by Centre for European Reform
by Tomas Valasek
There are two schools of thought on what the election of a new US president will mean for transatlantic relations. The optimists argue that relations will improve significantly. They assume that much of the anger Europe feels towards the US is aimed at George W Bush rather than the country as a whole, and that once he leaves, US-European ties will revert to their normal, friendly terms. The pessimists disagree: they say that US and European outlooks on security are fundamentally different, that the next US president, whoever he is, will pursue a foreign policy similar to that of George W Bush, and that the relations may well worsen post-US elections as the Europeans, disappointed that president Obama or McCain does not turn out to be a multilateralist European liberal, turn their backs on the United States with a vengeance.
Sliming Palin: False Internet claims and rumors fly about McCain’s running mate
We’ve been flooded for the past few days with queries about dubious Internet postings and mass e-mail messages making claims about McCain’s running mate, Gov. Palin. We find that many are completely false, or misleading.
Wall Street has collapsed. Its fourth biggest investment bank, the 158-year-old Lehman Brothers, has collapsed, its shiny building bought at a knock-down price by the red coats from Barclays. Merrill Lynch, the thundering herd of people’s capitalism, has been bought by Bank of America in a fire-sale.
Godfrey Hodgson was director of the Reuters’ Foundation Programme at Oxford University, and before that the Observer’s correspondent in the United States and foreign editor of the Independent. He reported the presidential elections of 1964, 1968, 1972, and 1976 for various British and American media, and was co-author (with Lewis Chester and Bruce Page) of the best-selling account of the 1968 campaign, An American Melodrama (Viking Press, 1969).
Declare Yourself, the national nonpartisan, nonprofit youth voter initiative is launched a print and viral campaign aimed at energizing young adults to register and vote in the 2008 USA election. Found in Declare Yourself: Only You Can Silence Yourself
by Harry Chen
The US financial market is in a state of extreme stress. Triggered by a sub-prime mortgage market collapse, banking institutions, both investment banks and traditional banks, are having trouble raising cash and afraid of leading money. Recently the US Government steps up its action to calm the market by issuing a massive bailout plans to save troubled financial institutions.