Last month Secretary of State Hillary Clinton proclaimed, in an article for the Foreign Policy Magazine, ‘America’s Pacific Century’! This week, President Obama will be laying the foundation through a series of multilateral meetings involving Pacific Rim countries. He will start with the Asia-Pacific Economic Cooperation (APEC) meeting in Hawaii (Nov 12th-13th), and continue at […]
Global economic developments this year, along with the impact of safe-haven investment flows have led to the appreciation of the dollar in global markets, contributed to the high level of unemployment in the U.S. and increased the chances for a double-dip recession in America. All these developments have further highlighted the international tensions over exchange […]
An interesting find and a valuable place to look at images–BagNews features some provocative and informative photographers and their work. For example, an image they posted of the Japanese “sumimasen” (apology without end) in action: (photo: AFP/Getty. caption: Tokyo Electric Power Company (TEPCO) president Masataka Shimizu (C) and company executives bow to evacuees to apologise […]
The TARP covered banks across the nation The US government’s Troubled Asset Relief Program (TARP) was such a success that it not only saved America’s financial system, with the help of the Federal Reserve, it also saved the global economy AND turned a profit for the US taxpayer. It was almost three years ago, during […]
The Federal Reserve Board With right-wing Republican presidential candidates these days either calling for the Fed to be abolished (Ron Paul) or simply calling the nation’s central bank “treasonous” (Rick Perry), thinking citizens should at least be concerned about the Fed’s activities. I defended the Fed on this blog and still do. People who should […]
The Union of South American Nations Will the Union of South American Nations (Unasur) and its monetary fund, Banco del Sur, be successful? It has been difficult for emerging markets to diversify their sources of balance of payments (BOP) support. During the 1997-98 Asian crisis, the shame such Asian nations as Korea, Thailand, and Indonesia […]
The following post is an edited version of an article that appeared in the Jerusalem Post earlier this month by Pinchas Landau, author of The Landau Report, a newsletter and consultancy service addressing the needs of foreign firms and financial institutions active in Israel and the Middle East. “Domestic fury, and fierce civil strife Shall […]
With America’s latest market crash, the debt debate seems so ‘last week’ (hey, it was last week!), there is still much to learn from the tumultuous process. Niall Ferguson attempts to provide an outside perspective on the whole debt limit battle. It’s a pretty important outside perspective too; China: Viewed from Beijing, it looked very […]
The debt and deficit crises driving a 2000 point decline in US Markets over the last two weeks and a credit downgrade lies at the heart of the Western financial and political system goes way beyond the debt & deficit woes currently gripping the Western world; it strikes at the very heart of the way […]
For those who have been following the News Corp. scandal over the last few weeks, they have seen it get increasingly complicated. For those who haven’t been following it, they should. News Corp. controls a wide range of media-related ventures, from television to publishing to newspapers. These are entities that generally have a major influence […]
In the Republican-controlled House of Representatives, an idea once confined to the conservative ‘wingnut’ fringe of the Republican party has morphed into the party’s mainstream – the belief that intentionally allowing a Federal default on paying the National debt might be an acceptable price to pay to make a political point by forcing the Obama administration to assume ownership of a fiscal mess created by the previous Republican president.
THE ROAD TO DEAUVILLE, FRANCE 2011 G-8 SUMMIT: President Barack Obama arrives in Europe today beginning a six-day trip that seeks more resources to promote and support the pro-democracy movements in the Middle East’s Arab Spring, a trip to Ireland, an address before the British Parliament to “re-set’ US-European relations, and a G-* Summit in Deaville, Fr to discuss integrating Suub-Saharran Africa into the Global economic framework.
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