Just over a year ago, as President Enrique Peña Nieto started his administration, the domestic and international press were touting “Mexico’s moment” and the rise of “the Aztec tiger.” Now, the naysayers have returned. Their pessimism stems in part from disappointing economic results: Mexico’s GDP growth has fallen, from nearly four percent in 2012 to around an estimated one percent in 2013.

Cubans awoke on Friday for the first time in half a century with the right to buy new and used vehicles from the state without special permission, but price markups of 400 percent or more quickly dashed most people's expectations. A new Kia Rio hatchback that starts at $13,600 in the United States sells for $42,000 in Havana, while a fresh-off-the-lot Peugeot 508 family car, the most luxurious of which lists for the equivalent of about $53,000 in the U.K., will set one back a cool $262,000.

2014 has already arrived in the People's Republic of China and, while the occasion is celebrated far less there than here in the United States, China's 1.3 billion people will enjoy a public holiday on January 1st. Following a busy, intriguing 2013, the break is welcome: The first year of Xi Jinping's stewardship was an eventful one in the country, and as 2014 begins China faces a number of issues that, in the aggregate, pose a threat to the country's stability.

China's leaders bowed three times before a statue of Mao Zedong on the 120th anniversary of his birth Thursday in carefully controlled celebrations that also sought to uphold the market-style reforms he would have opposed. The approach underscores the delicate balancing act the Communist Party leadership — installed last year — has to perform in managing perceptions of Mao's legacy.

The Third Plenary Session of the 18th Central Committee of the Chinese Communist Party (CCP) closed mid-November, but it still keeps China-watchers awake. Foreign analysts were rather underwhelmed by the immediate outcomes: a bland, boilerplate communique issued on November 12.

In his 2009 book, “The Next 100 Years,” George Friedman, the founder of Stratfor, wrote that by the end of the century Mexico will be the main power challenging the U.S. With $500 billion in trade with the U.S. (up from $75 billion two decades ago), with Mexicans spending twice as much on U.S. products as the Chinese, with over 33 million U.S. residents of Mexican origin, with the most frequently crossed international border in the world, it would be irresponsible to wait until the end of the century to pay attention to Mexico.

The Catholic Church’s crisis in clergy child sexual abuse is rooted in a de facto immunity enjoyed by bishops and cardinals, regardless of their negligence. The soft-glove approach to accountability by John Paul II and Benedict XVI stemmed from a theological concept, apostolic succession, which sees every bishop as a spiritual descendant of Jesus’s apostles. Somewhere along the way, apostolic succession erased the memory of Judas, the betrayer.

Russian President Vladimir Putin has had a good run over the past few months. Edward Snowden, the former NSA contractor, landed on his doorstep, a gift from the PR gods. Agreement on Syria went from no chance to golden opportunity in the course of one afternoon. Forbes dubbed Putin the most powerful man in the world. Yet all these successes obscure a basic fact: Russia is running out of money.