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

The Latest Skirmish at the WTO

As reported by The Globe and Mail, on behalf of European and U.S. financial services, Europe and the U.S. have registered a complaint with the WTO that China is “breaking international trade law.” The European Union and the United States filed a complaint with the World Trade Organization (WTO) yesterday, concerned that China is trying […]

GCC regional currency discussions

Information Clearinghouse caught this item about ME banks and soveriegn funds (the same) de-pegging from the dollar to help curb their inflation woes. Alan Greenspan recommends doing so I believe. I think the current discussion on the US economy is much less thorough than need be.

Trade, Sovereign Wealth Funds, An Awkard Corner

In remarks to the U.S.-China Economic and Security Review Commission, Professor Morici poses some troublesome issues concerning Sovereign Wealth Funds: What Is a Sovereign Wealth Fund? In purest form, a sovereign wealth fund is a pool of resources, owned and/or controlled by a government, invested in public or private assets, including debt instruments, equities and […]

Moves Afoot in the Gulf Cooperation Council

From Arab News, the official organ of this guy… (Image from here.) No, not that one. The other one… or maybe of both of ’em. In any case, Arab News is now reporting: JEDDAH, 1 December 2007 — The pressure on the Gulf Cooperation Council (GCC) countries is growing to drop their pegs to the […]