The leader on globalisation in The Economist, as expected, provides a stirring summary of the benefits and urgency of further globalisation, despite growing opposition. It contains this gem:

a bill before Congress devised by one of New York's senators, Charles Schumer, threatens a 27.5% tariff on imports from China if that country does not revalue its currency by an equivalent amount. In Mr Schumer's view, presumably, far too many Chinese peasants are escaping poverty.