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...year, according to Cliff Kupchan of risk consultancy Eurasia Group in Washington. Government officials are "digging a deeper hole, spending money they do not have," Kupchan says. Last November, 60 Iranian economists sent Ahmadinejad a letter warning him that his policies threatened economic ruin. "We have nothing because Mr. Ahmadinejad has spent it all," says Leylaz, who did not sign the letter, though he is a fierce critic of the President. "Mr. Ahmadinejad's economic policy has an absolute lack of financial discipline. His priority is making people satisfied now, not to have money for the future...
...cheapest gas (just 36˘ a gallon), even though it has to be imported from foreign refineries. The move is a high-stakes gamble for the President, who is up for re-election in June and is already cast by his opponents as the cause of the Iranians' deepening poverty. "Mr. Ahmadinejad will spend as much money as possible to make people happy," Leylaz says. "Then immediately after the election we will face the collapse...
...Whether it's Mr. Panetta or someone else, it's critical that the agency move in a new direction.' Representative PETER HOEKSTRA, ranking Republican on the House Intelligence Committee, saying Panetta's civilian background would bring a much needed "change in culture...
...intensive confinement has also contributed to the public health crisis described above, created huge environmental waste, and reduced animals’ lives to mere cogs in a machine—all negative externalities of factory farming. And Mr. Vilsack, as you’ll know from sitting in on Ec 10 lectures during your time here at Harvard, taxing negative externalities is a better idea than subsidizing them...
...tackling all this seems like a challenge, Mr. Vilsack, look to the President you’ll be serving. In an October interview with Time Magazine’s Joe Klein, Barack Obama commented on a recent New York Times article by Michael Pollan, the nation’s foremost critic of factory farming. Obama agreed that America’s food system is broken, noting that “our agriculture sector actually is contributing more greenhouse gases than our transportation sector … and [is] partially responsible for the explosion in our healthcare costs...