In less than two months, George W. Bush will leave the White House and officially turn the reins of government over to Barack Obama. At that time, President-elect Obama will become President Obama, and Bush will return to his Texas ranch as a private citizen.
While many of both the foreign and domestic opposition to Venezuelan President Hugo Chávez were working overtime to give him and the Bolivarian Revolution that he leads a death blow, the president's political party, the United Socialist Party (PSUV), got the overwhelming majority of votes in the country’s regional elections. The PSUV won the governor's office in 17 out of 22 states. However, the opposition won four more governorships as well as the Federal District in the Nov. 23 elections for a total of six.
In the aftermath of a truly historic election, the right wing and its long-time allies have been trying to regroup and get a handle on just exactly what happened. Right-wing radio talk show hosts, after calling Obama every conceivable name and claiming that his victory would mean an end to civilization, are now contending that he “has no mandate to govern.”
Iraq’s Parliament is expected to vote Nov. 24 on an Iraq-U.S. agreement that sets a fixed 2011 end-date for withdrawal of all U.S. troops, with no exceptions or extensions.
As the U.S. celebrates Thanksgiving this year, the day is passing like many others for billions of people around the world. In India, women with children and husbands (some of whom have already worked themselves to death) toil barefoot and, with their bare hands, haul heavy loads of dirt at construction sites. They earn less than $2.50 per day.
Over 4 million people are expected to descend on Washington’s Mall in January to celebrate President Obama’s inauguration, in what will surely be the largest gathering in U.S. history. As Obama said on election night: “Change has come to America.”
Tues., Nov. 4, 2008 Nationalize the banks What Ohio labor leaders say Congo’s historic urgency
It has been some time now since the International Monetary Fund (IMF) lost its intellectual credibility, especially in the developing world. Its policy prescriptions were widely perceived to be rigid and unimaginative, applying a uniform approach to very different economies and contexts. They were also completely outdated even in theoretical terms, based on economic models and principles that have been refuted not only by more sophisticated heterodox analyses but also by further developments within neoclassical theory.
During the vice-presidential debate of 1988, Republican nominee Dan Quayle attempted to draw a parallel between himself and John F. Kennedy. Quayle's Democratic opponent, Lloyd Bentsen, who had served with Kennedy in the Senate, looked Quayle in the eye and said, evenly, 'Senator, I served with Jack Kennedy; Jack Kennedy was a friend of mine. Senator, you're no Jack Kennedy!'
Emerging nations need their own stabilization funds, independent of the International Monetary Fund, and its parent, the U.S. Treasury, which provides most of its financing. That was the conclusion of two experts at a seminar sponsored by the Service Employees International Union (SEIU) yesterday in Washington.