The Great Debate UK

from The Great Debate:

First 100 Days: The next steps in the Middle East

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President Barack Obama, Secretary of State Hillary Clinton and George Mitchell in the Oval Office of the White House.

President Barack Obama inherits a distinctly gloomy outlook for progress in settling the Israeli-Palestinian conflict. Is change really possible?

Reuters asked Oliver McTernan, the director a UK charity called Forward Thinking and two experts from the Brookings Institution in Washington -- former Ambassador to Israel Martin S. Indyk and Kenneth Pollack -- what steps the Obama administration should take next in the Middle East.

from The Great Debate:

Clean up Washington: mission impossible?

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Bernd Debusmann - Great Debate-- Bernd Debusmann is a Reuters columnist. The opinions expressed are his own. --

Can any U.S. administration avoid the fate spelled out in the following 12 words? "We were elected to change Washington and we let Washington change us."

from The Great Debate:

Goodbye bonuses, hello hedge funds

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James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

The argument about bank bonus payments is as sterile as it is backward looking; compensation at government insured institutions is going nowhere but down.

The real action will be at those places like hedge funds, private equity houses and boutiques, which will try and trade less insurance for more autonomy and which will capture more market share, take on more risk and offer more reward. The question is how will they be regulated, how will they fund themselves and how will the rest of us be protected from the systemic risk they could easily represent.

from The Great Debate:

Executive pay caps: “stealth nationalization” or “political grandstanding”?

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obama-geithner President Barack Obama set a $500,000 annual pay cap on Wednesday for executives at companies getting taxpayer bailouts as part of a wider process to clamp down on excessive corporate pay.

The new rules would require banks and other companies that get government funds in the future to abide by the new cap going forward, with any additional compensation being limited to restricted stock that does not vest until government funds are paid back.

from The Great Debate:

America’s long, long Afghan war

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Bernd Debusmann - Great Debate--Bernd Debusmann is a Reuters columnist. The opinions expressed are his own--

Twenty years ago this month, the last Soviet soldier left Afghanistan after a disastrous war that lasted nine years, seven weeks and three days. Barring military and political miracles, the United States will stay longer in Afghanistan than the Soviets did. Considerably longer.

Present U.S. plans to reinforce troops fighting a war that is, by most accounts, going badly, provide for up to 30,000 additional soldiers to be deployed over the next 12 to 18 months. By that time, the U.S. presence will almost have matched the Soviets' stay and will exceed it by the end of 2010.

from The Great Debate:

Play by the rules, close failing banks

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James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own --

Why not just play by the existing rules and rescue the economy, rather than the banks and their foolish shareholders and counterparties?

The choice for the Obama administration comes down to this: pay a subsidy to weak banks and reward failure and self-dealing or shut them down and start over again.

from For the Record:

After the warm glow, telling the cold, hard truths

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dean-150Dean Wright is Global Editor, Ethics, Innovation and News Standards. Any opinions are his own.

The president was inaugurated in front of adoring crowds and positive reviews in the media. As the unpopular incumbent sat on the platform with him, the new Democratic chief executive took office as the nation faced a crippling economic crisis. The incoming president was a charismatic figure who had run a brilliant campaign and had handled the press with aplomb. The media were ready to give him a break.

from The Great Debate:

Obama and the Afghan narco-state

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Bernd Debusmann - Great Debate-- Bernd Debusmann is a Reuters columnist. The opinions expressed are his own. --

To understand why the war in Afghanistan, now in its eighth year, is not going well for the United States and its NATO allies, take a look at two statistics.

from The Great Debate:

First 100 Days: Obama and trade

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Sean West-- Sean West is a Comparative Analytics analyst at the political risk consulting firm Eurasia Group. The views expressed are his own. --

Fear that President Barack Obama will backslide on America’s free trade commitments is misplaced—in fact, he may eventually expand America’s commitment to liberalization. His pledge to revisit the North American Free Trade Agreement (NAFTA) amidst an economic slump was one of his most widely discussed policy positions of the campaign season.

from The Great Debate:

First 100 Days: Fix the banks

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morici-- Peter Morici is a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission. The views expressed are his own. --

For every new president, campaign promises and inaugural idealism must give way to the hard choices that measure the mettle of their leadership.

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