An Indian perspective on climate change: note how the author essentially gives up on the rich countries to make the necessary commitments. The recognition of the failure of the Durban Conference is widespread, and forcing many to think about viable alternatives to international cooperation. Such solutions are theoretically possible, but much more difficult. An international agreement would make progress much more quickly and effectively.
We’re still trying to figure out the implications of President Obama’s new military strategy. Max Fisher gives his take in the Atlantic.
Hungary’s economic woes have filter out to Austria. Many Austrian banks lent money to Hungary and investors are concerned that Hungary will not be able to repay those debts to Austrian banks. While the matter is sufficiently serious in and of itself, the crisis also echoes one of the most decisive moments in the Great Depression–the collapse of the Austrian bank, Credit Anstalt. Creepy stuff.
My postings will be sporadic over the next two weeks as I will be on vacation. I never really take a break from reading the news, but I may not have easy access to a computer.
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