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Real Change…

Menzie Chinn (December 7th, 2008) Writes:

...is repudiation of the no-nothing-ness of the past. From Bloomberg:

Dec. 7 (Bloomberg) -- President-elect Barack Obama said the nation owes its military veterans "a sacred trust" and named retired four-star General Eric Shinseki to make the U.S. Department of Veterans Affairs "a 21st century" system.

"No one will ever doubt that this former Army chief of staff has the courage to stand up for our troops and our veterans," Obama said at a press conference in Chicago, held on the anniversary of the 1941 attack on Pearl Harbor. "No one will ever question whether he will fight hard enough to make sure that they have the support that they need."

Shortly before the 2003 U.S. invasion to oust Iraqi dictator Saddam Hussein, Shinseki told Congress it would take several hundred thousand troops to stabilize postwar Iraq, more than then-Secretary of Defense Donald Rumsfeld had estimated.

Rumsfeld roundly rejected Shinseki's

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Be Careful What You Export

Contrarian Profits (December 5th, 2008) Writes:

One way for the US economy to escape its doldrums will be for the country to expand its exports. Everyone’s great American hero, President Ronald Reagan, knew that.

Declassified US government documents show that in the 1980s while Iraq’s Saddam Hussein was involved in the genocide against his country’s Kurdish population (using poison gas), the US opposed punishing Iraq with a trade embargo.

The reason was simple. It was cultivating Iraq as an ally against Iran and as a market for US farm exports.

According to the documents, the Reagan administration “got carried away with their own propaganda. They began to believe that Saddam Hussein could be a reliable partner.”

Kinda makes you wonder if Osama bin Laden were to come out of hiding and start his own country if the US wouldn’t try to, once again, be his friend… make him a trading partner.

Source:

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You’ll Soon Need Government Permission To Fly From NYC To LA

Contrarian Profits (November 13th, 2008) Writes:

Last year, I wrote that if Uncle Sam gets his way, we’d all be on no-fly lists, unless the government gives us permission to leave - or re-enter - the United States. That day has now arrived, but in addition to obtaining Big Brother’s permission to travel internationally, a final rule pursuant to the U.S. Transportation Security Administration’s “Secure Flight” initiative says we must now get it to travel from state-to-state.”

At some point in the future, you’ll need to reveal your name, gender, and date of birth when you make a domestic airline reservation. The airline will contact TSA to determine if you’re cleared to board. If you’re on any of TSA’s watchlists (which include such deceased “terrorists” as Saddam Hussein, along with live ones such as Sen. Edward Kennedy), you’ll need to provide an official document acceptable for federal identification purposes in order to travel.

Examples of acceptable

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Energy Blast - Oct 8, 2008

Robert Amsterdam (October 8th, 2008) Writes:
LUKoil, Rosneft, Gazprom and TNK-BP have asked the government to lend state money on market terms to help them expand their businesses abroad. Gazprom says it expects OPEC members to prevent another ‘substantial’ drop in the oil price. Lithuania may renege on a promise to shut down its Ignalina nuclear plant, saying the risks of relying on Russian energy are too high. LUKoil has urged Iraq's oil minister to remove obstacles to its investment program for the West Qurna oilfield, which was outlined whilst Saddam Hussein was still in power. Surgutneftegaz is to pour $3.75 billion into an oilfield in Yakutia by 2011.

A new dynamic for the Middle East

James Hamilton (September 3rd, 2008) Writes:

Maybe it's time to try something new. And maybe it's already starting.

Last week the New York Times reported:

In the first major oil deal Iraq has made with a foreign country since 2003, the Iraqi government and the China National Petroleum Corporation have signed a contract in Beijing that could be worth up to $3 billion, Iraqi officials said Thursday.

Under the new contract, which must still be approved by Iraq's cabinet, the Chinese company will provide technical advisers, oil workers and equipment to help develop the Ahdab oil field southeast of Baghdad, according to Assim Jihad, a spokesman for Iraq's Oil Ministry. If the deal is approved, work could begin on the oil field within a few months, Mr. Jihad said.

And today the Guardian confirms that the deal was approved by Iraq's cabinet.

There are some Americans who regard expanding Chinese global influence with fear and suspicion. But

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