Klein's Commentary

Go beyond the headlines

U.S. Presidential Debate – A Foreign Policy Primer

With two weeks left before election day candidates Obama and Romney tackle foreign policy issues tonight. If last week’s battle royale over the economy is any indication this promises to be a no-holds-barred verbal slug fest. Tremendous changes have occurred over the last four years in the Middle East, Europe and Asia. Osama Bin Laden…

Continue Reading

1

World Politics Review Article on the Global Middle Class – Part II

The damage done to the global middle class, while significant, is not irreparable. The solutions are as varied as the countries themselves, but they all share several key features that influence whether a consumer-driven economy will flourish or not. First and foremost is access to capital for small and medium-sized enterprises. In developed and developing…

Continue Reading

The Week That Was (and Wasn’t)

Walking Backwards into the Future – In a 5-4 Supreme Court ruling upholding President Obama’s healthcare bill the U.S. finally joined the rest of the developed world of 60 years ago with universal coverage. China joined the space world of 50 years ago with a successful orbital docking mission, including a safe return to earth of…

Continue Reading

Blinded by the Euro Light

Hopes for a breakthrough on several fronts in the global economy came to naught this week. EU leaders met, and discussed, and discussed some more. Solutions to the spread of financial distress affecting France, Italy, Greece, Spain, and Cyprus appeared at hand. Markets rallied after the European Stabilization Fund was announced which would buy sovereign…

Continue Reading

Mid-Day Note: Global Economic Data Disappoints

U.S. economy still lags. Today’s U.S. housing and consumer confidence figures failed to signal a real economic rebound. This after Moody’s downgrades of fifteen banks last week, including Goldman Sachs, and earlier Federal Reserve data* showing U.S. household net wealth plunging over 40 percent between 2007-2010. That’s an entire generation of wealth creation gone in…

Continue Reading

Euro In or Euro Out?

A wave of relief greeted overseas markets last night after Greece’s second round election results came in. New Democracy (a pro-bailout party) won approximately 30% of the vote, narrowly defeating Syriza (anti-bailout) with 27%. Initial sentiment favored the stability of the European Union and the Euro as its currency. Optimism quickly faded as more practical…

Continue Reading