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Passing the buck is one of the oldest and most often used traditions of democracy. At the annual World Economic Forum meeting in Davos, Switzerland last January, admonishment for bankers on one hand and praise for President Obama on the other were abundant.  European Central Bank President Jean-Claude Trichet applauded the Obama administration’s intervention in the U.S. banking system and blamed bankers for “generating the biggest financial crisis since the Great Depression...

Author: By Patrick Jean Baptiste | Title: A Global Economy | 2/25/2010 | See Source »

President Obama, during his State of the Union address, told the country that it was going broke. But the rules of road as they are facilitated debt accumulation and high leveraging of assets. Bankruptcy laws, first-time homebuyer tax credits, and non-recourse loans all give the uninformed consumer incentive to buy a new home. Lest we as a people and as members of the largest economy in the world go bankrupt, we need to make policy decisions that bind all parties involved to a common fabric...

Author: By Patrick Jean Baptiste | Title: A Global Economy | 2/25/2010 | See Source »

What seems to be a complex web of interconnected and interdependent relationships in fact already exists in the form of globalization. The only difference is that, with globalization, activity at the microscopic level can have macroscopic ramifications if left unchecked. President Obama should emphasize increased globalization. By making people more interdependent and creating more linked fate communities across the globe, greed and excess on the part of bankers, laxity in regulation by governments, and poor financial decisions on the part of home buyers will be disincentivized, as individual interests will be secondary to group interests. The world as we know...

Author: By Patrick Jean Baptiste | Title: A Global Economy | 2/25/2010 | See Source »

...editor of the Arab Reform Bulletin at the Carnegie Endowment for International Peace. The first round of the parliamentary elections in 2005 constituted the freest and most transparent election Egypt has ever experienced. But, Dunne adds, "Up till now, I see very little interest on the part of the Obama Administration in raising these issues...

Author: /time Magazine | Title: Egypt's Crackdown: When a U.S. Ally Does the Repressing | 2/24/2010 | See Source »

Egypt ranks low on the Obama Administration's list of regional priorities. The war in Iraq, the Arab-Israeli peace process and a growing al-Qaeda threat in Yemen are all outranking concerns. And the Administration has also sought to distance itself from some of the more aggressive policies of its predecessor, which Dunne says damaged bilateral relations with important allies like Egypt. "But I don't think they realize that there is real, observable backward movement when it comes to democratization and human rights in Egypt right now," she says. "And I think that the Obama Administration is going...

Author: /time Magazine | Title: Egypt's Crackdown: When a U.S. Ally Does the Repressing | 2/24/2010 | See Source »

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