Word: administrationitis
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A move toward quantitative easing has been expected in recent weeks, as Japan's Prime Minister Yukio Hatoyama and his administration have pressed the central bank to take steps to contain deflation, prevent another downturn in the economy, and to tame the runaway yen, now at 86 yen to the...
Despite Russian and Chinese support for censuring Iran at the IAEA, they're not expected to back explicit, broad sanctions targeting elements of the Iranian economic or defense establishments beyond those directly involved in the nuclear program. The Administration's effort at the U.N. is focused on getting language included...
The most promising target for expanded sanctions is the Iranian Revolutionary Guard Corps (IRGC), which not only controls much of the military and the nuclear program, but has also steadily expanded its control over other areas of Iranian political and economic life in recent years. Though Obama had criticized Secretary...
In Washington, both chambers of the U.S. Congress are preparing to pass widely supported bills that would punish corporations anywhere in the world that supply Iran with refined petroleum. One or both of the bills could pass before the end of the year, and they are sufficiently tough to raise...
Considering the position the current Administration inherited last January - with the U.S. largely discredited in the region and Iran ascendant - President Obama can claim success in having turned the diplomatic tide against Iran to the point that it is increasingly likely to face some new penalties. The questions that no...