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Peter Symonds The Association of South East Asian Nations (ASEAN) ministerial summit broke up yesterday in acrimony after failing to reach agreement over worsening maritime disputes with China in the South China Sea. Without a consensus, no joint communiqué was released for the first time in the organisation’s 45-year history. The diplomatic impasse is the product of the Obama administration’s aggressive “pivot” to Asia over the past three years, [...] Numerous papers and wire services are reporting that groups opposed to Public Act 4 have filed petitions containing about 225,000 signatures to have the law repealed, more than enough to put PA 4 placed on the fall election ballot. Like Wisconsin and Ohio, Michigan will now have its own high-stakes election over the power of government unions. Compared to the executives of neighboring states, Michigan Gov. Rick Snyder opted for a [...] NEW YORK (CBSNewYork) — There were frantic efforts at the United Nations on Tuesday to avoid a Friday face-off over Palestinian statehood. With the clock ticking toward a showdown, Israel floated the possibility of an “interim solution” to allow the Palestinians to establish a state within existing borders in Gaza and the West Bank and deal with all the tough stuff later, reports CBS 2’s Marcia Kramer. “This is one possible solution [...] NEW YORK (CBSNewYork) — There were frantic efforts at the United Nations on Tuesday to avoid a Friday face-off over Palestinian statehood. With the clock ticking toward a showdown, Israel floated the possibility of an “interim solution” to allow the Palestinians to establish a state within existing borders in Gaza and the West Bank and deal with all the tough stuff later, reports CBS 2’s Marcia Kramer. “This [...] (Reuters) – The top Republican on Friday said President Barack Obama and Democrats had still not put a serious deficit plan on the table, underscoring the acrimony plaguing negotiations to avert a government default. “They’ve been unwilling to put a real plan on the table. Without serious spending cuts … this problem is not going to be solved,” House of Representatives Speaker John Boehner said [...] Several very important currency effects are at work. Most economists are either silent on the factors or wrong footed on the dynamic. That is not surprising since they have been incorrectly analyzing, interpreting, and forecasting the financial crisis as it built up in 2005 and 2006, and as it exploded in 2007 and 2008 to surprise almost all of them, even as it has [...] Several very important currency effects are at work. Most economists are either silent on the factors or wrong footed on the dynamic. That is not surprising since they have been incorrectly analyzing, interpreting, and forecasting the financial crisis as it built up in 2005 and 2006, and as it exploded in 2007 and 2008 to surprise almost all of them, even as it has failed [...] |
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