One source of angst is the sorry state of American capitalism (see article). The “Washington consensus” told the world that open markets and deregulation would solve its problems. Yet American house prices are falling faster than during the Depression, petrol is more expensive than in the 1970s, banks are collapsing, the euro is kicking sand [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
Unhappy America
Posted by Matt in July 24th, 2008 | no comment
Published in Economy, U.S., 1970s, America One, American Capitalism, Banks, Belgians, Budweiser Beer, Consumer Confidence, Depression, Deregulation, Economy, House Prices, inflation, Open Markets, Oxymoron, Petrol, Recession, Sorry State, Washington Consensus
Hugo Chavez - Soft Spot for the South Bronx
Posted by Matt in June 13th, 2008 | no comment
Published in U.S., Venezuela, American Capitalism, American Subsidiary, Citgo Petroleum, Congressional District, Hugo Chavez, Largess, Love Affair, Oil Company, Pockets, Population, Poverty, President Of Venezuela, Socialist Government, Soft Spot, South American Country, South Bronx
That man, Hugo Chávez, the president of Venezuela, began his love affair with the Bronx during a visit in 2005. Since then, he and his socialist government have funneled millions of dollars of aid to the South Bronx, home to New York’s poorest Congressional district, through Citgo Petroleum, the American subsidiary of Venezuela’s state-owned oil [...]
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