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John J. Xenakis

John J. Xenakis

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End of Cuba's Communist Economy: Global Implications

It was a dry bureaucratic announcement appearing in the official Granma web site (Translation). It signaled the end of Cuba’s Communist economy. Fidel Castro Here are some excerpts (sometimes paraphrased): “After 52 years, the Cuban Revolution is a living and

Mideast Peace Talks Begin in Washington Amid Deep Skepticism

It’s about Mideast peace and a Palestinian state, but this summit is President Obama’s show. The President greeted Israeli prime minister Benjamin Netanyahu and Palestinian Authority president Mahmoud Abbas in Washington on Wednesday, in preparation for peace talks that began

Generation Gap Widens in Iran's Government

An editorial in Bahrain’s Gulf Daily News chides Iranian president Mahmoud Ahmadinejad essentially for being a loudmouth. The editorial quotes Ynet reports of provocative statements by Ahmadinejad — Israel is “too weak” to handle an offensive in Iran, and he

Pakistan Floods Become Epic Disaster

Saturday was the 63rd anniversary of Pakistan’s Independence Day, but the celebrations were muted by the unfolding and growing catastrophe facing the country. There are some 1600 deaths, and 20 million people are homeless because of the floods, according to

War and Peace and the Law of Mean Reversion

A stable, peaceful world requires a stable world financial system, but the exponentially growing sovereign debt in Washington, Europe, and around the world indicates that the world financial system is anything but stable. Wall Street is as unstable as Washington.