The Great Debate
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November 5th, 2009

Obama’s good war goes bad

Tags: General, rolfe winkler, , , , ,
In the protracted Washington debate over the war in Afghanistan, the most concise analysis comes from America's top soldier: "If we don't get a level of legitimacy and governance (there), then all the troops in the world aren't going to make any difference." Join Discussion

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November 5th, 2009
8:48 pm EST
I recall that the planning and training for the 9/11 attacks took place in Hamburg, Germany, and in the USA, respectively. Afghanistan was where Osama made video/audio tapes, and from there initiated wire transfers via a satellite phone. To assert that the US and its allies are in Afghanistan to "prevent another 9/11" is to call all of us idiots, and apathetic idiots at that. Now we are also told that we must fight in order to "send a message" about our resolve. I'm not sure why we are really still there, but given the available facts our leaders must either be idiots themselves, or liars, or both. And it speaks volumes about the American people.
-Posted by Richard
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November 6th, 2009

Getting to grips with the post-Cold War security threat

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In the 20 years since the Berlin Wall fell, there are far more sources of insecurity than there were during the Cold War. The uncertainty this generates means that crises are more recurrent and the nature of the potential crises we face is constantly evolving. Are we prepared? Join Discussion

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November 6th, 2009

Remembering the dead - or “poppy fascism”?

Tags: Great Debate UK, UK News, , , , ,
The Daily Mail wants all Premier League teams to wear a poppy on their shirts this weekend - are they right or just poppy fascists? Join Discussion

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November 5th, 2009

When firms “Too Big to Fail” fall

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In 2008, Wall Street fell from the dizzying heights of good fortune to calamity in a matter of months. To a large degree it's still to early to tell whether financiers and politicians involved made the right choices, writes New York Times reporter Andrew Ross Sorkin in a new book. Join Discussion

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November 5th, 2009

Defeats doom climate bill in ‘09

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Forget about Congress enacting climate change legislation this year. The defeats for Democratic Party gubernatorial candidates in Virginia and New Jersey on November 3 killed any lingering hope and may even doom the prospect of passing a cap-and-trade bill before the 2010 mid-term elections. Join Discussion

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November 4th, 2009

Is a bubble burbling in financial markets?

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If bubbles are a natural outcome of financial market activity it is relevant to ask whether the very loose fiscal and monetary policies of many central banks and governments are presently sowing the seeds of the next bubble. Join Discussion

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November 5th, 2009
12:44 am EST
Jane, since you assert that the demand for crude was flat while the price was rising, a plausible explanation would be that the whole production curve has been elevated to compensate the loss in US$ value. I think that conditions for spotting a bubble formation stages should be investigated in correlation with the level of affordability for the end consumer. The housing bubble was predicted 2 years in advance, based on this kind of approach. However, in repeated statements, Middle East suppliers were not shy spelling out that their comfort zone prices were between US$75 and US$80 when the barrel was hovering around US$60. In very short time, prices on the market have been elevated to a plateau of US$80, with no apparent changes in observable factors concurring in price formation. Therefore, what is the mechanism of translating a statement of desire into effective pricing in a market deemed free?
-Posted by M
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November 4th, 2009

Mickey’s Magic needed for Disneyland Shanghai

By: Wei Gu
Tags: General, , , , , , ,
China has finally given a green light for Disneyland to build a theme park in Shanghai. The approval looks like a coup for Walt Disney Co, but it will take all of Mickey's magic to prevent the park from becoming another government-financed loss maker. Join Discussion

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November 4th, 2009

China must avoid a Japanese-style bubble

By: Wei Gu
Tags: General, , , , ,
Everyone agrees that China's economy must be rebalanced, but few have bothered to delve into the costs. Japan's experience has shown that even well-meant changes could sow the seeds for a bubble. Join Discussion

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November 3rd, 2009

Narrow banking: reforms for the future

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Economist John Kay argues in "Narrow Banking: the reform of banking legislation" that the financial services industry should be restructured to ensure that regulation focuses on the interests of the public. Join Discussion

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November 3rd, 2009
10:34 pm EST
In some ways, it seems we've already been subject to narrow banking: narrow-minded banking, at any rate. The banks have had the best of both worlds. While times were good, they proclaimed that government intervention in the markets was tantamount to communism, but as soon as times turned tough, government intervention was greedily welcomed. Consumers still face outrageous fees, service and overdraft charges. We are constantly advised that Chancellor Darling and PM Brown will rein in the banks, but what's stopping them from doing that now?
-Posted by Londonia
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November 5th, 2009

Look out for emerging markets inflation

Tags: General, , , , ,
Emerging markets could be the first to suffer destabilizing inflation, courtesy of a strong economic rebound, a weak dollar and extremely loose monetary policy in the developed world. Join Discussion