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The Heavenly Palace, the first module in China’s permanent space station, will be launched next year, a senior aerospace official confirmed Wednesday.

a crew of three taikonauts

Aerospace experts and military officials say the Chinese military space program has made major advancements in recent years, notably when it tested an antisatellite system in 2007, using a ballistic missile to shoot down one of its own weather satellites 540 miles up

Economic crisis, mounting national debt, excessive foreign commitments -- this is no way to run an empire. America needs serious strategic counseling. And fast. It has never been Rome, and to adopt its strategies no -- its ruthless expansion of empire, domination of foreign peoples, and bone-crushing brand of total war -- would only hasten America's decline. Better instead to look to the empire's eastern incarnation: Byzantium, which outlasted its Roman predecessor by eight centuries. It is the lessons of Byzantine grand strategy that America must rediscover today.

The American military remains an especially globetrotting enterprise, largely impervious to political and economic hiccups, and immune to President Obama’s best efforts to squeeze it.

Unlike the Soviets, who had the good grace to implode pretty much alone, collapse of the United States could bring down the international capitalist system along with it.

Globalisation has drastically tilted the balance of the struggle between labour and management in favour of trans-national corporations. In the US, the result has been five decades of falling median wages. (Total wages, on the other hand, have soared, with the rich and superrich raking in more than ever.) Easy credit provided a Band-Aid to rising income equality during the 1980s and 1990s. When the housing bubble burst and the credit markets froze in 2008, American consumers - who drive 70 per cent of economic activity - went from feeling poor to being poor. Un- and underemployed, they couldn't earn money. Their credit lines cancelled and curtailed, they couldn't borrow it. Forced to live within their increasingly limited means, the formerly middle class stopped spending. And here we are. Gross domestic product would have to be at least 4 per cent on an annualised basis to start to bring down unemployment. The actual figure is 0.8.

Everywhere you look, there's terror that the world, by tethering itself to the once-invincible US monolith, has handcuffed itself to a fat, drowning man—one who's about to suffer another heart attack. The central bank of China, the communist-in-name-only nation that holds $2tn in its foreign exchange reserves—more than two-thirds of the total—plus $1.2tn in US Treasury bonds and notes, is loudly demanding that the US cut its deficits.