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The official visits to Paris during the first week of July by three African heads of state raised more questions than answers about the Africa policy of François Hollande, the newly-elected French President. On July 2 it was President Alpha Conde of Guinea, on July 5 Ali Bongo, President of Gabon...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
08-01-2012
Filed under:
Filed under: france, corruption, Mali, Senegal, Congo, GEMs, Charles Krakoff, Cameroon, Tunisia, Libya, Elf Aquitaine, Bongo, Issoufou, Bolloré, Sall, Liberia, Areva, Bouygues, Bourgi, Mitterand, affaire Elf, Hollande, Charles Taylor, De Gaulle, Messieurs Afrique, Le Floch Prigent, Blaise Compaoré, Ben Ali, Roland Dumas, Burkina Faso, Sarkozy, francafrique, Gabon, Foccart, Villepin, Sassou Nguesso, Niger, Monsieur Afrique
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In retrospect, no one should be surprised at recent moves by the Egyptian armed forces to consolidate their power, in what some have called a soft coup d’état. Although the Supreme Council of the Armed Forces, which has ruled the country since Hosni Mubarak’s ouster, maintains that...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
07-11-2012
Filed under:
Filed under: Egypt, GEMs, Charles Krakoff, Morsi, Islamists, Mubarak, Sadat, Tahrir, Muslim Brotherhood, Nasser, Supreme Council of the Armed Forces, Ahmed Shafiq
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Curt Schilling is a hero to Boston sports fans. In 2004, at the relatively advanced age of 38, he valiantly pitched and won two critical post-season games while suffering from an ankle injury so severe that his sock was soaked with blood, propelling the Red Sox to its first World Series championship...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
06-01-2012
Filed under:
Filed under: GEMs, Charles Krakoff, venture capital, Carcieri, MMORPG, 38 Studios, Magic Johnson, Kingdoms of Amalur, Lenny Dykstra, Rhode Island Economic Development Corporation, Solyndra, Copernicus, Curt Schilling, Kleiner Perkins
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by Charles Krakoff Jagdish Bhagwati, a Professor at Columbia University and a leading development economist, wrote the following letter in yesterday’s Financial Times about President Obama’s designation of Jim Yong Kim to succeed Robert Zoellick as President of the World Bank. He is absolutely...
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If existing parallels between the U.S. experience in Indochina and our current entanglement in Afghanistan weren’t already enough, the Afghanistan war (Operation Enduring Freedom) now has its own version of the My Lai massacre. The only surprise is that nothing like the Sunday murder of 16 Afghan...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
04-02-2012
Filed under:
Filed under: Obama, GEMs, Charles Krakoff, Nixon, Vietnam, Cambodia, Afghanistan, Indochina, Phnom Penh, NATO, Kabul, George W. Bush, Taliban, Saigon
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Draco, the seventh-century BC Athenian legislator from whom we get the word “draconian” replaced the system of blood feud and oral law with a harsh, but transparent, written legal code. One of the provisions of Draco’s code was that any debtor whose status was lower than that of his...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
03-05-2012
Filed under:
Filed under: Germany, unemployment, GEMs, Greece, euro, Greek, Charles Krakoff, Eurozone, keynes, reparations, International Monetary Fund, European Central Bank, debt crisis, The Economic Consequences of the Peace, European Commission, draconian, troika, Elena Panaritis, Draco
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By Charles Krakoff With the exception of Bahrain, where anti-government protests were violently suppressed by the ruling royal family with military support from Saudi Arabia, the kingdoms and sheikhdoms of the Arabian Gulf – in America we refer to it as the Persian Gulf, but that terminology does...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
02-03-2012
Filed under:
Filed under: Saudi Arabia, Abu Dhabi, Dubai, Egypt, UAE, Charles Krakoff, Iraq, Kuwait Energy, Bahrain, Doha, Shia, Sunni, Kuwait Petroleum, Kuwait, GCC, Qatar, Dow Chemical, Libya, Gulf Cooperation Council, oil price, Arab Spring
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by Charles Krakoff Compared to the U.S. Senate’s recent refusal to approve a mere $60 billion in new infrastructure spending when we really need to spend an estimated $2 trillion just to make up for all the years of neglect of our country’s roads and bridges, the recent report in the New...
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By Charles Krakoff Less than a week after a federal court in Manhattan sentenced hedge fund boss Raj Rajaratnam to a record 11 years in prison for insider trading, and ordered him to pay forfeiture and fines of more than $60 million, comes the news that Citigroup has agreed to pay $285 million to settle...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
12-01-2011
Filed under:
Filed under: Charles Krakoff, Goldman Sachs, CDO, Raj Rajaratnam, fraud, Rajat Gupta, civil complaint, Ambac, John Paulson, Securities and Exchange Commission, SEC, JP Morgan Chase, credit default swap, Citigroup, insider trading
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It’s hard not to feel sympathetic towards the people occupying Zuccotti Park in lower Manhattan and their brethren who have mounted similar protests in cities and on college campuses across the United States. There is a pervasive sense in our country that something is wrong, and that Wall Street...
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by Chip Krakoff Foxconn International Holdings, the world’s largest contract manufacturer of electronic components, made notorious last year by a rash of employee suicides at its Chinese factories, recently published its half-yearly financial results, which showed that its annual labor costs per...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
10-03-2011
Filed under:
Filed under: China, Brazil, Japan, Haiti, Ford, Sony, Apple, GEMs, iPad, Charles Krakoff, South Korea, Taiwan, Vietnam, Mexico, Nicaragua, HP, electronics assembly, Foxconn, Dell, Hon Hai, Burundi, Somalia, offshoring, outsourcing
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by Chip Krakoff The world is discovering Africa. By Africa, I mean sub-Saharan Africa. The North African countries from Morocco to Egypt are generally lumped together with the Middle Eastern countries with which they share much closer ethnic, religious, and economic ties. I am writing about the other...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
09-01-2011
Filed under:
Filed under: Zimbabwe, Nigeria, Ghana, Africa, Guinness, Heineken, Equatorial Guinea, GEMs, Charles Krakoff, McKinsey, BCG, Sudan, Nicaragua, Monitor, World Bank, official development assistance, SABMiller, Vodaphone, MTN, Zain, Mark Mobius, market based solutions, Seychelles, Tajikistan, Coca-Cola, Bharti
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By Charles Krakoff Even as unemployment in the United States stubbornly remains above nine percent, many companies struggle to find qualified workers. In its 2011 Talent Shortage Survey, Manpower, Inc., the staffing agency, reports that 52% of U.S. companies are having trouble recruiting essential employees...
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by Chip Krakoff Economics is not quantum physics. The mathematics may be abstruse in either case, featuring equations which, having run out of Greek letters, resort to smiley faces and other symbols to designate variables. But whereas quantum physics is so hard that even its practitioners don’t...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
07-01-2011
Filed under:
Filed under: GEMs, Charles Krakoff, Republican, Democrat, Ayn Rand, Richard Feynman, Eldridge Cleaver, Tim Pawlenty, tax, Nancy Pelosi, GDP growth, Alice in Wonderland, competitiveness, ethanol subsidy, deficit reduction, Humpty-Dumpty, Red Queen, Thomas Jefferson
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by Chip Krakoff Nearly two years ago I wrote a blog post in which I argued that Africa’s enduring poverty is attributable in large part to its awful roads, which make it cost roughly three times more to move a shipping container by truck the 750 miles from Kampala, Uganda to Mombasa, Kenya, than...