This report was published by The Economist on 4/17/2009. It was put together by The Economist " intelligence unit ".....
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Showing posts with label us economy. Show all posts
Showing posts with label us economy. Show all posts
Saturday, April 25, 2009
Monday, November 17, 2008
Robert Reich Should be on the List for Treasury Secretary.
Robert Reich was a Secretary of Labor in the Clinton administration. He saw the current crisis coming before, just about everyone else(Except Paul Krugman). In his book: " Supercapitalism " he explains the great risks of a de-regulated " free market" and explores the irrational exuberance of Wall Street.He would be great in the Cabinet for Treasury.
Note: Sorry about the link error, to read more click on the post title. It will take you to Robert Reich's blog main address. Thanks.
read more | digg story
Note: Sorry about the link error, to read more click on the post title. It will take you to Robert Reich's blog main address. Thanks.
read more | digg story
Thursday, September 11, 2008
Lehman survival questioned on scramble to sell assets
NEW YORK (Reuters) - Lehman Brothers survival was called into question as its chief executive scrambled to sell assets to cover losses from toxic real estate investments, sending shares down as much as 46%. The Feds could step in to arrange a sale.Once again bailing out big institutions and leaving us to pick up the tab.
read more | digg story
read more | digg story
Monday, August 18, 2008
Freddie and Fannie back in the news.
And it is not good. It seems that a bailout by the Fed is in the very near forecast. Prepare your check book and get ready for a bumpy ride. Could this turn of events bankrupt the US economy?
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read more digg story
Sunday, July 27, 2008
How are we doing on the " war on terror"?
The 7th anniversary of 9/11 is right around the corner. Nobody can contest that the tragedy was the defining moment of the Bush administration, it was at the very core of most decisions made from the wars in Afghanistan & Iraq to the Patriot Act and the massive spying on American people.
One would argue that it made the Bush administration into a horse with blinders, narrowly focused on only one goal: Make sure an event like 9/11 would never happened again.
The fact that we did not have a terrorist attack will become the key argument for McCain in November. You can count on his campaign, the GOP, FOX news and all the usual suspects in the art of spinning fiction into reality to make it the corner stone of his presidential bid. They will build up on fear and paranoia to convince American people that only " McCain can keep America safe".
However, what Americans should keep in mind, before they cast their ballots in November, is the dramatic increase of terrorism world wide. Today a bomb exploded in Istanbul, yesterday it was a few in India.....people barely pay attention to it unless it is very deadly or completely original in its technical execution. It has sadly become a way of life in most countries on the planet. Some governments in Europe are considering terrorism more a policing issue as opposed to a problem that can be handled by military force alone.
It is also very hard to fight a " war " against an enemy that is not clearly identified. In our case of the so called " war on terror ", we are dealing with threats that are polymorphic and shift constantly from one part of the globe to another. The Bush administration has being claiming for years that " Iraq is the center of the war on terror"; of course it wasn't the case before the US invasion but did become one for a while. It appears that, right now, the real " hot spot " is again Afghanistan and could become sooner than later Pakistan.
The critical question here is this: Assuming that the " war on terror" can have an end-game , are we winning it? The goal of the attack of 9/11 by Osama Bin Laden and his Al Qaeda organization was to set up the 1st phase in an elaborate psychological warfare. It seems likely that Bin Laden knew a swift retaliation would come from the US and NATO in the form of an invasion of Afghanistan. Bin Laden couldn't predict the invasion of Iraq, but it became quickly an opportunity for him to get America trapped in a very costly quagmire.
The real objective of Bin Laden and his associates was an attack on America' s economy....this is probably why he picked the World Trade Center towers to be the first targets, for the symbolic aspect of it. The current crisis of the US and Europe's economy can be linked to two wars with a price tag of 1 trillion. We have our " war on terror ", the global terror originated by Al Qaeda is a war on the world's economy and prosperity. At this juncture, it is hard to tell who is winning.
One would argue that it made the Bush administration into a horse with blinders, narrowly focused on only one goal: Make sure an event like 9/11 would never happened again.
The fact that we did not have a terrorist attack will become the key argument for McCain in November. You can count on his campaign, the GOP, FOX news and all the usual suspects in the art of spinning fiction into reality to make it the corner stone of his presidential bid. They will build up on fear and paranoia to convince American people that only " McCain can keep America safe".
However, what Americans should keep in mind, before they cast their ballots in November, is the dramatic increase of terrorism world wide. Today a bomb exploded in Istanbul, yesterday it was a few in India.....people barely pay attention to it unless it is very deadly or completely original in its technical execution. It has sadly become a way of life in most countries on the planet. Some governments in Europe are considering terrorism more a policing issue as opposed to a problem that can be handled by military force alone.
It is also very hard to fight a " war " against an enemy that is not clearly identified. In our case of the so called " war on terror ", we are dealing with threats that are polymorphic and shift constantly from one part of the globe to another. The Bush administration has being claiming for years that " Iraq is the center of the war on terror"; of course it wasn't the case before the US invasion but did become one for a while. It appears that, right now, the real " hot spot " is again Afghanistan and could become sooner than later Pakistan.
The critical question here is this: Assuming that the " war on terror" can have an end-game , are we winning it? The goal of the attack of 9/11 by Osama Bin Laden and his Al Qaeda organization was to set up the 1st phase in an elaborate psychological warfare. It seems likely that Bin Laden knew a swift retaliation would come from the US and NATO in the form of an invasion of Afghanistan. Bin Laden couldn't predict the invasion of Iraq, but it became quickly an opportunity for him to get America trapped in a very costly quagmire.
The real objective of Bin Laden and his associates was an attack on America' s economy....this is probably why he picked the World Trade Center towers to be the first targets, for the symbolic aspect of it. The current crisis of the US and Europe's economy can be linked to two wars with a price tag of 1 trillion. We have our " war on terror ", the global terror originated by Al Qaeda is a war on the world's economy and prosperity. At this juncture, it is hard to tell who is winning.
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