“The worst financial crisis since the Great Depression,” bas become standard shorthand for the global financial crash and resulting severe recession. This fall, we will mark the sixth anniversary of the 2008 benchmark bankruptcy of investment house Lehman Brothers.
The furor over the American POW Army Sergeant Bowe Bergdahl continues to escalate. U.S. Secretary of Defense Chuck Hagel on June 11 faced hostile questioning before the Armed Services Committee of the House of Representatives. Members of Congress complain the White House broke the law by not consulting in advance
The telecom hills are alive with the sounds of mergers, with two at crescendo. In February, Comcast agreed to purchase Time Warner for US$45 billion. AT&T last month announced its purchase of DirecTV, which if confirmed is valued at approximately US$48.5 billion. Other possible deals provide background music, including a Sprint-T-Mobile merger.
From ancient times, amphibious military invasions have rightly been regarded as particularly difficult. This week marks the seventieth anniversary of the greatest such operation, the Allies' invasion of France in World War II, on June 6, 1944 — D-Day.
The scandal regarding the Veterans Administration continues to escalate rapidly, providing a major ethical as well as a political challenge to the Obama administration. Allegations of willful neglect and falsification of records are indeed shocking. Vietnam War Marine Corps Veteran Mike Jeffords of Janesville was featured May 22 on CBS News describing his own and other veterans' long-term frustration with the VA.
Nations from the north to the south of East Asia are demonstrating the high price of rejecting freedom in our contemporary world. North Korea is sending drone aircraft south of the 38th Parallel. Vietnam is beset with protests against foreign investment from China. All three governments have so far succeeded only in embarrassing themselves.
A prominent and powerful man is embarrassed when private comments made behind closed doors are leaked to the media, causing a storm of criticism. There are calls for his removal by people who find his remarks utterly unacceptable and contemptible
U.S. President Barack Obama's Asia stop in South Korea has been accompanied by renewed threats from North Korea. That is no surprise.
Current maritime conflicts echo earlier wars, launched over history to control commerce and coveted territory. On April 19, China authorities impounded the Baosteel Emotion, a freighter of Japan's Mitsui O.S.K. Lines.
“To jaw-jaw is better than to war-war,” said Winston Churchill in 1954, supporting the principle of nations negotiating. Those wise words from a principal war leader with distinctive credentials are worth keeping in mind as the crisis in Ukraine escalates.