A Cuban Slap on the Wrist: The Alan Gross Case

The Obama Administration has in recent months made efforts to improve relations with Cuba contingent upon the release of Alan P. Gross. A subcontractor for the U.S. Agency for International Development (USAID), Gross was arrested in December 2009 for making the Internet available to members of Cuba’s minuscule Jewish community. He was sentenced to 15 […]

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US Credit Downgrade Is The End Of The World – Here’s Why

Other countries have had downgrades and been fine so why is this different? Here’s what people don’t understand: Unlike other sovereign debt downgrades such as europe or japan that have happened, the U.S. treasury securities are unique as a substitute for cash/dollars. No other country is like this, their securities are considered risk investments not […]

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President Obama Jumps the Gun on Praising African Leaders

Last week President Barack Obama praised Presidents Yayi of Benin, Condé of Guinea, Issoufou of Niger and Ouattara of Côte d’Ivoire as models of Africa’s democratic progress. Since gaining their independence, many African countries have suffered poor governance and widespread instability due, in part, to the unwillingness of African leaders to leave office or support […]

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China tells U.S. “good old days” of borrowing are over

NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over. Standard & Poor’s cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation’s budget […]

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Estonia’s Rebound Through Fiscal Discipline: A Message for America?

In the midst of a world embroiled in economic turmoil, a few nations have managed to do surprisingly well—among them, Estonia. After near economic collapse during the 2008–2009 financial crisis, the country has managed to successfully bounce back with substantial GDP growth, a vibrant trade environment, and a notable budget surplus. During the first quarter […]

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