8 February 2016   Leave a comment

Joseph Stiglitz is a Nobel Prize winning economist.  He is generally regarded as a Keynesian economist which classifies him as a “left-leaning” economist (since Keynes argued that government spending is essential to stimulate a declining economy).  His analysis of the global economy is distinctly pessimistic, largely due to the fact that he believes that governments have defaulted on their responsibility to spend money in the face of declining growth.  Indeed, Stiglitz believes that the low interest rates being charged by the world largest central banks have contributed to the extremely low growth currently occurring in most emerging economies.

The UN-backed Commission of Inquiry on Syria has released a report on the treatment of detainees by the Syrian government during the period 2011 and 2015.  The report leaves little question that the treatment of detainees clearly constituted crimes against humanity, and the report prepares the way for war-crimes trials against the government.  The report also details the crimes commitment by Daesh and other rebel groups in Syria.  The failure of the international community to respond effectively to these crimes is shocking.

Haitian President Michel Martelly stepped down as President with no replacement.  Scheduled elections in Haiti have been postponed due to charges of fraud and corruption, and no candidates are willing to stand for office under the circumstances.  The political paralysis is something the poor nation can ill-afford.  The Carnival festival has been postponed due to threats of political violence.  Under the circumstances, the international community should be offering mediation services among the competing groups but the silence of the world is deafening.

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Posted February 9, 2016 by vferraro1971 in World Politics

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