Obama’s first term was consistently hindered, by a deliberate strategy of obstruction from Congressional Republicans. Will a second term be any better?
As we consider the Presidential candidates, it is also important to consider the Legislative branch — Congress. Presidents have only executive and veto authority, and must rely on Congress & the Senate to actually write & pass laws. Continue reading
Shares in Nokia fell over 3 percent on Monday, after the company halved the price of its flagship Lumia 900 phone to try and lure customers away from competitors.
With increasing signs of desperation in Nokia’s stuggle against rivals Apple and Samsung, customers continue to flock to the popular Android & iOS smartphone operating systems. Nokia’s change to & and reliance on the new & little-used Windows Phone operating system may shape up as the strategic decision that breaks, rather than makes, the company. Continue reading
It’s official — North Korea’s new leader is now installed & secure, having moved to dismiss his major rival.
Following embarassment over the North’s failed rocket launch, baby-faced heir Kim Jong-un had been in a weak — verging on dangerous — position after taking the reins of power in the isolated dictatorship. Continue reading
After several drinks at a Greek restaurant on Manhattan’s Third Avenue in the summer of 2006, two computer programmers at Bernard Madoff’s investment firm asked their supervisor whether the boss’s business was a scam.
Chief Financial Officer Frank DiPascali laughed off the question, telling George Perez and Jerome O’Hara that Madoff was honest. DiPascali would later tell the FBI he wondered why they took so long to ask. Continue reading
As slaughter continues in Syria, many people hope for a resolution or some kind of solution to emerge. Civilians are being shelled by artillery & fired upon by tanks, in what are indisputable war crimes.
In this environment, many question what US and NATO action should be taken. Senator John McCain is now criticizing President Obama’s lead on the issue. But does this actually recognize the situation — and realistically, what can be done? Continue reading
With Greece experiencing political instability & embarking on a slow banking run, attention must be paid to other — more important — countries.
While the exit of Greece from the Euro may be of great importance to the Greeks, it won’t make much difference to the rest of Europe. However, what does become critical is preventing “follow on” — breaking the chain of dominoes, before failure ricochets across Europe.
Spain’s banking sector is in trouble, and with it likely next after Greece, action is needed now. The future of the Euro, may well play out in front of us over the next 2 months…
With Facebook’s public IPO just days away, many investors are looking at the online social-networking giant. Much-hyped, hugely popular & with spectacular $100-billion plus valuations, the IPO seems a “ray of sunshine” amidst grey weather.
But is this promise oversold? Will investors achieve growth by holding Facebook shares for 2-5 years? Or, is this at least partly just a ‘pop’ so the smart money can get out?
The U.S. military is now shifting its focus from Iraq and Afghanistan as the Pentagon now believes that Iran is the most pressing scenario for the U.S. now. The Pentagon has now put in a contingency plan for Iran, according to the new strategic guidelines put in place by President Barrack Obama. Continue reading
The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday.
Greek banks have been experiencing strong withdrawls of euro (800 million per day), as citizens prepare against possible exit from the euro & devaluation of their deposits. Continue reading