Geography Archives: Americas

Part 1 Part 2 Part 1 Tom Corbett, Governor-Elect for Pennsylvania: It’s now time to come together, to tell the rest of the world — to tell the rest of the world Pennsylvania is open for business. Jesse Freeston: And that business is natural gas.  Pennsylvania’s race was unique in that it was fought primarily […]

A strange thing happened on the way to the G-20 meetings: world elite opinion has turned against the Federal Reserve’s “Quantitative Easing” (QE) program, the only significant “Keynesian” macroeconomic policy being implemented anywhere in the face of massive unemployment in much of the developed world; and this criticism is garnering some support from strange places, […]

If the G-20 is going to be nothing more than a talking shop on economic issues, they ought to at least talk about the economic problems that really matter, and the ones that they can do something about.  Not that currency values don’t matter — they are actually very important.  And it is interesting to […]

  Paul Jay: You recently wrote a piece in the Guardian.  The title is “Who Pays the Bill for the Fed’s QE2?  By Depressing US Interest Rates, Quantitative Easing Forces Developing Countries to Defend Their Currencies at Crippling Cost.”  What do you mean by that? Kevin P. Gallagher: One of the unintended effects of QE2 […]

“We have overcome four phases [Resolution 1559, sponsored by France and the United States, imposing the Syrian withdrawal from Lebanon; the French temptation, i.e. Jacques Chirac’s offer of power in exchange for disarmament; Israel’s July War, backed by the United States, against Lebanon in 2006; the 5 May 2008 decision of the Lebanese government, prodded […]

Benjamin Netanyahu, Israel’s prime minister, is in the United States this week, but few observers expect an immediate or significant breakthrough in the stalled peace talks with the Palestinian leadership. In public, Mr. Netanyahu maintains he is committed to the pledge he made last year, shortly after he formed his right-wing government, to work towards […]

Tony Karon has another sharp piece this week, entitled “Israel Pressed for a Tougher U.S. Line on Iran.”  For some time now, we have been forecasting an intensification of pressure on the Obama Administration, by Israel and pro-Israel constituencies in the United States, for U.S. military strikes against Iran’s nuclear infrastructure. It appears that the […]

Introduction Many policymakers and analysts are arguing that there is an urgent need to make changes to Social Security.  They point out that the projections from the Congressional Budget Office and the Social Security Trustees show the program to be out of balance in the long-term, therefore we would be best advised to make changes […]

Last month, the New America Foundation and the University of Chicago’s Project on Security and Terrorism (CPOST) sponsored a conference in Washington, entitled “Cutting the Fuse: Moving beyond the War on Terror.”  The conference was sparked by the publication of a new book by CPOST’s director, Robert Pape, and James Feldman, entitled Cutting the Fuse: […]

Somalia in particular and the Horn of Africa in general are at such a volatile stage that any misstep — domestic or foreign — could only further exacerbate their perilous condition.  One such potential misstep is the recently proposed US foreign policy toward Somalia known as the Dual-Track approach. First, a brief background: In 2006 […]

  The European Union to the United States: “Yes, my love, I know you like my position, but everyone is saying that you are the only one who has it in common with me.” Pedro Méndez Suárez is a Cuban cartoonist.  This cartoon was published in Rebelión on 7 November 2010.  Translation by Yoshie Furuhashi […]

In the early years of the past decade, two hard-line Cold Warriors, closely associated with radical right-wing Cuban exile groups in Florida, occupied strategic positions in the U.S. foreign policy machine.  Otto Reich, former head of the Reagan administration’s “black propaganda” operations in Central America, and Roger Noriega, co-author of the 1996 Helms-Burton Act, took […]

Santiago Sierra (Madrid, 1966), an internationally recognized Spanish artist, has just rejected the “Spanish National Prize for Visual Arts,” writing a letter to Culture Minister Ángeles González-Sinde, who, in the Rodríguez Zapatero administration, represents the interests of media magnates.  See below Sierra’s original letter to the minister, dated “Madrid, Brumaire 2010” (the month straddling October […]

It is now abundantly clear that each and every response by the eurozone (EZ) to the galloping sovereign debt crisis has been consistently underwhelming.  This includes the joint EZ-IMF operation, back in May, to “rescue” Greece and, in short order, the quite remarkable overnight formation of a so-called “special vehicle” (officially the European Financial Stability […]

I gave this talk at a very good conference, New Deal/No Deal, at Berkeley’s Institute for Research on Labor and Employment, on October 29.  The panel chair was Michael Reich, who was the main organizer of the conference along with Richard Walker of the geography department.  The dual themes were reflecting on the New Deal […]

  Wages and Depressions Sooner or later any bubble bursts, leading to falling asset prices as investors flee to safe liquidity.  Distress selling and debt liquidation by the market participants follow.  For Irving Fisher (1933), it is of key importance that an asset price deflation leads — via falling asset prices and a distorted financial […]

In a notable turn-around, the U.S. Department of State today designated Jundallah as a foreign terrorist organization (FTO).  In early 2009, shortly after President Obama came into office, the United States considered designating Jundallah as an FTO, as a conciliatory message to the Islamic Republic of Iran.  In March 2009, Iran’s Supreme Leader Ayatollah Ali […]

The Republican and Tea Party counter-revolution is on the march.  Faced with a major voter rebellion against his hard socialist agenda yesterday, the Marxist-Leninist United States president Barack Obama has met with Tea Party icons Sarah Palin, Rand Paul, and Glenn Beck and “FreedomWorks” chief Dick Armey.  Obama has agreed to significantly roll back the […]

When Bruno concluded his speech around midday last October 26, as is the norm, it was then time for the explanations of vote prior to the resolution being submitted to the vote. First to speak was U.S. ambassador Ronald D. Godard, senior area advisor for western hemisphere affairs and head of his country’s delegation. His […]

Like the rally led by Jon Stewart and Stephen Colbert of Comedy Central that brought hundreds of thousands of people into the streets of Washington DC on Saturday, Brazil’s election on Sunday was a contest of “Restore Sanity” versus “Keep Fear Alive.” Dilma Rousseff of the governing Worker’s Party coasted to victory against the opposition […]