Monthly Archives: September 2011

Happy Rosh Hashonah to all

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Serious in Syria

Things are getting more serious in Syria, which is escalating into a desperate struggle for survival by the regime.  The government is using heavier weapons and more extreme reprisals — a young woman, Zainab Alhusni, whose brother is an opposition … Continue reading

Posted in The Middle East Revolts | Leave a comment

Deer in the Headlights

It seems that global financial leaders are starting to recognize that there is no hope of dragging the Greek crisis along until it somehow resolves without a default.    However, having spent two years getting to this point, they now need … Continue reading

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Economic Crisis Redux

The rapid move of markets from a low of 7,000 DJIA to 12,500 (nearly within 10% of their all-time high of 2007) over the last three years was a remarkable leap of faith.  True, corporate profits were going to recover faster than employment … Continue reading

Posted in The Global Economy | 1 Comment

Don’t Give up on the Arab Spring

The democratic wave in the Middle East has spread from Morocco to Iraq, but with widely varying effects.  Morocco has seen a conservative constitutional reform, Tunisia an emerging democracy with a surging Islamist party, Libya a civil war, Egypt a … Continue reading

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Lessons of History

It seems truer than ever: The only thing we learn from history is that no one ever learns anything from history. We sufferered a Great Depression in the 1930s; Japan is still stuck in its two-decade ‘great stagnation;’ and the … Continue reading

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Greek Tragedy or Dashing Western? The Future of Greece

As economic leaders meet at the G-7 conclave in France, everyone is asking:  will Greece fade in the last act and fall in tragic fashion?  Or will western powers dash in guns blazing with additional credit and save the day? Jeffrey Sachs … Continue reading

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