Europe cool on GM calls for help
BBC News February 18, 2009 The UK, Germany and Sweden have reacted coolly to calls for $6bn (£4.2bn) of aid from US car giant General Motors. more
Year: 2009
Goodbye to rugged American individualism?
Reuters February 18, 2009 Shock!! Horror!! The United States is becoming more like Europe! The rugged individualism that makes up part of the country’s self-image may be doomed. Paternalism threatens to throttle enterprise and initiative. more
Obama OKs about 17,000 more troops for Afghanistan
Associated Press February 17, 2009 President Barack Obama approved adding some 17,000 U.S. troops for the flagging war in Afghanistan, his first significant move to change the course of a conflict that his closest military advisers have warned the United States is not winning. “This increase is necessary to stabilize a deteriorating situation in Afghanistan, […]
China urges west to establish ‘bad banks’
Financial Times February 17, 2009 The US and Europe should follow China’s example and establish “bad banks” to manage toxic assets if they want to resolve the financial crisis, according to the head of China’s largest bad bank. more
Hillary Clinton’s trip to East Asia
The Manila Times February 16, 2009 Not since Dean Rusk in the 1960s (during the Vietnam War) has a new Secretary of State flown west rather than east on a first trip, notes The New York Times of Hillary Clinton’s initial venture as the Obama Administration’s Number One diplomat. Where the United States has traditionally […]