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Jemaah Islamiyah and International Terrorism

Jemaah Islamiyah and International Terrorism

Mas Selamat bin Kastari, a high ranking leader of Jemaah Islamiyah, is in Malay custody. He was recaptured more than a year after he escaped, pantsless, through the bathroom window of the Whitley Road Detention Center in Singapore. His recapture has resulted in much celebration among the Malaysian and Singaporean security industries, though it has […]

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FOMC Says "Start the Presses!"

FOMC Says "Start the Presses!"

The FOMC today announced plans to buy $300B in treasuries and up to $750B in mortgage-backed securities, effectively agreeing to print a trillion dollars. Well, we knew the money had to come from somewhere. When the federal government wants money, there are four places they can get it: 1) Take from other parts of the […]

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NYT Thinks Crisis Good For China?

NYT Thinks Crisis Good For China?

In a strange piece of spin, the New York Times says today that the financial crisis will wind up being good for China. It’s an unconvincing position to say the least. It’s true that, unlike the West, China has no trouble with currency exchange or stock markets, which are state regulated, or bank failure, because […]

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What To Do With AIG?

What To Do With AIG?

AIG Executives have been given huge bonuses with taxpayer money, and everyone is furious. AIG claims that they have contractual obligations which predate the largest private sector bailout in history. Politicians say these obligations are secondary to satisfying taxpayers who are keeping them above water. Pundits, smelling blood in the water, have come out in […]

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