Relevant and even prescient commentary on news, politics and the economy.

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After the Recession: What then?

We are in real trouble. Easy credit from foreign central banks is reaching its limit. Easy credit inside the U.S. is already a fantasy. The dollar is in crisis. Debt…

WTO GATS and protectionism or nationalism

…safety inspections for foreign-made medical devices — but not for those made in China. The Bush administration is crying foul. Even more worrisome to the administration is that the directive…

Foriegners in the US military since year 2000

…three are now among the more than 30,000 foreign soldiers fighting for America — not as Americans, but as a Mexican, a Portuguese and even a German. Without its foreign

Eye on the Bond Market

…large-scale participation of foreign central banks in the bond market. The chart below shows the 6-month moving average of net purchases of US treasuries by foreign central banks and governments….

…vascillates from praising the FDA at being better at science than Health Canada (“Foreign regulatory requirements and drug specifications differ”) to arguing the FDA is inefficient and inaccurate at labeling….

…earned from foreign sources). The Homeland Investment act now proposes a huge tax break on foreign earnings which are brought into the US for reinvestment. The amount of money which…

…laws, which were modified in 2000. The modification of 2000 required that, if a US firm accuses a foreign firm of dumping, and if that foreign firm is found guilty…

…there’s one big difference between the US and an Argentina or Thailand: all of our domestic and foreign debts are denominated in our own currency. This means that if there’s…