Tuesday, 18 June 2013

The Mommy Diaries

Iran On New Path?
HASSAN ROWHANI'S victory in the Iranian election is truly stunning. It opens a window of hope for an easing of tension between Iran and the west on the strained nuclear file but also on the more urgent issue - the self-destructive clash between Shia and Sunni Islam that is killing thousands in Syria and Iraq and threatens the entire Middle East region. Although Rowhani had been well ahead in the final pre-election polls, no one expected him or anyone else to receive enough votes to avoid a runoff. That he did so is astonishing, in a sixhorse race. The result confirms that ...
Fight The Future
LAST week the International Monetary Fund, whose normal role is that of stern disciplinarian to spendthrift governments, gave the United States some unusual advice. "Lighten up," urged the fund. "Enjoy life! Seize the day!" OK, fund officials didn't use quite those words, but they came close, with an article in IMF Survey magazine titled 'Ease Off Spending Cuts to Boost US Recovery'. In its more formal statement, the fund argued that the sequester and other forms of fiscal contraction will cut this year's US growth rate by almost half, undermining what might otherwise have been a fairly vigorous recovery. And these spending cuts are both unwise and unnecessary. Unfortunately, the fund apparently couldn't bring ...