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Posts Tagged ‘policy’

Tom Hayden: Obama vs. Clinton on Honduras?

Apparent differences between Barack Obama and Hillary Clinton are threatening to confuse American policy towards the coup in Honduras.

Ukraine’s Tymoshenko calls for “reset” of ties with Russia

Kiev should build relations with Moscow on principles of equality without sacrificing national interests, which would require a “resetting,” says Ukraine’s PM. Yulia Tymoshenko said leading countries “have declared a policy of resetting relations with Russia” and that Ukraine should also “build a harmonious and balanced relationship with our largest neighbor in an honest and transparent way.”

Bank airs double-dip recession fears

• Deputy governor Charles Bean says base rate must not rise too soon
• US treasury secretary Tim Geithner warns of challenges ahead on road to recovery

The deputy governor of the Bank of England pledged tonight to remove Britain’s emergency economic policy boost slowly after a warning from the US treasury secretary, Tim Geithner, that the global economy was still at risk of a double-dip downturn.

Charles Bean, one of two deputies at Threadneedle Street, said a time would come when the Bank’s monetary policy committee would need to push up interest rates from 0.5% and reverse the programme of quantitative easing, which boosts the cash available for lenders.

“But we don’t want to do it too early and nip the recovery in the bud,” Bean said, speaking in Yorkshire as part of a nationwide tour to explain the Bank’s approach to monetary policy.

The deputy governor expressed optimism that the economy would be on the mend by early next year – sentiments echoed by the chancellor, Alistair Darling, and Geithner, after a meeting in London today today to discuss the next steps in fighting the two-year global crisis.

Geithner expressed confidence that President Obama’s $800bn (£500bn) stimulus package would boost recovery prospects in the second half of this year.

“We have a very powerful set of policies in place, coming on stream,” he said. “I think there is a very good chance we will see the US economy and the world economy get back to recovery, get growing again, over the next few quarters.”

Darling said: “In this country we are coming through the severest downturn in 60 years. The measures we have taken are having an effect. I am confident growth will return at the turn of the year.”

Geithner said measures adopted so far had helped provide a base for recovery: “Policy has been effective in arresting and mitigating the force of the storm.”

The US treasury secretary was speaking after meetings with Gordon Brown, Darling, Mervyn King, the governor of the Bank of England, and Lord Turner, the chairman of the Financial Services Authority, to discuss the agenda for the G20 summit in Pittsburgh in September.

Asked whether there was a possibility of a double-dip recession, Geithner added: “In my view there are still significant risks and challenges ahead.”

He said that reform of the financial sector had to ensure that institutions took a more conservative approach to risk-taking; that the regulatory framework was broadened to include sectors currently unregulated; and that consumers and investors were protected against “manipulation and fraud”.

Despite what Geithner called a “remarkably strong consensus” on elements of a reform package, the Pittsburgh summit is likely to outline broad principles rather than introduce specific new measures to tighten up regulation and supervision.

A report published by the British Retail Consortium (BRC), showing that spending in shops rose 1.4% on a like-for-like basis in the year to June, will come as welcome news to the chancellor.

“June’s sunshine gave overall sales a much-needed boost,” said Stephen Robertson, director general of the BRC. “The heatwave helped food retailers and got customers buying outdoor goods, such as garden furniture, pools and picnic ware.

“Clothing clearance sales coincided nicely with the upsurge in demand for summer wear. But the sun knocked sales of furniture and homewares, as people focused on the outdoors. Given the uncertainty about jobs, customers are still nervous about spending on non-essentials.”

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds


Carl Pope: United We Stand; Divided We’re Falling

Sadly, in the way that matters, and in the place that matters, our energy policy is running in place instead of moving forward. This morning…

Progressive Ideas Network: Ideology is Missing Element of Progressive Strategy

Ideology is Missing Element of Progressive Strategy By Sean Thomas-Breitfeld, Center for Community Change In spite of the possibility that November’s election created for transformational…

Solana, Serbian officials meet in Belgrade

EU foreign policy chief Javier Solana began his visit to Belgrade today with a meeting with Serbian Foreign Minister Vuk Jeremić. They expressed their confidence that the citizens of Serbia will soon receive good news from Brussels in regards to the visa regime liberalization.

Sheldon Filger: Will China’s Economic Crisis Worsen Due to Stimulus Spending?

How ironic that the savior of global capitalism is determined to be the largest Communist state still in existence.

Robert Wright: Why the “New Atheists” are Right-Wing on Foreign Policy

It must strike progressive atheists as a stroke of bad luck that Christopher Hitchens, leading atheist spokesperson, happens to have hawkish views on foreign policy. After all, with atheists an overwhelmingly left-wing group, what were the chances that the loudest infidel in the western world would happen to be on the right? Actually, the chances were pretty good. When it comes to foreign policy, a right-wing bias afflicts not just Hitchens’s world view, but the whole ideology of “new atheism.”

Michael Likosky: A Fashion Foreign Policy

On the campaign trail, President Obama made a well-received promise to put more value on American labor when negotiating trade deals. He spoke of revisiting…

Đelić on visas, Kosovo status

Ahead of EU foreign policy chief Javier Solana’s meetings with Serbia’s senior officials, guests on a B92 TV program debated the issues of Kosovo and visas. “He is surely coming to announce to us what will happen on Wednesday, July 15, and as Mr. [EC Vice President Jacques] Barrot said when we met in Brussels three weeks ago, the decision the “visa Bastille” for Serbian citizens will fall one day after the French Bastille Day, therefore, on July 15,” Deputy Prime Minister Božidar Đelić said.

Solana: Serbia’s progress “irreversible”

EU foreign policy chief Javier Solana says that Serbia is progressing “irreversibly” toward a future in the EU, according to Beta news agency. Ahead of his trip to the region, Solana said that Serbia must sustain the high level of cooperation with the Hague Tribunal “indicated by Prosecutor Serge Brammertz in his last report, which EU members noted”.

Stephen Schlesinger: Obama’s Internationalism: Echoes of FDR, HST and JFK

Obama’s words represent a continuation of the historic tradition of internationalism in the Democratic Party that has helped build America into the most powerful land on earth.

Holder Now Leaning Towards Investigating Bush Admin’s Torture Policy

These are not just the philosophical musings of a new attorney general. Holder, 58, may be on the verge of asserting his independence in a profound way. Four knowledgeable sources tell NEWSWEEK that he is now leaning toward appointing a prosec…

Rachel Natelson: Athena Crossing the Potomac

For the past few weeks, the anniversary of the birth of the modern gay rights movement has prompted renewed demands for the full integration of…

Cynthia Gordy: Will Obama Set a New Tone in Africa?

Amid the anticipated media narrative, of Ghana excitedly welcoming the first Black President on his first trip to sub-Saharan Africa, many are also wondering about the substance.

Obama wants to end African conflicts

US president to emphasise democratic goals for African countries during speech to Ghanaian parliament

The US is planning a dramatically more assertive policy in Africa, sometimes backed by a threat of force, to end conflicts in the Democratic Republic of Congo and Nigeria that are seen as among the principal obstacles to the continent’s revival.

Barack Obama is to address Ghana’s parliament tomorrow on his first visit to Africa as president with a speech that is expected to emphasise that the key to prosperity is democratic, accountable government. But an important part of the new administration’s policy will focus on ending key conflicts through more forceful diplomatic initiatives after years of drift by the Bush administration.

The White House is shortly to appoint a special envoy to central Africa with a brief to tackle a web of conflicts that have afflicted eastern Congo for 15 years,and destabilised the region, in the belief that the success or failure of one of the continent’s largest countries will decide central Africa’s future.

A senior administration source said that the US believes the primary problem is the Democratic Front for the Liberation of Rwanda (FDLR), which is led by men wanted for the 1994 genocide of Rwanda’s Tutsis who fled to Congo and controls swaths of territory close to Rwanda’s border.

The source said that the priority will be to break the FDLR leadership with a mix of diplomatic pressure, including the prospect of war crimes trials, backed by the establishment of “a more professional force” to replace the ill-trained troops serving in the UN largest peacekeeping mission who have failed to contain the conflict. However, the source said that there is a belief that the threat may be enough to force the FDLR to give up the fight. He said that the make-up of such a force is unresolved.

The initiative will also focus on confronting the Lords Resistance Army, a particularly brutal Ugandan rebel group also based in Congo. But the source said that broader pacification will require more interventionist diplomacy to press other countries such as Rwanda and Uganda that contribute to the destabilisation to recognise that their security is intertwined with Congo’s success.

The administration is also eyeing the continuing violent upheaval in the Niger Delta which is a major source of America’s oil imports amid deep scepticism over the capabilities of President Umaru Yar’Adua who is seen as weak and indecisive as his country fragments.

The conflict is deepening with several rebel groups and parts of the military now acting as warlords and some major oil companies warning that they are considering pulling out of the region altogether.

But the emphasis there is likely to remain firmly diplomatic as the US presses Yar’Adua to address seriously the issues of impoverishment, environmental devastation and endemic corruption that have alienated people in the delta and given rise to rebel groups and armed gangs that now control large parts of the region.

However there are fears that US intervention could result in the further militarisation of the continent. Confronting the FDLR is likely to draw in the US Africa Command (Africom) which is increasingly involved in conflicts on the continent, including overseeing a botched Ugandan attack on LRA rebels in Congo.

The US military is also now supplying weapons to the fragile government in Somalia as it tries to stave off Islamist insurgents. The Americans also allied themselves closely with Ethiopia’s repressive regime during its attack on Somalia.

Daniel Volman, director of the African Security Research Institute, one of three dozen organisations which wrote an open letter to Obama urging him to reverse the militarisation of US policy in Africa, said Africom’s growing role will further destabilise the continent.

“It encourages governments to rely on the use of force to deal with internal problems, to avoid democracy, to avoid addressing the internal issues these African countries face,” he said.

“The US is now engaged in a major new military project in Somalia, providing arms and ammunition to the Somali government there, encouraging countries like Burundi and Rwanda which have peacekeeping forces there to conduct military training so we don’t send to have our own troops there, all of which encourages that government to seek a military solution instead of developing a political solution to the kind of problems that exist.”

There remain deep divisions over other aspects of Africa policy, especially Darfur. Before his election, Obama promised strong action against the Sudanese regime but the state department is at odds with itself on the crisis. The US ambassador to the UN, Susan Rice, believes the Khartoum leadership is not to be trusted and wants a hard line taken with Sudan but others argue that the conflict has been over simplified and that it is in any case largely over.

However, when Obama addresses Ghana’s parliament tomorrow, his focus will be on democratisation as the path to Africa’s revival.

“This isn’t some abstract notion that we’re trying to impose upon Africa,” he told allAfrica.com. “There is a very practical pragmatic consequence to political instability and corruption when it comes to whether people can feed their families, educate their children. And we think that the African continent is a place of extraordinary promise as well as challenges. We’re not going to be able to fulfil those promises unless we see better governance.”

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds