouring emerging markets where the two companies are jointly the biggest Internet investors.
The Washington Post’s David Beard is maintaining a “roundup of vote irregularities." If you had no other information about U.S. politics but Beard’s list, you would know quite a lot about the state of the nation’s two major political parties in 2012.
The supercommittee’s failure to reach a substantial agreement this week is disappointing but unsurprising. The old model of politics, in which bipartisan agreement was the key to success, simply doesn’t work anymore. In the new model, there is almost no overlap in views across party lines, and government function requires either domination by one party (as was the case for much of President Barack Obama’s first two years in office) or more automatic decision-making (as I have suggested elsewhere).
Our political system is so plagued by polarization, it’s difficult to move any legislation forward. In the late 1960s, significant overlap existed in votes cast by the most conservative Democrats in Congress and those cast by the most liberal Republicans. (See accompanying chart: Polarization in Congress.) By the late 1980s, the common ground had diminished. Today, it has virtually disappeared.