Wednesday, September 24, 2008

We do not support government bailouts...


"We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself. We believe in the free market as the best tool to sustained prosperity and opportunity for all."

The 2008 Republican Party Platform :

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Sunday, September 21, 2008

Sidelined in US crisis, IMF's day may still come - Forbes.com


"The IMF's response in the current crisis has ignited a fierce debate between IMF staff, management and its Asian members over the even-handedness of the IMF's endorsements of U.S. government's bailouts of institutions and its advice during the 1997/98 Asian financial crisis.

During the Asian crisis, the IMF opposed moves by Asian governments to pump public money to support the capital of ailing financial institutions, which led to a string of bankruptcies and thousands of job losses.

Still bitter toward the IMF, Asian government officials, and some senior staff, have told IMF management that the institution's actions smack of double standards."

[Read More:Forbes.com]

Saturday, September 20, 2008

Steven Pearlstein - Tossing Aside History, Conventions and a Few Cliches - washingtonpost.com



"Tossing Aside History, Conventions and a Few Cliches: "Now U.S. taxpayers have been asked to come to the aid of banks and financial institutions that, while nominally American, have long since become global players. Meanwhile, foreign banks and investors are also benefiting significantly from the U.S. government initiatives. While that is the burden that comes with being the world's leading economic power, it raises the question of whether some of the costs and risks of our trillion-dollar rescue should be shared with other countries, through the International Monetary Fund."

[Read More:Steven Pearlstein - Tossing Aside History, Conventions and a Few Cliches - washingtonpost.com]

Thursday, September 18, 2008

Best beaches: Hammamet, Tunisia - Telegraph




"A beautiful arc of golden sand, 40 miles from Tunis, backed by a band of greenery which screens the low-rise hotels beyond, and attached to what was once a little fishing port built around a charming little walled medina."


[Read More:Telegraph]

Wednesday, September 17, 2008

Tunis Sports City

Saturday, September 13, 2008

Dubai firm wants to build new city in Tunisia


"TUNIS, Tunisia: A Dubai development company has announced a US$25 billion deal for the largest-ever foreign investment project in Tunisia, pledging to build a new city near the capital, authorities and the group said."


[Read More:International Herald Tribune]