This is the first part of a two part series on global power.
Who is most powerful globally? Historians, economists, and others have written extensively on this subject, often in terms of empires. Amazon lists more than 5,000 books on …
The global recession started with the credit freeze in the US. The article describes how it led to a global recession. It focuses on less developed countries and concludes they will not be hurt as much as OECD nations.
The new toxic asset bailout plan is examined. The plan will only purchase asset-backed securities with AAA ratings. Questions are raised about whether there are less cumbersome ways to accomplish the same objectives.
How bad is the current recession? Data are provided. What is the Obama Administration proposing to end it and how much will their proposals cost? Data are provided and questions are raised about the risks of the Obama initiatives.
We are living in unprecedented times. If there are no precedents, predictions are nothing more than guesses. Therefore, I present data with little commentary.