Monday, 18 December 2006

Lessons not learned

One of the most commonly heard defenses heard from people who voted for the Iraq war resolution is that they with the “widely-held” belief at the time suggesting that Saddam Hussein possessed weapons of mass destruction and had links to Al Qaeda, and with the American media swallowing this excuse unquestioningly, I think it’s time for a reality check.

Despite David Kay's insistence that we were “all wrong” in Iraq, the evidence says otherwise. Many of the assertions that Bush and Blair made in the run-up to the war were highly dubious and viewed with a high degree of skepticism around the world, particularly in Britain. In the UK the media reported on these doubts in the run-up to the war. This is partly why the war was and has remained so unpopular there, prompting the largest public demonstration in London’s history right before the invasion.

Sunday, 17 December 2006

Counting down...

I really can't believe there's just a little over two weeks till I move. I'd say at this point I'm experiencing about 50 percent excitement and 50 percent apprehension. It's kind of coming in waves. At times I'll start thinking about all the things I want to do once I'm there, where I'll travel, etc, and I get really excited. But then other times I start thinking about the stability I'm leaving behind, and I start wondering whether I really have the ca-hones to do this.

I mean it is a pretty major move. I'm going to be thousands of miles away from my family and friends, plopping myself into a city where I know just one person. I try to reassure myself by remembering how well my move to Chicago went, another time when I was coming into a city not knowing anyone. But in that case I did have a grad program, so I had kind of a ready-made group of friends and support system immediately at my disposal. Same goes for DC. In London I won't have that.

Thursday, 30 November 2006

London Bridge wanna go down

Ouch. Some devastating comments by a state department official Tuesday night regarding the Atlantic Alliance and the UK's traditional role as a bridge between America and Europe. Namely, that it has been irreparably harmed by the Iraq War, and will probably never recover.

Kendall Myers, a senior State Department analyst, told an academic forum that for all Britain’s attempts to influence US policy in recent years, “we typically ignore them and take no notice."

The comments left government officials on both sides of the Atlantic scrambling. Denis MacShane, Labour MP for Rotherham and a former Foreign Office minister, who supported the Iraq war, said: “After the Republican defeat in the midterm election, every little rat who feasted during the Bush years is now leaving the ship. I would respect this gentleman, who I have never heard of, if he had had the guts to make any of these points two or five years ago.”

Wednesday, 29 November 2006

Should Europe cross the Bosporus?

As Pope Benedict XVI continues his 'contrition tour' in Turkey, the world has been attentively scrutinizing the visit. Will the pope’s visit help smooth over the anger created by his recent Islam-bashing? Will he be able to convince Orthodox leaders to unite with him in a holy alliance against European secularism? Will the pope change his stance on Turkey’s entry to the EU?

On this last question we already have an answer. Yesterday the pope told the Turkish prime minister that he gives his blessing to Turkey’s bid to join the EU. This is a complete about-face from his previous assertion that the EU should not admit an Islamic state. It's possible that without the PR nightmare created for the church by his recent comments, he would not have changed his tune.

It remains a difficult question. But first, a bit of history.

Sunday, 26 November 2006

"Arrogant self-delusion"

Wow. Did anyone else see Jordan's King Abdullah on This Week this morning? His observation that the middle east could see three simultaneous civil wars in 2007 was really scary. He painted a scenario in which the Palestinians, Iraq and Lebanon all descend into civil war and chaos. This would be an earth-shattering catastrophe that could easily spread even further to neighboring countries.

And as long as we're talking about all things shocking GOP Senator Chuck Hagel's editorial in today's Washington Post literally made my jaw drop to the floor. It was probably the most sobering, brutal and realistic assessment of what has happened and what needs to happen in Iraq to ever come from a Republican. And it's dead on.

Monday, 20 November 2006

The pitfalls of market regulation

Here's some interesting news this morning from London. The NASDAQ has made a proposal to buy the London Stock Exchange. The LSE has rejected the first offer, but analysts are saying they expect this deal to eventually go through.

This is interesting for a variety of reasons. This will now mean that two of the major stock exchanges in Europe will be owned by American exchanges. The New York Stock Exchange has just about completed its acquisition of the Euronext, a Paris-based Europe-wide exchange.

So at first glance this would look like bad news for Europe and good news for the US right? In fact, it’s the opposite. It’s important to point out that the reason these acquisitions are happening is not because the US is riding in on a white horse to prop up the European exchanges and help them grow. They’re grabbing them because the European exchanges have been so wildly successful in the past few years, outperforming their American counterparts.