There was a pall over the usually bubbly financial analysts on Monday. It’s not that I heard anyone say that financial disaster was imminent, though some hinted at that. It’s that pretty much everyone I heard was painting an ominous
This morning’s key headlines from GenerationalDynamics.com. Violence grows in Yemen after Saleh again refused to resign Anti-government protesters in Sanaa, Yemen (AFP) Full scale tribal warfare appears to be breaking out around Sanaa, the capital of Yemen, on Monday, as
President Barack Obama gave a new Mideast policy speech on Sunday, in order to mend fences following the aftershock of his speech on Thursday. Whereas his Thursday speech was clearly designed to please the Palestinians and anger the Israelis, his
This morning’s key headlines from GenerationalDynamics.com. Major terrorist attack on Navy airbase in Karachi, Pakistan Pakistan’s PNS Mehran naval base, Karachi (Tribune) A well-planned professional terrorist attack was launched on the Pakistan’s PNS Mehran naval base in Karachi, Pakistan, on
What started out as a small gathering last Sunday has ballooned into huge protests in Madrid’s Puerta del Sol square, with tens of thousands of protests camped out, protesting austerity measures and government corruption. There were also large crowds in
This morning’s key headlines from GenerationalDynamics.com. Greece commemorates the 70th anniversary of the Battle of Crete Monument to the Greek victory over the Nazis at the Battle of Crete (Kathimerini) On May 20, 1941, Hitler’s elite paratroopers invaded Crete overnight
A major realignment led by Saudi Arabia is in progress in the Mideast, triggered by the Arab uprisings and by anger in the Gulf states over President Obama’s responses, especially with respect to Iran. Saudi King Abdullah The incident that
This morning’s key headlines from GenerationalDynamics.com. Fitch cuts Greece’s debt ratings, as bailout or default nears Greece’s credit rating was cut by three levels on Friday, to well below junk status, by Fitch Ratings. Possibly more signifcant, Fitch said that
When President George Bush announced his Mideast Roadmap to Peace in 2003, I wrote that the plan could never succeed because the survivors of the genocidal 1936-49 war between Arabs and Jews, including Yasser Arafat and Ariel Sharon, were disappearing,
This morning’s key headlines from GenerationalDynamics.com. Weekend elections in Spain may uncover huge amounts of ‘hidden’ debt Weekend elections are threatening to drive Spain’s ruling Socialist party from power in several regions. They’re also threatening a nasty surprise: to uncover
Naxalite terrorists killed five “jawans” (policemen) in India’s Central Reserve Police Force (CRPF), and critically wounded two more, with a landmine blast in the Dantewada district, according to Samay (Delhi). The ‘Red Corridor’ of regions fully or partially controlled by
This morning’s key headlines from GenerationalDynamics.com. In tonight’s speech, Obama will promise aid to Egypt and Tunisia President Obama plans to propose new economic help to Tunisia and Egypt in his speech to the nation on Thursday evening. The economic
On Monday, Pakistan’s Prime Minister Syed Yousuf Raza Gilani told Xinhua, “We are proud to have China as our best and most trusted friend and China will always find Pakistan standing beside it at all times.” Chinese warship docked in
This morning’s key headlines from GenerationalDynamics.com. EU official proposes ‘soft’ default of Greece’s debt Top level European officials have been studiously avoiding any suggestion of a default on Greece debt, for fear that stating the obvious would panic investors. Instead,
Europeans are coming around to the idea that a new bailout of Greece will only pile on more debt, only making the euro / Greece financial crisis worse. Greece’s problems are compounded by the weekend arrest of IMF chief Dominique
This morning’s key headlines from GenerationalDynamics.com. U.S. borrowing exceeds the debt limit The U.S. Treasury Dept. reported that new debt auctions of $72 billion will push the debt past the debt limit by Tuesday morning, meaning that the Treasury can’t
The Israeli Defense Forces (IDF) are going to have to account for their actions on Sunday, after firing on unarmed protesters crossing into Israel from Lebanon, Syria and Gaza, an action that is being described as a violation of international
This morning’s key headlines from GenerationalDynamics.com. Euro crisis talks thrown into disarray by Strauss-Kahn rape charge Dominique Strauss-Kahn (Reuters) The juiciest story to come out over the weekend was the arrest of Dominique Strauss-Kahn on sexual assault charges. Strauss-Kahn is
George Mitchell, President Obama’s Special Envoy for the Mideast, resigned on Friday, after two years on the job, accomplishing pretty much nothing. It comes as Palestinians commemorate the anniversary of the founding of Israel, the “Naqba” or catastrophe. It also
This morning’s key headlines from GenerationalDynamics.com. Hundreds of refugees crossing border from Syria to Lebanon Syria has been cracking down violently on protesters in the town of Talkilakh, on the border with Lebanon. Hundreds of women and children are fleeing
The warming relations between Turkey and Iran have been troubling to the West, but there is great potential for dispute between the two countries. Recep Tayyip Erdogan In fact, the basic interests of Ankara and Tehran collide, in some if
This morning’s key headlines from GenerationalDynamics.com. ‘Years of retrenchment’ for America’s ‘zombie consumers’ During the credit bubble a few years ago, the world could count on America’s “generation of ‘zombie consumers’” to spend their time at the mall, providing the
As the United States tries to deal with its own immigration problems on the border with Mexico, the growth of right-wing nationalism in Europe is creating a crisis that strikes at the very heart of the EU project. A highly
This morning’s key headlines from GenerationalDynamics.com. U.S. was prepared to fight Pakistani forces The Obama administration had “very detailed contingency plans” for military action against Pakistani forces if they had tried to stop the U.S. attack on Osama bin Laden’s
Billionaire hedge fund manager Raj Rajaratnam was convicted on Wednesday of 14 counts of insider trading, according to Bloomberg. Raj Rajaratnam leaving court after being found guilty (AFP) He had a network of insiders at companies like Intel, Goldman Sachs,
