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...growth as they traditionally were, exports to the U.S., Europe and Japan are still a key driving force in Asia's rapid development. Any global slowdown dims the outlook for Asia. "There will be important economic implications of the financial meltdown in the U.S. on Asia," says Dariusz Kowalczyk, chief investment strategist at CFC Seymour in Hong Kong. The continued financial chaos in the U.S., he says, raises fears in Asia that the American economy will experience a more protracted downturn. "There doesn't seem to be any light at the end of the tunnel," Kowalczyk says...
...Glenn Maguire, chief Asia-Pacific economist for Société Générale in Hong Kong, expects that Asia's central bankers will move towards looser policy to support their economies and head off any possible liquidity shock from the U.S. meltdown. "It's pretty clear that the tightening cycle in Asia is over," says Maguire. Tuesday's market tumble will likely convince policy makers "to be much more accommodating on policy immediately." That may be the only good news in a dark day for investors...
...convention speeches, trying to glean her executive qualifications from those forty minutes proves a dubious enterprise. More importantly, the whole issue of whether a candidate has the “experience” to be President seems tricky. After all, what, exactly, qualifies one to serve as commander-in-chief? Community organizing in Chicago? A difficult and admirable task, but probably not. Over the past four years, Senator Obama seems to have become sufficiently familiar with the most pressing issues that will face the president come January 20. But at the end of the day, it’s hard...
...However, this is not to say that either McCain or Palin has had such experience. The key point is that there are few experiences that can genuinely prepare one for—much less replicate—the complex strategic tradeoffs faced by the commander-in-chief of a nation at war. A good counterexample might be commanding a wartime squadron during combat. However, as former NATO Supreme Allied Commander Wesley Clark recently pointed out, none of the current candidates can claim that experience. While valiant, Clark insisted on CBS’s Face the Nation, John McCain?...
Former International Criminal Tribunal Chief Prosecutor Richard J. Goldstone told a crowd gathered in the Tsai Auditorium last night that practicing international criminal law can feel more like being on the political stage than in a courtroom...