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...miniscule Iceland on the economic map. But it wouldn’t last forever. In the past month, all three major Icelandic banks have been effectively nationalized, the stock market has crashed, and the International Monetary Fund (IMF) has been called in to calm international investors and prevent the country??s bankruptcy. As the global financial crisis claims its first sovereign victim, it is important to understand that every party involved would have benefited from more coordinated international regulation. The crisis affecting Iceland has its roots in the catastrophic consequences of an oversized banking industry in a country...
...economy. Yet this helps to emphasize the disconnect between the realities of Nicolae (Thomas Derrah) and Elena (Karen MacDonald) and those of their people. Elena believes that she is a world-renowned scientist, although she only attended school through the fourth grade. Nicolae spends enormous amounts of the country??s budget on tributes to himself. Vlad Tepes (performed on Friday night by understudy Josh Stamell), the historical Dracula, makes frequent appearances during a pageant held in his honor. As he serves as a consultant for Nicolae, a parallel is drawn between his viciousness and that of the Ceausescus.The...
...hand and said, ‘My name is JFK, just from Korea,’” Allison said. At the start of his own speech, Ban said his experience meeting Kennedy as a teenager inspired him to pursue a career in diplomacy. After serving in his country??s Ministry of Foreign Affairs, Ban spent 12 years working for the United Nations before being named Korea’s Foreign Minister in 2004. In 2006 he was selected to replace Kofi Annan as UN Secretary General. After reminiscing on his graduate school days, Ban then addressed...
...true cost of the biodiversity loss they are triggering, the true cost of the petrodictatorship they are funding, and the true cost of the energy poverty they are sustaining... The ability to develop clean power and energy-efficient technologies is going to become the defining measure of a country??s economic standing.” This argument may be forward-looking, but it has already gone mainstream. If Friedman is trying to become the Energy Climate Era’s Rachel Carson, Garrett Hardin, and Thomas Malthus all in one, he seems to have forgotten that figureheads like...
...race for the Presidency pushes towards that fateful November Tuesday, many of us continue to be concerned about our country??s place in today’s world. “The Freedom Agenda: Why America Should Spread Democracy (Just Not The Way George Bush Did),” journalist James Traub’s pointed study of America’s attempts to promote democracy abroad and the damage those attempts have done to our image, could not have come at a better time.Traub takes the reader through the history of America’s foreign expansion...