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Pedro Gonçalves

Greek pro-bailout conservatives regain lead - polls | Reuters - 0 views

  • New Democracy would get between 25.6 percent and 27.7 percent of the vote if the election was held today, according to the polls by Eleftheros Typos/Pulse, Proto Thema/Alco, Real News/MRB, To Vima/Kapa and Ethnos/MARC. SYRIZA's support was between 20.1 and 26 percent.According to the Pulse and MARC polls, New Democracy and the next-biggest pro-bailout party, the socialist PASOK, would together win a parliamentary majority of between 11 and 16 seats in the country's 300-seat parliament.
  • Sixty-five percent of respondents in the Ethnos/MARC survey said that the country should "negotiate hard" to revise the bailout's terms, while 54 percent believed that there was no way Athens could leave the euro. A total of 82 percent said the country should keep the single currency.
  • "We're not willing to pour money into a bottomless pit," German Interior Minister Hans-Peter Friedrich told newspaper Leipziger Volkszeitung.IMF chief Christine Lagarde said Greeks had to take responsibility for their fate, adding that deprived children in Africa needed more help than people in Greece."I think they (the Greeks) should help themselves collectively ... by all paying their tax," she was quoted as saying in an interview with Britain's Guardian newspaper.
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  • Analysts said New Democracy's lead was precarious. "These polls show that people got scared from SYRIZA's lead in previous surveys," said political analyst John Loulis."This is still a very tight race. New Democracy has a small advantage but whoever called them favourites would be dead wrong," he added.
  • SYRIZA, led by its charismatic 37-year old leader Alexis Tsipras, is doing particularly well among the young who are particularly hit by unemployment, pollster Pulse said.New Democracy, by contrast, had a big lead among the over-60s, Pulse said.
  • In a bid to woo anti-bailout voters, conservative leader Samaras said on Saturday Greece should be given more time to comply with a bailout term to generate about 11.5 billion euros in savings over the next two years."All new spending cuts ... should take place over four years, not two," he was quoted as saying by Real News.
  • Without new bailout funds, Athens may run out of cash by end of June, newspaper To Vima reported, citing a memo compiled by former Prime Minister Lucas Papademos on May 11."From June 20, the government's available cash will cross negative territory to the tune of 1 billion euros," the document said, confirming earlier reports by finance ministry officials that Greece might run out cash by the end of June.
Alex Jhon

Christmas Loan New Zealand - 1 views

Christmas comes in New Zealand in the mid of the summer vacation. And it is just around the corner. All around are the astounding decors, the lavish Christmas trees, the expensive gifts and the e...

Personal Loan Documents Contracts Secured Agreement

started by Alex Jhon on 21 Dec 11 no follow-up yet
Pedro Gonçalves

Greeks to decide euro membership in nail-biter vote | Reuters - 0 views

  • EU partners have warned that no more bailout money will be handed to Greece, which is expected to run out of cash in weeks, unless it meets its budget and reform pledges. Tsipras says the EU is bluffing and that he wants to keep Greece in the euro."If one country leaves the euro, the euro zone collapses," he told Greek TV on Thursday. "If they don't give us the next loan installment, the euro zone will collapse the day after."
  • Analysts say it will be a Pyrrhic victory for whoever wins - Samaras will find it hard to govern for long with an empowered Tsipras protesting at the gates and Tsipras will realise he is inheriting a state on the verge of bankruptcy without bailout funds."It's possible that we will have a collapse no matter who is in government," said Yanis Varoufakis, a professor of economics at Athens University. "There is no easy solution."
Argos Media

New Status in Africa Empowers an Ever-Eccentric Qaddafi - NYTimes.com - 0 views

  • Colonel Qaddafi’s selection last month to lead the 53-nation African Union coincided with his emergence as a welcomed figure in Western capitals, where heads of state are eager to tap Libya’s vast oil and gas reserves and to gain access to virgin Libyan markets. Once vilified for promoting state terrorism, Colonel Qaddafi is now courted.
  • He has used his new status to promote his call for a United States of Africa, with one passport, one military and one currency. He has blamed Israel for the conflict in the Darfur region of Sudan, defended Somali pirates for fighting “greedy Western nations” and declared that multiparty democracy was not right for the people of Africa.
  • African heads of state view him suspiciously, and his one-Africa agenda is generally dismissed as unworkable. But he is embraced for his growing status in the West, the lack of credible alternatives across the continent and his money. Many stories are told in Tripoli of African leaders visiting Colonel Qaddafi and leaving with suitcases full of cash, stories that cannot be confirmed but that have become conventional wisdom.
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  • Diplomats here said it gave him leverage in keeping African and European leaders listening and their doors open. If Libya sent all the migrants home, they would become a burden to poorer African nations, which would have to absorb them while losing out on the remittances they send home. At the same time, diplomats here said, Libya has made it plain to European countries, especially Italy, that if Libya chose to look the other way, most of those migrants would head for European shores. “It’s a kind of soft power they use,” said one Western diplomat who works on Libyan affairs but requested anonymity for fear of antagonizing Libyan authorities.
Argos Media

US will appoint Afghan 'prime minister' to bypass Hamid Karzai | World news | guardian.... - 0 views

  • The US and its European allies are ­preparing to plant a high-profile figure in the heart of the Kabul government in a direct challenge to the Afghan president, Hamid Karzai, the Guardian has learned.The creation of a new chief executive or prime ministerial role is aimed at bypassing Karzai. In a further dilution of his power, it is proposed that money be diverted from the Kabul government to the provinces. Many US and European officials have become disillusioned with the extent of the corruption and incompetence in the Karzai government, but most now believe there are no credible alternatives, and predict the Afghan president will win re-election in August.
  • As well as watering down Karzai's personal authority by installing a senior official at the president's side capable of playing a more efficient executive role, the US and Europeans are seeking to channel resources to the provinces rather than to central government in Kabul.
  • The idea of a more dependable figure working alongside Karzai is one of the proposals to emerge from the White House review, completed last week. Obama, locked away at the presidental retreat Camp David, was due to make a final decision this weekend.Obama is expected to focus in public on overall strategy rather than the details, and, given its sensitivity, to skate over ­Karzai's new role. The main recommendation is for the Afghanistan objectives to be scaled back, and for Obama to sell the war to the US public as one to ensure the country cannot again be a base for al-Qaida and the Taliban, rather than the more ambitious aim of the Bush administration of trying to create a European-style democracy in Central Asia.Other recommendations include: increasing the number of Afghan troops from 65,000 to 230,000 as well as expanding the 80,000-strong police force; ­sending more US and European civilians to build up Afghanistan's infrastructure; and increased aid to Pakistan as part of a policy of trying to persuade it to tackle al-Qaida and Taliban elements.
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  • No names have emerged for the new role but the US holds in high regard the reformist interior minister appointed in October, Mohammed Hanif Atmar.
  • The risk for the US is that the imposition of a technocrat alongside Karzai would be viewed as colonialism, even though that figure would be an Afghan. Karzai declared his intention last week to resist a dilution of his power. Last week he accused an unnamed foreign government of trying to weaken central government in Kabul."That is not their job," the Afghan president said. "Afghanistan will never be a puppet state."
Argos Media

BBC NEWS | Europe | Crowds march against Naples mafia - 0 views

  • Thousands of Italians have marched through Naples in one of the largest anti-mafia protests of recent years. Police said 100,000 people gathered for the protest, held annually on the first day of spring.
  • They called for more police action against mafia clans, who have killed more than 900 people in recent decades.
  • Organised crime in Italy is dominated by four mafia clans: Sicily's Cosa Nostra; the Camorra around Naples; Calabria's 'Ndrangheta; and the Sacra Corona Unita, in Puglia. The Italian authorities have hit the Cosa Nostra hard in recent years, says the BBC's Mark Duff in Milan, but other groups maintain their grip and have seen their influence spread. The global economic downturn has also thrown up fresh money-making opportunities for the mafia - such as lending cash to credit-starved businessmen.
Argos Media

Pope claims condoms could make African Aids crisis worse | World news | guardian.co.uk - 0 views

  • The Pope today reignited the controversy over the Catholic church's stance on condom use as he made his first trip to Africa.The pontiff said condoms were not the answer to the continent's fight against HIV and Aids and could make the problem worse.
  • The pontiff, speaking to journalists on his flight, said the condition was "a tragedy that cannot be overcome by money alone, that cannot be overcome through the distribution of condoms, which even aggravates the problems".
  • "It is of great concern that the fabric of African life, its very source of hope and stability, is threatened by divorce, abortion, prostitution, human trafficking and a contraception mentality," he added.
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  • Addressing bishops from South Africa, Botswana, Swaziland, Namibia and Lesotho who had travelled to the Vatican for papal audience, he said: "The traditional teaching of the church has proven to be the only failsafe way to prevent the spread of HIV/Aids."
  • More than two-thirds – 67% – of the global total of 32.9 million people with HIV live in sub-Saharan Africa.
  • Africa is the fastest-growing region for the Roman Catholic church, which competes with Islam and evangelical churches.
  • Benedict dismissed claims that he was facing increasing opposition and isolation within the church, particularly after an outreach to ultra-conservatives led to him lifting the excommunication of a Holocaust-denying bishop."The myth of my solitude makes me laugh," he said
Argos Media

Reform Candidate Withdraws in Iran - NYTimes.com - 0 views

  • Reversing a decision made five weeks ago, Mohammad Khatami, Iran’s reformist former president, has decided to withdraw from the June presidential race to support a political ally, the country’s semiofficial news agency reported Tuesday.
  • The Fars news agency on Tuesday quoted a statement from Mr. Khatami that said, “I announce my withdrawal from candidacy.”
  • “He does not want to compete with Mir-Hussein Moussavi,” said Mr. Leylaz, referring to a former prime minister who announced last week that he would run in the presidential election on June 12. President Mahmoud Ahmadinejad is expected to seek re-election.
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  • “The most important goal is to prevent Mr. Ahmadinejad from re-election, not to get Mr. Khatami elected,” Mr. Leylaz said. “The chances of getting a reformist president elected would decrease if we have several candidates running.”
  • In the meeting on Sunday, Mr. Khatami told campaign staff members that Mr. Moussavi might stand a better chance of winning than he would, the Mehr news agency reported.“Opponents want to divide my supporters and supporters of Moussavi,” Mr. Khatami was quoted as saying. “It is not in our interest. Also, some conservatives are supporting Moussavi.”He added, “Moussavi is popular and will be able to execute his plans, and I prefer he stays in the race.”
  • Mr. Leylaz said that Mr. Moussavi’s announcement to run came unexpectedly last week, even though Mr. Khatami had consulted with him before announcing his own bid for the office on Feb. 8. Before the announcement, Mr. Khatami had said that he would run only if Mr. Moussavi did not, to avoid diluting the reformist vote.“Mr. Khatami was offended and felt betrayed,” Mr. Leylaz said.
  • Mr. Khatami, 65, won a landslide victory in 1997 and was in office for two terms until 2005. A charismatic leader, he was expected to draw considerable support in the coming election. More than 20,000 supporters showed up at his speech last week in the southern city of Shiraz, despite government restrictions.
  • Mr. Moussavi was the country’s prime minister from 1980 to 1988. He is well remembered by many Iranians for managing the country during its eight-year war with Iraq. His presidential platform is not yet clear, but in the past he supported protectionist economic policies.
  • Mr. Ahmadinejad is supported by the conservative Iranian establishment, but his economic policies have unleashed inflation of over 25 percent, and two major setbacks last week suggested that he might be losing support ahead of elections.
  • Last week, Parliament rejected a major element of his proposed budget to cut energy subsidies and to distribute the money directly among the poor.
Argos Media

BBC NEWS | Europe | Renault jobs row rocks EU summit - 0 views

  • A new row over French protectionism has broken out, as EU leaders hold a summit in Brussels on the economic crisis. It followed the news that carmaker Renault was moving some production from Slovenia to create 400 jobs in France. The European Commission said it would seek urgent clarification. It comes only weeks after the EU agreed France could give state aid to its carmakers.
  • The BBC's Oana Lungescu in Brussels says the row over Renault could not have come at a worse moment for the EU, just as its leaders are calling on the US and others to tackle the global crisis by avoiding all forms of protectionism.
  • The argument erupted after French industry minister Luc Chatel told French radio that Renault would relocate part of its production from Slovenia to a plant at Flins, near Paris, creating 400 jobs there. A Renault spokeswoman said the company intended to increase production both in Slovenia and France and the shift was intended to meet a shortfall in capacity at its Slovenian plant. It denied the move was linked to a pledge to keep jobs in France in exchange for state aid. But EU competition commission Neelie Kroes told the BBC she was highly surprised and was seeking urgent clarification from the French authorities. Ms Kroes said she had received a pledge from Mr Chatel just a few weeks ago that an $8bn state bail-out for carmakers would not be linked to moving jobs to France, our correspondent reports.
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  • If the aid proves to be linked, Ms Kroes said, it is illegal under EU rules and should be paid back.
  • Last month, the French auto bail-out plan sparked a protectionism row after Mr Sarkozy suggested on TV that the money should not be used to rescue French-owned factories in Eastern Europe.
Argos Media

BBC NEWS | Africa | Pressure grows on Madagascar head - 0 views

  • Madagascar's opposition leader has said he has a mandate to lead a transitional government, hours after troops stormed one of the president's palaces. Speaking to the BBC, Andry Rajoelina denied that the dramatic seizure of the palace amounted to a coup. But he said that the President Marc Ravalomanana no longer had the right or the power to run the country. President Ravalomanana, holed up in another palace, was quoted as saying he was prepared to die with his guards.
  • The African Union condemned the "attempted coup d'etat" and called on Madagascar to respect its constitution.
  • A fierce power struggle on the Indian Ocean island has triggered a military mutiny, looting and violent protests that have left at least 100 people dead since January.
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  • Earlier, Mr Rajoelina had called for the arrest of the president and won public backing from the self-declared head of the armed forces.
  • Our correspondent says Mr Rajoelina has wrapped himself in the cloak of democracy, but he wants to replace an elected head of state without going to a ballot.
  • The opposition leader, a 34-year-old former disc jockey, says the president is a tyrant who misspends public money.
  • Mr Rajoelina said he wanted a transitional government that would organise elections in the next 18 to 24 months "at the very latest". "I have the mandate of more than 60 political parties in Madagascar to lead this transition, so it isn't a coup at all," he said. Col Andre Ndriarijaona, who last week said he had replaced the military chief of staff, told AFP news agency that soldiers had seized the presidency "to hasten Ravalomanana's departure".
  • The army has traditionally remained neutral during periods of political volatility since independence from France in 1960. Col Ndriarijaona claimed it was now almost wholly behind the opposition.
  • Under President Ravalomanana, Madagascar's economy has opened up to foreign investment, particularly in the mining sector. But 70% of the 20 million population still lives on less than $2 (£1.40) a day and correspondents say the opposition has tapped into popular frustration at the failure of this new wealth to trickle down.
Argos Media

BBC NEWS | Europe | EU ministers suspend aid to Hamas - 0 views

  • EU foreign ministers have endorsed a temporary halt to direct aid to the Palestinian government led by Hamas.
  • The Palestinian Authority (PA) has received about $600m (500m euros; £340m) a year in aid from the EU since its foundation in 1994, with another $400m coming from the US.
  • The European Commission said last week that the suspension of direct aid from the EU would mean $36.9m (30m euros; £21m) was at stake in the immediate future.
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  • Hamas is complaining of international blackmail, and supporters joined protests outside the building where EU representatives are based in Gaza City. BBC Arab affairs analyst Magdi Abdelhadi says both the EU and the US have been looking into ways to channel money into Palestinian society, possibly through the UN or aid agencies, to keep basic services running.
  • Hamas, which won elections in January, is described as a terrorist group by the EU and the United States. The EU, the biggest aid donor to the Palestinians, is expected to maintain some humanitarian aid.
Argos Media

BBC NEWS | Americas | US to boost Mexico border defence - 0 views

  • The US government is to increase security at the country's border with Mexico in an attempt to combat drug cartels, the White House has announced. Immigration, customs and anti-drug agents and gun law enforcement officers will be reinforced as part of a $700m (£475m) undertaking.
  • Some 8,000 have died in Mexico in the past two years in drug gang turf wars. The south-west US has also seen rising violence and kidnappings.
  • The money will come out of funds already allocated by the US Congress to assist Mexico in its fight against the drug cartels.
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  • Earlier this year, a study by the US Department of Defence warned that Mexico was in danger of becoming a failed state because of the drug gangs.
  • Gang-related violence claimed the lives of some 6,000 people in 2008 and so far this year more than 1,000 have been killed as gangs fight both one another for territory and the police and troops sent to tackle them.
Argos Media

Personalized Ads Pack Bigger Punch - eMarketer - 0 views

  • US ad viewers want to be targeted, but privacy concerns linger.
  • According to ChoiceStream, 41% of US Internet users surveyed said they paid more attention to advertising that was personalized. And nearly the same proportion of respondents (39%) said they were more willing to click on such personalized ads.
  • Forty-five percent of Internet users surveyed in a 2008 Harris Interactive study said they were uncomfortable with Website policies that allow behavioral targeting. Some 57% of respondents in a TNS Global and TRUSTe poll indicated they were worried about advertisers using their browsing history to serve them relevant ads.
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  • Still, Internet users respond to personalization, and according to ChoiceStream, the more money viewers spend online, the more likely they are to respond
Argos Media

BBC NEWS | Asia-Pacific | China expects 2010 world recovery - 0 views

  • Mr Wen said confidence would be necessary to overcome China - and the world's - economic difficulties. "Confidence is more important than gold or money," he said
  • Opening the NPC session nine days ago, Mr Wen said that this year would be the most difficult China has faced this century. Two days ago, official figures were released showing that Chinese exports plunged by more than a quarter in February from a year ago, to $64.9bn (£47.3bn), and imports fell by 24.1% to $60.1bn.
  • The government is targeting annual growth of 8% and wants to boost consumption and raise consumer demand.
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  • Correspondents say the Communist Party fears that if annual growth slips below 8%, there will be social instability.
  • He said he was worried, however, about the safety of the huge amount of China's foreign exchange reserves invested in US government bonds. "We have made a huge amount of loans to the United States. Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried," Mr Wen said
  • Nearly half of China's $2tn in currency reserves is invested in US treasury bills and other government-affiliated notes, the Associated Press news agency said.
  • "Tibet's peace and stability and Tibet's continuous progress have proven the policies we have adopted are right," Mr Wen said.
  • Mr Wen also pressed France to clarify its position on Tibet, saying this was necessary to improve relations. French President Nicolas Sarkozy incurred Beijing's wrath when he met the Dalai Lama in December last year. "The problems that have arisen between China and France arose mainly because the French leader met the Dalai Lama in a prominent way, and this not only involved the core interests of China, it also seriously harmed the feelings of the Chinese people," Mr Wen said.
Argos Media

BBC NEWS | Americas | US Congress eases curbs on Cuba - 0 views

  • Cuban-Americans will be allowed to travel to the island once a year and send more money to relatives there. Curbs on sending medicines and food have also been eased. The measures were part of a $410bn bill to fund US government operations.
Argos Media

BBC NEWS | Middle East | Boos as Lebanon camp is rebuilt - 0 views

  • The United Nations has laid a foundation stone at the Nahr al-Bared camp in northern Lebanon to mark the formal start of reconstruction there. The Palestinian refugee camp was destroyed in heavy fighting between Islamist militants and the Lebanese army in 2007.
  • there is not enough money to rebuild completely, and some of its residents booed as work began.
  • Only 50m (165 feet) away from the VIP guests, several hundred Palestinian refugees booed from behind barbed wire.
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  • Palestinians have been here for more than 60 years - since the creation of Israel - but they are still barred from at least 70 professions, have no access to state education or healthcare, and cannot move freely or buy land. These conditions turn the Palestinian camps into a breeding ground for extremism, a time bomb which will inevitably explode according to a recent report by the think tank, the International Crisis Group.
Pedro Gonçalves

France24 - Voters say 'no' to repaying Dutch and UK Icesave losses - 0 views

  • Iceland's socialist government was surveying the damage Sunday after a referendum rejected a deal to pay Britain and the Netherlands billions for losses in the collapse of the Icesave bank.    As expected, Icelanders overwhelmingly voted down the deal in Saturday's referendum, with some 93.6 percent of voters lined up on the "no" side after more than 50 percent of the votes had been counted.    Only 1.5 percent of voters had so far voted "yes" to the Icesave deal, said RUV public broadcaster which compiles all electoral statistics.
  • Icelanders were asked to vote on whether the country should honour an agreement to repay Britain and the Netherlands 3.9 billion euros (5.3 billion dollars) by 2024.    This would be to compensate them for money they paid to 340,000 of their citizens hit by the collapse of Icesave in 2008.    Some observers had warned that a "no" vote might result in the International Monetary Fund blocking the remaining half of a 2.1-billion dollar rescue package.    It could also hit European Union and euro currency membership talks, Iceland's credit rating and destabilise the leftwing government, which negotiated the agreement in the first place, they argued.
  • Grimsson said that while Icelanders were not against compensating Britain and the Netherlands, many considered that the repayment conditions, and especially the high 5.5-percent interest rate agreed upon, were exorbitant.    "The people of Iceland, farmers, fishermen, teachers, nurses, are by and large willing to repay to Britain and the Netherlands what is equal to over 20,000 euros per depositor," Grimsson said.    "But they are not ready to pay a very high interest rate so that the British and Dutch governments would make a huge profit off this whole exercise."
Larry Keiler

BBC News - British men named as assassins shocked by claims - 1 views

  • Israel-based UK citizens whose names were on passports an alleged hit squad used insist they had nothing to do with killing a Hamas commander in Dubai.
  • Israeli Foreign Minister Avigdor Lieberman told Army Radio: "There is no reason to think that it was the Israeli Mossad, and not some other intelligence service or country up to some mischief." Israel had a "policy of ambiguity" on intelligence matters, he added.
    • Larry Keiler
       
      Use the diplomatic version of 'Follow the money' and you pretty much conclude that it's Israel which has the most to benefit. And Israel has been known to do things like this before. But in the world of realpolitik, all governmental allies of Israel (including Britain) will simply wink and look the other way. The statement: "If the Israeli government was party to behaviour of this kind it would be a serious violation of trust between nations," is merely for public consumption.
  • UK's Foreign and Commonwealth Office said it believed the passports used were fraudulent and had begun an investigation.
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  • Another two men, one using a French passport and one using a German passport, are also suspected of playing parts in the assassination.
  • The French foreign ministry said it was "not able to confirm the nationality of this person", according to the AFP news agency. German officials said the passport number was either incomplete or wrong, the Associated Press news agency reported.
  • Mr Mabhouh was murdered in his hotel room in Dubai on 20 January. Reports have suggested he was in Dubai to buy weapons for the Palestinian Islamist movement, Hamas. Hamas has accused Israeli agents of killing him.
Pedro Gonçalves

When Did the American Empire Start to Decline? | Stephen M. Walt - 0 views

  • the Clinton administration entered office in 1993 and proceeded to adopt a strategy of "dual containment." Until that moment, the United States had acted as an "offshore balancer" in the Persian Gulf, and we had carefully refrained from deploying large air or ground force units there on a permanent basis. We had backed the Shah of Iran since the 1940s, and then switched sides and tilted toward Iraq during the 1980s. Our goal was to prevent any single power from dominating this oil-rich region, and we cleverly played competing powers off against each other for several decades. With dual containment, however, the United States had committed itself to containing two different countries -- Iran and Iraq -- who hated each other, which in turn forced us to keep lots of airplanes and troops in Saudi Arabia and Kuwait. We did this, as both Kenneth Pollack and Trita Parsi have documented, because Israel wanted us to do it, and U.S. officials foolishly believed that doing so would make Israel more compliant during the Oslo peace process. But in addition to costing a lot more money, keeping U.S. troops in Saudi Arabia for the long term also fueled the rise of al Qaeda. Osama bin Laden was deeply offended by the presence of "infidel" troops on Saudi territory, and so the foolish strategy of dual containment played no small role in causing our terrorism problem. It also helped derail several attempts to improve relations between the United States and Iran. Dual containment, in short, was a colossal blunder.
  • But no strategy is so bad that somebody else can't make it worse. And that is precisely what George W. Bush did after 9/11. Under the influence of neoconservatives who had opposed dual containment because they thought it didn't go far enough, Bush adopted a new strategy of "regional transformation." Instead of preserving a regional balance of power, or containing Iraq and Iran simultaneously, the United States was now going to use its military power to topple regimes across the Middle East and turn those countries into pro-American democracies. This was social engineering on a scale never seen before. The American public and the Congress were unenthusiastic, if not suspicious, about this grand enterprise, which forced the Bush administration to wage a massive deception campaign to get them on board for what was supposed to be the first step in this wildly ambitious scheme. The chicanery worked, and the United States launched its unnecessary war on Iraq in March 2003.
  • wrecking Iraq -- which is what we did -- destroyed the balance of power in the Gulf and improved Iran's geopolitical position. The invasion of Iraq also diverted resources away from the war in Afghanistan, which allowed the Taliban to re-emerge as a formidable fighting force. Thus, Bush's decision to topple Saddam in 2003 led directly to two losing wars, not just one. And these wars were enormously expensive to boot. Combined with Bush's tax cuts and other fiscal irresponsibilities, this strategic incompetence caused the federal deficit to balloon to dangerous levels and helped bring about the fiscal impasse that we will be dealing with for years to come.
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  • when future historians search for the moment when the "American Empire" reached its pinnacle and began its descent, the war that began 21 years ago would be a good place to start.
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