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John Maynard Keynes famously warned that "the markets can remain irrational longer than you can remain solvent." Considering the recent volatility in stocks worldwide, irrationality appears to be the order of the day. Rarely have investors been so prone to bouts of panic selling, punctuated by spasms of equally frenzied buying. The Dow Jones Industrial Average index lost nearly a quarter of its value between Oct. 1 and Oct. 27, including an epic 700-point drop on Oct. 15. The carnage was followed on Oct. 28 by a 900-point rise, the second largest points gain on record...
...answers to these questions involve direct military intervention, the U.S. should remain hesitant while realizing that the channeling of capital, material resources, and other resources through the European powers and the United Nations could be very effective in preventing both military and humanitarian crises. The UN Peacekeeping forces are undermanned and underfunded, resulting in a frustration and helplessness that in the past has manifested itself in alleged rape, prostitution, and pedophilia in UN peacekeeping efforts in the Congo, Haiti, Burundi, Liberia, and elsewhere. While the allegations are typical of most military campaigns, better pay and a more promising military outcome...
Thus, intervention must only come as a result of wise deliberations and careful considerations. As of Tuesday’s election, we remain optimistic that an Obama administration will be capable of maneuvering through and perhaps reforming the diplomatic maze that so often impedes humanitarian aid in similar situations. Obama’s multilateral and diplomatic policies will be much more effective at providing the aid sooner and more effectively than the Bush administration’s contentious deliberation style. Furthermore, an Obama administration will be more likely to view such massive and terrible displacements out of the context...
...disturbing pictures and hear the tragic stories of displaced and hungry Congolese families, there is a moral imperative to do something. The mechanics of that something should be for the international community to decide, but the moral imperative must remain in each...
...incentives at the turn of the millennium, the weak Canadian dollar and the tax credits were enough to lure many Hollywood films out of the country altogether. An ensuing uproar within the American film community sparked a move to entice these “runaway productions” to remain in the lower 48, and many states formerly unfamiliar with film production found their way into the industry. Currently, approximately 80% of American states provide some benefit—ranging from sales tax exemptions to tax credits—to films that shoot within their borders...