Apparent differences between Barack Obama and Hillary Clinton are threatening to confuse American policy towards the coup in Honduras.
Posts Tagged ‘policy’
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.”
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.
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…
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.
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.



