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Browsing Category
Political Economy
Are NATO expansion plans smart?
Now that Russia has finally gotten belligerent after many a provocation, one has to ask whether the U.S. NATO expansion plans have been wise. Basically, the U.S. has tried to offer every Eastern Bloc country it could safe harbor under NATO…
McCain and his anti-Russia rhetoric
I am sufficiently concerned about John McCain and his foreign policy creds to write a blurb about his anti-Russia rhetoric and its likely effect now that Russia is on a rampage in Georgia.My colleague Lisa Lerer, traveling with McCain,…
Interest rates, the pound and good news for Brits
In an environment where the U.S. Dollar is rising and everything is falling, one needs to pay attention to the fine details. For me, its in the UK and its 5% base interest rate.
Oil is now below $117 a barrel, so it stands to reason that…
Is Alan Greenspan self-serving?
In today's Financial Times, former U.S. Federal Reserve chairman Alan Greenspan has taken the unusual step of playing market pundit even while his successor struggles to deal with the mighty financial turmoil he engendered. It is highly…
Covered bonds: German Pfandbriefs are the new US solution
Hank Paulson, the U.S. Treasury Secretary has decided that the German Covered Bond is a solution to many of the woes of the U.S. housing market meltdown. He is backed by four large U.S. banks: Bank of America, Citigroup, JP Morgan Chase…
The divergence of US worker and corporate interests
In reading about profit increases of some U.S. multinationals due to robust overseas business and the weak dollar, while the U.S. economy faces a protracted downturn, it has occurred to me that the divergence between U.S. worker and…
Ron Paul on the Housing Bill
Ron Paul sounds off on the housing bill that was just passed. This bill has more problems associated with it than any bill we have seen enacted to counteract the economic downturn. The moral hazard, the lack of congressional oversight, and…
Security concerns create EU-US diplomatic row
America's security concerns due to terrorism are having unwanted side effects in relations with the EU. Handelsblatt, the German newspaper is reporting that visa requirements for some EU citizens is causing the EU to retaliate with visa…
Security concerns boomerang on the US
America's security concerns due to terrorism are having unwanted side effects in relations with the EU. Handelsblatt, the German newspaper is reporting that visa requirements for some EU citizens is causing the EU to retaliate with visa…
George W. Bush: “There is no question about it. Wall Street got drunk”
Talking about the financial markets and the housing mess, George W. Bush offered up these pearls of wisdom:"There is no question about it. Wall Street got drunk.... That’s one reason I asked you to turn off your TV cameras.... got drunk and…