Rhein on Energy and Climate

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The world is entering into a major recession. Global economic growth will go down to less than 2 percent in 2009, with USA and Europe as the most affected regions, and most of the Asian and African countries the least hurt. This recession, which follows the global unleashing of the US banking disaster, will be… » read more

Posted by Eberhard Rhein

European Vanity Fair

In 10 days, President Bush will host a crucial conference on the reform of the international financial system. He does so at the initiative of the EU. Nicolas Sarkozy, in his quality as President of the European Council, and Manual Barroso, President of the European Commission, have managed to persuade him of the necessity of… » read more

Posted by Eberhard Rhein

For two decades US government authorities have indulged in an unbelievable negligence of the banking sector: Banks could place very risky new financial instruments into the market without being called to order by fragmented banking authorities. Similarly, the US government, followed by others, allowed car makers to seduce consumers into buying the most perverse gas… » read more

Posted by Eberhard Rhein

Negotiating free trade areas seems to be the latest hobby of trade policy officials. The USA has started the ball rolling under the Bush Administration, irrespective of the ongoing Doha Round. From Chile to Morocco, Singapore, Jordan and Korea, the list is impressive, especially for the major advocate of multilateral trade rules, which until the… » read more

Posted by Eberhard Rhein