By Kathleen Brooks
The U.S. has practically zero chance of solving its debt problem in the foreseeable future while politicians line up to contest the 2012 Presidential elections.
-Andrew Hammond is an Associate Partner at Reputation Inc, and was formerly a Special Adviser in the UK Government and a Geopolitics Consultant at Oxford Analytica. The opinions expressed are his own.-
Buried in the Washington Post story on Marc Grossman taking over as the new U.S. envoy for Afghanistan and Pakistan are some interesting references to the possible departure of U.S. commander General David Petraeus.
The news that China is engaged in talks over the building of a rival to the Panama Canal ought to set alarm bells ringing in Washington – and not just because of its obvious geopolitical implications. It is yet another sign that the Chinese have finally woken up to the fact that relending their hoard of dollars straight back to the USA is not a very smart policy, at least not as long as the Federal Government carries on spraying out greenbacks like a tipsy GI on furlough, and without Chinese support, the outlook for the Treasury bond market looks threatening.
President Barack Obama is not up for re-election this week, but the outcome of congressional elections will be seen as a referendum on his policies.
-Bernd Debusmann is a Reuters columnist. The opinions expressed are his own-
President Barack Obama is close to the half-way mark of his presidential mandate, a good time for a brief look at health care, unemployment, war, the level of the oceans, the health of the planet, and America's image. They all featured in a 2008 Obama speech whose rhetoric soared to stratospheric heights.
A furious debate has raged for several months now whether it makes sense for the United States to throw tens of thousands of soldiers at a handful of al Qaeda that remain in the Afghanistan-Pakistan theatre, nine years after launching the global war on terrorism.