WASHINGTON – Last Thursday brought a bracing reminder of what a breath of fresh air Barack Obama can be. After news reports tallied up $18.4 billion in bonuses paid out to American financial executives last year – one in which Wall Street dragged down the rest of the economic world with its shocking failures – […]
ZImbabwe’s Power-Sharing Agreement Brings Hope
By Chipo Sithole in Harare (ZCR No. 178, 29-Jan-09) A ray of hope has been flickering in Zimbabwe amid the filth, disease and wasted lives since President Robert Mugabe’s ruling ZANU-PF party and the opposition Movement for Democratic Change, MDC, agreed on January 26 to share power, potentially ushering in the political stability critical for […]
Mumbai Aftermath: Will US sincerely sort this regional mess?
In the aftermath of Mumbai tragedy Saeed Minhas writes from Islamabad: Reading ‘the sovereignty dodge’ written by Robert Kagan of Carnegie Endowment for International Peace in The Washington Post, my mind had the flashes of the then secretary of state in the first Bush Jnr. administration Gen. (Retd) Colin Powel showing satellite pictures to the […]
Suspected U.S. strike in Pakistan kills 20 militants
SLAMABAD (Reuters) – Missiles from a suspected U.S. drone aircraft killed up to 20 militants in a Pakistani region on the Afghan border on Monday, officials said, hours before Afghan and Pakistani tribal and political leaders met to discuss peace. Violence has surged in both Afghanistan and Pakistan in recent months, raising fears about the […]
Price Stability versus Free Markets
My whole adult life economics has been dominated by the Thatcher/Reagan orthodoxy that unregulated markets combined with low taxes and monetary restraint will deliver prosperity to the greatest number of people. So it was rather sad to read The Economist’s lead column this week announcing the death of capitalism. When the stalwarts of free markets doubt the […]
Presidential Debate Rewind; What The Candidates Should Have Said
Friday night’s debate was a general disappointment. Neither candidate came across as having a firm grip on the future of the nation. When asked about the bail-out, the candidates should have stated the obvious; no one understands the bail-out. Virtually no one watching Friday’s debate knows how it will work and who will benefit in the end. These […]
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