Shorter Commentary on News Headlines
The big news over the weekend was of course the massacre in Houla, Syria which left 108 people dead. Russia continues to impede progress by refusing to take a united stance against the Assad regime. An important vantage on the situation comes from the Women Under Siege project which has been documenting the use of violence against women.
Economist Paul Krugman discusses “Big Fiscal Phonies” and how despite Republican claims that they are opposed to the deficit, Republican budget proposals would increase the deficit.
The Alphaville on the Financial Times and the Economist give two different perspectives on China. The Financial Times indicates that China is on the verge of a housing bubble bursting . On the other hand the Economist argues, “China’s economy will not crash. Like the high-wheeled penny-farthing, which rolled serenely over bumps in the road, it is good at absorbing the jolts in the path of any developing country.” Truthfully I find the Financial Times evidence more convincing then that of the economist. The important question be must ask is if China has a crash what will be the effect of this behemoths fall on the world economy and that of the United States:
The first round in the Egyptian elections are over and everyone is waiting with anticipation to see what direction Egypt will take. It’s sad that Egypt’s elections could not be conducted as peacefully as one might have hoped.