President Obama confers with senior advisors in the Oval Office. Photo: Pete Souza
Washington – At a press conference entitled “The Future of Nuclear Power,” financial expert Kevin Book said that President Barrack Obama is a “resolute advocate” for nuclear power, supporting the industry even after the Fukushima Daiichi power plant disaster. Book, an energy analyst with ClearView Energy Resources, said Obama’s support does more to preserve the future of nuclear power than any other politician in Washington. Book believes that as a result of the Japanese tragedy, the nuclear power industry will have trouble raising money in private markets because of costs, concerns about liability and the slowness of the regulatory process.
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Following in the United States’ footsteps, the Afghan government moved to bail out a failing bank fearing the entire corrupt system would fail. According to The New York Times, the bankers at Kabul Bank had unorthodox financial dealing that included lending tens of millions of dollars to themselves and government officials.
Continue reading NYT: Troubles at Afghan Bank Jolt Financial System
The Obama administration announced Tuesday that it reached an agreement with the other permanent veto-wielding members of the United Nations Security Council regarding sanctions on Iran. This comes as a pointed rebuke of the deal Tehran made Monday to do a nuclear fuel swap with Turkey.
A senior administration official relayed that one of the most significant pieces of the sanctions is modeled after a resolution passed against North Korea last year, which allowed all nations to search cargo ships going in or out of the country. Iran has a much greater volume of trade than North Korea, so it is not clear how vigorously the resolution would be enforced.
Other parts of the sanctions are directed at Iranian financial institutions, including those that support the Islamic Revolutionary Guard Corps.
READ THIS STORY AT NYTIMES.COM
Continue reading NY Times: Major Powers Have a Deal on Sanctions for Iran, U.S. Says
A diagram by the PA Consulting Group used to explain the complexities of the current wars.
John Edwards was right about one thing. There are two Americas, but not the ones he described in his 2004 presidential campaign: rich and poor. That almost seems quaint by today’s standards. Today the two Americas are the people suffering as a result of the Great Recession and those who are not. Among those who are suffering are teachers, pensioners, state and local government workers, the unemployed, the homeless…The list goes on and on.
Continue reading The Two Americas