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| U.S. Arms Sale to Taiwan and its Relation with China |
By Ben Mah 2008-10-14
...if one looks at the composition of the State Department’s International Security Advisory Board (ISAB), it becomes apparent that they are nothing but security hawks with neo-conservative members ... as well as executives from arms industry—Lockheed, Boeing and Science Applications International Corp (SAIC).... |
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| Too Big to Fail, or to Survive |
By William Poole 2008-10-04
The long-term health of the mortgage market is too important to be left to only two firms. If Fannie Mae and Freddie Mac can survive as vigorous competitors without the special government privileges they've long enjoyed, fine. But if they insist on coming back to life as public-private hybrids with all sorts of unfair federal advantages, we'll only be setting ourselves up for more disasters. The wisest move, in the end, is to carefully let them wither away.
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| Trillion Dollars Wall Street Bailout |
By Ben Mah 2008-10-01
One of most outrageous feature of Mr. Paulson plan is that he places himself, and the U.S. Treasury above the law with no Congressional oversight. Henry Paulson, the former Goldman Sachs CEO, still owns more than $500 million of the investment bank stocks, places himself in an unenviable position with this initiative. It is reported that Goldman Sachs is to be one of the largest beneficiaries of the bailout. The conflict of interest is self-evidenct... |
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| 2008: The Demise of Neoliberal Globalization |
By Immanuel Wallerstein 2008-09-29
The political balance is swinging back. Neoliberal globalization will be written about ten years from now as a cyclical swing in the history of the capitalist world-economy. The real question is not whether this phase is over but whether the swing back will be able, as in the past, to restore a state of relative equilibrium in the world-system. |
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| Greenspan's sins return to haunt us |
By David Blake 2008-09-25
Where Mr Greenspan bears responsibility is his role in ensuring that the era of cheap interest rates created a speculative bubble. He cannot claim he was not warned of the risks. |
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| Asia Ponders United Socialist States of America: William Pesek |
By William Pesek 2008-09-25
How far the U.S.'s credibility has fallen can best be seen in the wealth dynamics of Washington and Asian capitals. While savings-rich Asia is setting up sovereign wealth funds to prepare for the future, the U.S. is setting up debt funds to repair the past. The U.S. has spent the 2000s fighting al-Qaeda, while China built world-class cities and airports. |
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| The end of American capitalism as we knew it |
By Willem Buiter 2008-09-25
Is the reality of the modern, transactions-oriented model of financial capitalism indeed that large private firms make enormous private profits when the going is good and get bailed out and taken into temporary public ownership when the going gets bad, with the tax payer taking the risk and the losses?
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| Reflections: New Orleans and China |
By Nicolai Ouroussoff 2008-09-17
For Americans watching events unfold on television late last month, the arduous evacuation of New Orleans and the grandeur of the Olympic Games couldn’t have made for a starker contrast. |
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| ETERNAL DOOM UNLESS … |
By Sherwin Lu 2008-09-11
A poem called back to mind by September 11, 2001 World Trade Center terror tragedy.
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