Monday, 20 October 2008

Issue #13

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ISSUE #13 - Monday, 20th October 2008




  • Sebastian Mallaby, The Washington Post
    "Bretton Woods, The Sequel?"
    http://www.washingtonpost.com/wp-dyn/content/article/2008/10/19/AR2008101901333.html

    DJR's gist: Europe, led by Sarko with GB alongside, has managed to bring about a global economy summit dubbed "Bretton Woods II". But as Mallaby points out, the analogy is at best erroneous - Europe is not recovering from the Second World War, and fixed exchange rates are anything but the order of the day. So what can this summit actually achieve? Well as this American columnist is keen to point out, a big step would be for "declining powers" like Britain and France to cede some of their power over institutions like the IMF to the growing powers of the developing world. Likely? I think not.



  • Salameh Nemat, The Daily Beast
    "Why Iraq hates Biden"
    http://www.thedailybeast.com/blogs-and-stories/2008-10-16/why-iraq-hates-biden-1

    DJR's gist: The Middle East doesn't like Joe Biden. That's the crux of this article, which essentially voices the opinion that because Joe Biden was in favour of a proposal to split Iraq into three sections - one for each of its ethnic groups - and thus avoid a civil war - he is not a popular figure in the Middle East. Ironically, John McCain and Sarah Palin are not disliked, because no one knows anything about them. Which begs the question - why hasn't Sarah Palin said anything about Iraq? Probably because she doesn't know where it is. Or even that it exists.



  • Paul Krugman, The New York Times
    "The Real Plumbers of Ohio"
    http://www.nytimes.com/2008/10/20/opinion/20krugman.html

    DJR's gist: Fresh from become a Nobel Laureate, Professor Paul Krugman takes this opportunity to point out that, amongst other things, Joe the Plumber would definitely be better off under Obama than McCain, John McCain's policies would essentially continue those of George W. Bush - which has already proven to be disasterous, and that whatever today’s G.O.P. is, it isn’t the party of working Americans".






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