BRIC’s Increase Power in IMF
Explaining Currency Wars
Middle East and Africa
George Clooney on Sudan Policy
Afghanistan and Iran Financial Ties
Obama’s Foreign Policy Problem
Odds On The Bush Tax Cuts Being Extended
Examining American Power
Should Obama Run Again?
Richard Lugar On American Foreign Policy
Cultural and Political Comments
Column: Living In A Decaff World
Redefining The Term “Elite”
The Tea Party Gets Oil Money
Glenn Beck’s Problem With Woodrow Wilson
Morning Memo Madness
Monday, October 25
Tuesday, October 26
Wednesday, October 27
No MM on Thursday, October 28
Friday, October 29
Photo Credit: The Hindu
The main problem with the G20 is that different countries have to balance their international commitments with domestic politics, not the easiest task in the world. Jim Hoagland argues in the Washington Post today that it seems very hard for a real consensus to be reached because of this very problem. My contention would be that the G20 is supposed to do one thing: provide a framework. In that respect, it is a very effective organization. It is supposed to make sure that all the countries in the organization are on the same page. Think of it like the global chamber of commerce.
This means that the U.S. does not have to institute the exact policies espoused by the G20, but it does help for international image. Its main job is to provide a reference point to the world on political and economic management. In that regard, it is a very effective organization.
Photo Credit: Washington Post
Every morning at breakfast in the commons I always like to add to the daily tradition of the same scrambled eggs, bacon or sausage, and potato products with a rich and smooth cup of decaffeinated coffee. Some might laugh at my taste in this delectable beverage because I have essentially taken out the one ingredient that makes coffee worth drinking for most people, the caffeine. The reason for this odd change is that I love the taste of coffee, but I do not want the effects of jitteriness and the eventual downward crash that caffeine brings. This is a common trend for most people.
As European Philosopher Slavoj Zizek writes in a piece for the Guardian, a reputable British newspaper, “In today’s market, we find a whole series of products deprived of their malignant property: coffee without caffeine, cream without fat, beer without alcohol. What about virtual sex as sex without sex?”
Indeed, this trend of “taking the punch” out of the product seems to spill over into our everyday lives, especially when it comes to politics and policy. This is a result of constant negotiation of congressman to appease their constituents. Starting with the stimulus package of not have enough stimulants, by this term I mean money, to actually stimulate the economy. On healthcare reform, it involved universal healthcare without a single payer system or a public option. For Afghanistan, it was the policy to withdraw troops from the country without actually withdrawing right away. Basically, the meat of these policies were cut out to replace it with a tofu like substitute that is only so filling for the consumer.
See all the stories from this week’s edition of the Brackety-Ack
“The world must learn to work together, or finally it will not work at all.” – Dwight Eisenhower
Top Global Issues:
New EU Treaty Changes Have Support
ASEAN Summit: Regional Finance and Myanmar Are The Focus
U.S. Says Syria Destabilizing Lebanon
China Plans To Keep Tight Control Over Rare Earth Metals
Sec. Clinton Supports U.N. Inquiry Into Myanmar Human Rights Abuses
President Obama’s Planned Trip To India
Japan and Others Commit Hefty Sums At Biodiversity Conference
Israel Says New Settlements Will Not Affect The Peace Process
Figures of Note:
Opinions of Note:
Roger Cohen on Turkey
David Bosco on International Law
My First Thought: Budgets, Budgets, Budgets
The talk of the town has been about the deficit lately. In the U.S., Republicans have been campaigning on ways to reduce the deficit down to a respectable level and to eventually balance the budget. In Europe, the EU is working on fixing its budget provisions in its constitution to allow for economic sanctions to be placed on those countries that go over their maximum debt level. Is this a good idea? No, most economies are stuck in an economic slump where stimulus is necessary to keep the economy going. In order to foster growth for most the economic sector, it is important to work on passing legislation that will keep stimulus money coming. Then, after jobs have been created and unemployment is low again, it would be a good idea to start reducing the deficit. The IMF has stated this multiple times, as have other international organizations. It is time that we start listening to this advice before it is too late.
Photo Credit: Reuters