Last week’s 70-minute reception of the Dalai Lama by President Obama has greatly increased the tensions between the US and China, apparently putting Hu Jintao’s planned trip to Washington in April in doubt.
Whilst it is hard to gauge what US policymakers hope to gain from supporting Dalai Lama, one thing is clear : God has [...]

Consider for a moment the following scenario. The leaders of Morocco, Tunisia, Algeria, Libya, Egypt and Sudan decide to create an African economic comunity. By putting aside their historical differences, they adopt the necessary institutional framework, prompting a boom in investment, exports and jobs. These developments attract resource-poor, cash-rich Britain. On the basis of its colonial past [...]

In the wake of the attacks on Greece, Portugal and Spain’s credit ratings, it is worth knowing how NY speculators - the same who provoked the 2007-2008 global financial crisis -  are now using rumour-mongering and the subsequent investor panic to turn a profit. Pitiful, but true.
In an editorial on the current debt crisis (”Cost of insuring debt is [...]

By now, the scenario employed against Greece, Portugal and Spain by New York-based international financial scoundrels is all too familiar to anyone who recalls the events of the 1997-98 Asian financial crisis. Then, as now, hedge funds targeted a country whose GDP was largely dependent on tourist dollars - Thailand - and had fiscal problems at the time. [...]

Last week’s Davos Economic Forum became a center stage for condemning casino capitalism in earnest. The most comprehensive critique came from French President Nicolas Sarkozy. His attacks on Wall Street bankers’ misdeeds and unreasonable bonus packages were combined with a call for the organisation of a second Bretton Woods conference. The stated objective was to [...]