Kyrgyzstan: Business, Corruption and the Manas Airbase
Kyrgyzstan’s mass anti-government protests last week were essentially the culmination of more than a decade of disillusionment and dissatisfaction that accumulated in the nation’s political, economic and social spheres from the period of Akayev to his successor Kurmanbek Bakiyev, with virtually every Kyrgyz concerned about rising prices and falling standards of living, both issues of little co
Stocks tread Water in Limited Reaction to Greek Fiscal Woes
U.S. stock indices traded in a tight, inside range despite potentially bearish pressure from plunging higher yielding currencies and commodities. Either stock traders clearly believe that the economy will benefit from the European financial woes or bullish traders are being set up for a possible 8 to 10% correction.
EUR USD Plunges on Concerns Greece Fiscal Problems Could Escalate
The EUR USD closed sharply lower, pressured by concerns that despite the proposal of a new budget plan, Greece lacks the means to deal with its deficit issues on its own. Fears were also being raised that the fiscal problems in Greece are not isolated and may spread throughout the Euro Region should it default on its debt.
A great - and still growing - divergence appeared in 2009 between public statements by leaders and their public performance. The politicized, romanticized theater of increasingly populist “democratic” leaders and media seemed to be of a different planet from activities taking place in the real world.
China Proposes Economic Stimulus Package to the Tune of $586 Billion
China joins other major economies such as the United States, Japan and Germany which have already introduced their own stimulus plans. China’s plan calls for higher spending on roads, airports and other infrastructure, tax deductions for exporters and more aid to the poor and farmers. Spending on health and education will increase, as well as on environmental protection and high technology.