Global economic developments this year, along with the impact of safe-haven investment flows have led to the appreciation of the dollar in global markets, contributed to the high level of unemployment in the U.S. and increased the chances for a double-dip recession in America. All these developments have further highlighted the international tensions over exchange […]
How do you cope when your main source of political good will depends on money and that money dries up? Demand for oil just ain’t what it used to be. The shrinking of state revenues (regardless of the price of oil) is putting a cramp in the political and social largess of two countries — […]
The Los Angeles Times captures some of the excitement around the stimulus package and the opportunity for it to create jobs. In the bleak economy, such enthusiasm (in addition to federal funding) can help create opportunities. But the sustainability of the of the government largess is questionable unless it can create a market through incentives […]