Webdiary - Founded and Inspired by Margo Kingston

"Do we add value to our lives as a Nation and as individuals by not making our shores a safe refuge from the repression of Indonesia, Iraq, Iran, Afghanistan, Burma and any other country with a mind to manage its Nationals by the gun? Do we improve our status in the eyes of the rest of the world (except the gun-toting country these PEOPLE are running and hiding from), by rejecting out of hand, the upturned face of a frightened child, running to escape his own countries guns?" Daemon Singer

As more time passes with neither the value of the dollar declining sharply nor market forces beginning to shrink America’s current-account deficit – which may well reach $1 trillion this year – two diametrically opposed reactions are emerging. Most international finance economists are becoming increasingly frightened that a major international financial crisis could erupt. Indeed, they fear that the scale of that potential crisis is becoming larger and larger." J Bradford DeLong.