Let’s peel our eyes off of today’s Dow Jones Average for just a few minutes… March has marked a rather curious point in US-Mexican relations, causing many to raise a speculative eyebrow toward our new direction in international trade policy. Is President Obama beginning to draw a dangerously protectionist “line-in-the-sand” in an attempt […]
MEXICO CITY — U.S. Secretary of State Hillary Clinton pledged to stand "shoulder to shoulder" with Mexican president, Felipe Calderon, in its struggle against illegal drug cartels waging heinously violent campaigns at the U.S. border, and admitted America’s demand for illegal narcotics and the gun supply coming from U.S. arms makers were partly to blame for the problem.
Foreign Policy magazines interviews Mohamed El-Erian, Co-CEO & Co-Chief Invesment Officer of PIMCO — an international invesment management firm. Mr. El-Erian’s is also one of the world’s most respected investment managers & economic analysts. His commentary is widely followed quoted on Wall Street. He shares his insights on the realignment of the global economy and why we aren’t prepared to handle it without significant risks of both market accidents and policy mistakes.
China called for the creation of a new currency to eventually replace the dollar as the world’s standard, proposing a sweeping overhaul of global finance that reflects developing nations’ growing unhappiness with the U.S. role in the world economy.
Question: What happens when an 80% shareholder of a company decides that the $165 million in bonuses contracted to employees prior to the purchase of shares are an abuse of the over $170 billion given in taxpayer bailout? Answer: American International Group CEO, Edward Liddy, asks bonus recipients who received $100,000 or more to return […]
The Future of Capitalism
The credit crunch has destroyed faith in the free market ideology that has dominated Western economic thinking for a generation. But what can – and should – replace it? Over the coming weeks we will conduct a wide-ranging debate on this dominant political issue of the day.
President Obama welcomed Brazil’s President Luiz Ignacio ‘Lula’ Da Silva as the first Latin American leader to the White House to discuss, energy, agricultural and economic trade issues between the two hemispheric partners.
President Obama & PM Stephen Harper of Canada. Many, yet, do not grasp the intrinsic connection between the economy, global financial Markets and foreign policy. If ever there were a great example of ‘Economic Foregin Policy’ at work, it was displayed today in President Obama’s first foreign trip to visit our northern neighbor, Canada. The […]