Archive for March, 2008
The Fed, Bear Sterns, and JP Morgan
Sunday, March 30th, 2008So I’m sure you heard all about how the Fed was stepping in to save Bear Sterns from imminent disaster; but maybe you weren’t quite sure how it all worked. Business Week has a detailed breakdown explaining what the Fed is doing and why it may never have done anything like that before. From the [...]
Who are the central bankers working for?
Tuesday, March 25th, 2008Big central banks such as the Federal Reserve Bank or the European Central Bank are supposed to be looking out for the interests of the people, working to stave of financial disaster. At least, that is what common wisdom holds. Unfortunately, recent monetary moves by the Fed seem to show otherwise. Unless you’ve been living [...]
Venezuela and Ecuador vs… Colombia?
Friday, March 7th, 2008As reported by James J. Brittain and R. James Sacouman in the excellent on-line newspaper Venezuelanalysis,
On March 1, 2008, the Colombian state, under the leadership of Uribe, Vice-President Francisco Santos Calderón, and his cousin Defence Minister Juan Manuel Santos, illegally deployed a military campaign within Ecuador, which resulted in the deaths of Raúl Reyes, [...]