| Thursday, December 25, 2008
| Merkel makes a funny
|Okay, I know it's Christmas, but this one was too good to pass up. A joke from the German Chancellor:
With capitalist Washington forced to buy shares of major banks to stop them going bust after years of loose regulation, German Chancellor Angela Merkel, who grew up in Communist East Germany, was quoted in Focus magazine telling her Cabinet the following joke: "What's the difference between Communism and Capitalism? Answer: The Communists nationalised all the companies first -- and then ruined them."Any of you folks from out of town...?
Labels: economic crisis, global crises, the economy
|posted by JReid @ 3:28 PM
| Wednesday, September 17, 2008
| It only gets worse from here...
|The financial crisis continues to ripple across the globe this morning, from Moscow to London to New York City. Stocks took a dive this morning on Wall Street, even after the Fed agreed to bail out AIG, the nation's largest insurance company. The FDIC -- you know, the one that insures the money you have in the bank, up to $100,000? It's running short of cash, meaning that, in the AP's words, "the taxpayer may be the lender of last resort."
Meanwhile, maybe Sarah Palin can get on this right away: Russia is threatening to seize part of the oil-rich Arctic. Yep. Seize it.
And last but not least, no, Gerald Warner, it's not just you...
Labels: global crises, Sarah Palin, the Bush recession, the McCain-Bush economy, u.s. economy, Wall Street
|posted by JReid @ 11:55 AM
| Wednesday, July 09, 2008
| Maybe now the Bushies will talk to them
|Iranian television shows the test firing of a Shahab 3 missile. Source: New York Times
Iran tests new long range missiles
that can reach Tel Aviv, not to mention U.S. forces in Iraq and Afghanistan. Isn't that the kind of thing that got the Bushies to the table with North Korea? Just sayin...
(BBC) Iran has test-fired nine missiles, including a new version of the Shahab-3, which is capable of reaching its main regional enemy Israel.
The Shahab-3, with a range of 2,000km (1,240 miles), was armed with a conventional warhead, state media said. Iran has tested the missile before, but the latest launch comes amid rising tensions with the US and Israel over the country's nuclear programme.
The early morning launch at a remote desert site sent oil prices climbing.
White House spokesman Gordon Johndroe called on Iran to "refrain from further missile tests if they truly seek to gain the trust of the world".
Two other types of missile with shorter ranges were also fired as part of the Great Prophet III war games being staged by Iran's military.
And from the New York Times
PARIS — One day after threatening to strike Tel Aviv and United States interests if attacked, Iran’s Revolutionary Guards were reported on Wednesday to have test-fired nine missiles, including one which the government in Tehran says has the range to reach Israel.
State-run media said the missiles were long- and medium-range weapons, among them a new version of the Shahab-3, which Tehran maintains is able to hit targets 1,250 miles away from its firing position. Parts of western Iran are within 650 miles of Tel Aviv.
The reported tests coincide with increasingly tense negotiations over Tehran’s nuclear program, which Iran says is for civilian purposes but which many Western governments suspect is aimed at building nuclear weapons. At the same time, United States and British warships have been conducting naval maneuvers in the Persian Gulf — apparently within range of the launching site of the missiles tested on Wednesday. Israel insisted it did not want war with Iran.
“Israel has no desire for conflict or hostilities with Iran,” Mark Regev, a spokesman for Prime Minister Ehud Olmert, said. “But the Iranian nuclear program and the Iranian ballistic missile program must be of grave concern to the entire international community.”
The missile tests drew a sharp response from the United States. Gordon D. Johndroe, the deputy White House press secretary, said in a statement at the Group of 8 meeting in Japan that Iran’s development of ballistic missiles was a violation of United Nations Security Council resolutions.
“The Iranian regime only furthers the isolation of the Iranian people from the international community when it engages in this sort of activity,” Mr. Johndroe said.
He urged Iran to “refrain from further missile tests if they truly seek to gain the trust of the world. The Iranians should stop the development of ballistic missiles which could be used as a delivery vehicle for a potential nuclear weapon immediately.”
As you might expect, the news shot the price of oil up
, yet again.
The tests appear to be a reaction to Israel's "dress rehearsals
" last month for an attack on ... somebody ... which coincide with increased diplomacy by Israel with enemies like Hezbollah and Hamas, which some Mideast analysts see as a way to soften the blow in the Arab world should the Jewish state attack Iran.
The news drew quick reactions
from the U.S. presidential candidates:
... "Working with our European and regional allies is the best way to meet the threat posed by Iran, not unilateral concessions that undermine multilateral diplomacy," McCain said in a statement.
Obama has been criticized by Republicans for being too eager to engage enemies of the U.S. in talks. Asked how he would respond to the missile tests if he were president, Obama said he would confer with his national security team to find out whether "this indicates any new capabilities on Iran's part."
"At this point, the report is unclear, it's still early," Obama said on "The Early Show" on CBS. "What this underscores is the need for ... a clear policy that is putting the burden on Iran to change behavior. And frankly, we just have not been able to do that the last several years, partly because we're not engaged in direct diplomacy."
Obama said he continued to favor an incentive package that is aimed at getting Iran to drop its nuclear ambitions.
McCain said Iran's missile tests "demonstrate again the dangers it poses to its neighbors and to the wider region, especially Israel."
"Ballistic missile testing coupled with Iran's continued refusal to cease its nuclear activities should unite the international community in efforts to counter Iran's dangerous ambitions," McCain said.
Obama, while calling Iran a threat, criticized the Bush administration for using bellicose language against the Iranian government while increasing exports to the country.
The Associated Press reported Tuesday that U.S. exports to Iran grew more than tenfold under President Bush in spite of his criticism of its government as a sponsor of terrorism and warnings against any efforts to develop a nuclear weapon.
"It's that kind of mixed signal that has led to the kind of situation that we're in right now," Obama said on ABC's "Good Morning America."
More on Bush's checkbook diplomacy, from Newsweek
(WASHINGTON) Nuclear weapons? No way. But there are plenty of items on Iran's shopping list the United States is more than happy to supply: cigarettes, brassieres, bull semen and more.
U.S. exports to Iran grew more than tenfold during President Bush's years in office even as he accused it of nuclear ambitions and sponsoring terrorists. America sent more cigarettes to Iran — at least $158 million worth under Bush — than any other product.
Other surprising shipments during the Bush administration: fur clothing, sculptures, perfume, musical instruments and military apparel. Top states shipping goods to Iran include California, Florida, Georgia, Louisiana, Michigan, Mississippi, New Jersey, North Carolina, Ohio and Wisconsin, according to an analysis by The Associated Press of seven years of U.S. governmenttrade data.
Despite increasingly tough rhetoric toward Iran, which Bush has called part of an "axis of evil," U.S. trade in a range of goods survives on-again, off-again sanctions originally imposed nearly three decades ago. The rules allow sales of agricultural commodities, medicine and a few other categories of goods. The exemptions are designed to help Iranian families even as the United States pressures Iran's leaders.
"I understand that these exports have increased. However, we believe that they are increasing to a segment of the population that we want to reach out to, we want to know and understand that the U.S. government, the U.S. people want to be friends with them, want to work with them to integrate them into the world economy and become partners in the future," Gonzalo Gallegos, a State Department spokesman, said Tuesday when asked by reporters about AP's findings.
So ... we want them to get hooked on our cigarettes and be our friends before we ... blow them away...? And remember, while we're increasing exports to Iran (and don't think Dick Cheney's Halliburton isn't still doing business there
, too...) we're also conducting covert operations which may be designed to provoke Iran into a war...
The Guardian drills deeper into the candidate reactions, and finds Barack Obama talking tough diplomacy (he also gets the headline
, while Mac gets the mid-article crumbs...) and McCain sealing himself into the Bush glass coffin once again with a call for a halo of missile defense over Europe:
"Iran is a great threat. We have to make sure we are working with our allies to apply tightened pressure on Iran," the Illinois senator said.
Iran demonstrated its military force with the test-flight of nine long and medium-range missiles in the strategic Strait of Hormouz, through which 40% of the world's oil passes.
Tehran said the exercise was in retaliation to threats from the US and Israel over its disputed nuclear projects, which it claims are civilian.
Obama said if he were to be elected president, he would combine more direct diplomacy with the threat of much tougher economic sanctions.
"I think what this underscores is the need for us to create a kind of policy that is putting the burden on Iran to change behaviour, and frankly we just have not been able to do that over the last several years," Obama said.
He cited reports that US exports to Iran have increased under George Bush, even as the administration has toughened its rhetoric.
Earlier, the US secretary of state, Condoleezza Rice, said the "war games" justified America's defence plans with bases in eastern Europe. She said the tests were "evidence that the missile threat is not an imaginary one."
"Those who say there is no Iranian missile threat against which we should build a missile defence system perhaps ought to talk to the Iranians about their claims."
Her comments were backed by the Republican presidential candidate, John McCain. He said the tests "demonstrate the need for effective missile defence now and in the future, and this includes missile defence in Europe as is planned with the Czech Republic and Poland". These plans are strongly opposed by Russia.
Four more years ... indeed ...
Gunmen attacked a police guard post this morning outside the heavily fortified U.S. Consulate in Istanbul, killing three Turkish police officers in what Ambassador Ross Wilson called "an obvious act of terrorism."
Three of the assailants were shot to death during the gun battle, authorities said, and a fourth person was taken into custody a short time later, according to Turkey's Dogan News Agency.
No Americans or consular employees were injured.
"This was an attack on the American diplomatic establishment here," Wilson said in an appearance before reporters in Ankara, the Turkish capital. " . . . Our countries will stand together and confront this, as we have in the past."
Turkish President Abdullah Gul and Istanbul Gov. Muammer Guler also labeled the incident a terrorist attack. Gul referred to the slain police officers as martyrs and said Turkey "will fight against those who masterminded such acts and the mentality behind it till the end."
The world just
Labels: Barack Obama, Bush administration, global crises, Halliburton, Iran, Israel, John McCain, military, U.S. foreign policy
|posted by JReid @ 10:18 AM
| Monday, May 05, 2008
| How useless is George W. Bush...
|When his unpopularity runs so deep, he has to send his wife out to do the press conference on the U.S. humanitarian response to the 10,000 or more storm deaths in Myanmar. And by the way, it was bugging me to no end to hear Laura adopting her husband's preference of repeatedly calling the country Burma, rather than Myanmar, until I looked up the context and noted that her usage is apparently a political swipe at the country's ruling junta. Laura, being the brighter spouse, most likely knows what she's doing and why. (I suppose sticking "Burma" in the junta's faces is the Bushian substitute for actually confronting that government, or the Chinese over Tibet, for that matter...)
All of that said, Laura did about 1,000 percent better at the presser than her rather pitiful husband ever has in front of the press.
CNN just pointed out the important fact that in order to get aid to Burma/Myanmar, the Bush administration will have to get around its own sanctions against that country, which the libertarian CATO Institute lambasted this way
The U.S. policy of imposing unilateral trade and investment sanctions against Burma has proven to be a failure on all fronts. By forcing U.S. firms to disengage from Burma, that policy has harmed American economic interests and done nothing to improve the living conditions or human rights of the people of Burma.
Sanctions have denied Burmese citizens the benefits of increased investment by American multinational companies--investment that brings technoloygy, better working conditions, and Western ideas.
State and local sanctions against Burma have compounded the problem caused by federal sanctions and raised troubling constitutional questions.
Unilateral sanctions have alienated our allies in the region and strengthened the hand of China but achieved none of the stated foreign policy aims. If Washington had allowed the Association of Southeast Asian Nations to take the lead in setting policy toward Burma, the United States could have enjoyed a "win-win" situation--better relations with our allies and more influence over the regime in Rangoon.
As an alternative to the failed policy of sanctions, the United States should allow U.S. companies to freely trade with and investment in Burma. A pro-business approach to engagement would more effectively promote political, civil, and economic freedom around the world. Congress should enact legislation requiring a full accounting of the cost of sanctions and explicit justification on national security grounds before they can be imposed.
Ah yes, let the corporations in. That'll fix it for the Burmese little guy...
Lord, is there a conservative out there with
a a conscience?
Labels: Burma, Bush administration, global crises, Laura Bush
|posted by JReid @ 3:18 PM