A power shift at the International Monetary Fund (IMF) in favor of Emerging Market nations has now set the stage for a fierce international battle over who should succeed Dominique Strauss-Kahn (DSK) as he battles well-publicized allegations of sexual assault in New York. The outcome of this struggle and may threaten the ‘gentlemen’s agreement’ […]
After initial excitement, this moment of unity in the capture & killing of Osama bin Ladin registered as a momentary blip in Global Markets as investors worry about the immediate risk of a terrorist backlash and, more generally, the malaise of the US economy. Yet bin Laden’s death has the potential to become a focal point for the country, and for President Barack Obama in particular, if the spirit of unity & partisan cooperation can be translated into broad-based, bipartisan progress on economic issues such as re-employment, infrastructure investments, increased corporate spending of their HUGE profit margins, decreasing the Federal deficit & the National Debt levels that are central to the long-term economic health & prosperity of the nation, and the world.
Unemployment remains stubbornly high.
The 2011 annual gathering (Jan 26-30) of the World Economic Forum (WEF), which brings together hundreds of business, political, and finance movers & shakers from around the world, began today in Davos, Switzerland, a renowned winter ski resort for the wealthy and connected.