Nearly 600 killed during four-day Syrian “truce”
United Nations envoy Lakhdar Brahimi says the 19-month long crisis in Syria is actually getting worse and requires international action.
One example of how the situation has devolved occurred on Tuesday when Palestinians who back Bashar al-Assad fought with Syrian rebels.
The violence came as the Muslim holiday of Eid concluded – a period in which both sides were supposed to honor a truce.
Rather than laying down arms, according to the Australian, fighting continued and more than 560 people, including 235 civilians, were killed during the four-day period. In addition, pro-Assad troops conducted the heaviest air strikes on rebel forces during the “truce.”
The Next President Faces Multiple Global Challenges
The next president will face a range of challenges from economic stagnation in Europe and a slowdown in growth in Asia to geopolitical tensions in the Middle East, says former Secretary-General of NATO, Javier Solana.
What Is Causing So Much Uncertainty – And Does It Matter?
A recent commentary by three economists argues that political polarization has resulted in greater uncertainty on Wall Street and on Main Street, which has led to a slower recovery and continued high unemployment. It is no secret that the US is facing uncertain times – the fiscal cliff is just one example – but does that uncertainty have economic consequences? In short, yes.
“Uncertainty can retard both investment and hiring as firms become reluctant to make costly decisions that may soon need to be reversed. It can also lead households to adopt a more cautious stance in their spending behaviour.
Greater uncertainty increases risk premiums in financial markets which in turn raises the cost of borrowing for firms and households. By slowing the reallocation of jobs, workers, and capital, uncertainty also undercuts productivity growth and thereby worsens medium- and long-term economic prospects.
The Lessons Of The Great Depression
Monday was the 83rd anniversary of the crash of the stock market that triggered the Great Depression. Barry Poulson, an economics professor at the University of Colorado-Boulder, says there are some lessons that can be learned from how the government responded after the 1929 crash.
For example, Poulson argues that the embrace of additional financial regulations has “created firms that are ‘too big to fail’ while also establishing a moral hazard in which institutions no longer have as much incentive to mitigate their own risk because they expect to be bailed out if another crisis hits.”