World

Fingers Crossed for Greece

The second Greek bailout gets the green light, but the country isn't out of the woods.

AP Photo/Thanassis Stavrakis

The successful conclusion last Friday of the PSI (Private Sector Involvement), the bond exchange process for Greece’s private creditors, was good news—both for the country and for the eurozone. Voluntary participation in the deal reached 85.8 percent (out of a total of 206 billion euros in Greek government bonds which were up for exchange). The level of participation reached 95.7 percent with the decision to activate the Collective Action Clauses (CAC) recently added to the legal contracts governing 177 billion euros of bonds under Greek law, forcing recalcitrant creditors to participate in the process. This means a 105 billion euro gross reduction in Greek debt—out of a total of 368 billion.

A Stealth Attack on Democratic Governance

Why are Obama trade negotiators pushing the extreme Trans-Pacific Partnership, and why is it being negotiated in such an untransparent manner?

AP Photo

It takes quite a “trade” agreement to undermine financial regulation, increase drug prices, flood us with unsafe imported food and products, ban Buy America policies aimed at recovery and redevelopment, and empower corporations to attack our environmental and health safeguards before tribunals of corporate lawyers. Trade, in fact, is the least of the Trans-Pacific Partnership (TPP).

The Pacific Pivot

America needs to try something new when it comes to international trade.

(Flickr/James O'Sullivan)

On November 12, 2011, I listened as President Barack Obama told business leaders attending the Summit of the Asia-Pacific Economic Cooperation forum in Honolulu that “we’ve turned our attention back to the Asia Pacific region” and announced two vehicles for that return. These were the Trans-Pacific Partnership (TPP) Free Trade Agreement, now under negotiation and to be concluded by the end of this year, and the Pivot to Asia, meaning a redeployment of American priorities and military forces away from Europe and the Middle East to Asia.

Not a Great Deal for Asia

The Trans-Pacific Partnership could end up hurting the broader economic interests of both the U.S. and smaller Asian nations.

(Flickr/images_of_money)

The Trans-Pacific Partnership is best understood as President Barack Obama’s extension of the Bush-era doctrine of “competitive liberalization.” Frustrated with pushback at the World Trade Organization by nations like China, Brazil, India, and South Africa, the United States seeks a coalition of the willing to import a commercial framework that rewards private firms at the expense of the common good. That policy regime is ailing in the U.S. and gets worse when exported.

The Myth of the Level Playing Field

The boast that American workers are naturally superior to other workers and would therefore “win” in any fair competition is problematic at best and at worst, a pander to our national delusion of exceptionalism.

(Flickr/twintermute)

"Our workers are the most productive on Earth, and if the playing field is level, I promise you: America will always win.”  —Barack Obama, State of the Union Address, January 24, 2012

 

The Trans-Pacific Partnership (TPP) is the latest act in the tragic farce of American trade policy. Earlier versions included the 1993 North American Free Trade Agreement (NAFTA), the U.S.–designed World Trade Organization, the opening of the U.S. market to China, and the signing of more than a dozen additional bilateral free-trade deals, including last year’s agreements with South Korea, Colombia, and Panama.

Hold Off on the Obama Victory Dance

The president's re-election chances have improved, but Obama faces severe tests on energy and national security.

(Flickr/Tyler Driscoll/Obama for America)

Things have been breaking well for President Obama. Economically, job growth has outperformed expectations. The unemployment rate could be below 8 percent by Election Day. Politically, Republicans are engaged in the sort of demolition derby once reserved for Democrats. The protracted Hillary-Barack duel of 2008 seems like a love feast compared to the Mitt and Rick slugfest. All this is reflected in the president’s rising approval ratings.

However, Obama faces a daunting two-part challenge related to Iran’s nuclear assertions, with implications for both national security and sustainable energy. A misstep could cost him the presidency and cause the country to take a disastrously wrong turn in these two critical areas.

What's Up With All the MEK Ads?

If you’ve been watching cable news lately, there’s a good chance that you’ve noticed some out-of-the-ordinary adverts. Namely, a 30-second spot done in the grainy style of a spy-thriller flashback calling for the Mujahedeen-e-Khalq (MEK), an Iranian dissident group, to be taken off the official U.S. terrorist watch list. It’s a conspicuous outsider in the typical ad roster filled with car commercials and cholesterol meds, which might have led some viewers to wonder, “What’s up with that?”

Ask and ye shall receive.

What does the MEK purport to be?

As tabloid editors who traffic in celebrity divorces and teen-idol feuds well know, there are two sides to every juicy story. In the words of the commercial mentioned above, the “MEK is Iran’s democratic opposition working for a nuclear-free Iran founded on human rights.” The ad employs cinematically ominous music and a narrator whose vocal stylings are more stress-inducing than a pelvic exam, all to great effect. It closes with pictures of U.S. politicians and officials who have publicly supported the group, along with the imperative, “Secretary Clinton, for democracy and freedom in Iran, delist MEK.”

This sentiment is well in line with how supporters of the MEK portray the group—as a political movement with freedom-fighting roots going back to the overthrow of the shah. The MEK didn’t mesh well with Iran’s new Islamic government, however, (Marxist leanings appear to terrify powerful imams just as much as they do senators from Wisconsin), and its members were booted from the country in 1981.

When Bibi Met Barack

Netanyahu's evaluation of Iran is based on mythology. Can Obama hold him back?

(AP Photo/Ron Sax)

We mortals are not privy to a transcript of the meeting between Benjamin Netanyahu and Barack Obama. If we had one, it would not show whether the Israeli prime minister relaxed enough to smile at one of the president's jokes, or how long Netanyahu paused before answering if and when Obama said, "Do not start a war with Iran. Period." There was no joint statement afterward, reportedly because the American side knew in advance that the leaders did not agree on enough to fill a respectable press release. According to the leak from Netanyahu's team to every Israeli news organization, the prime minister told Obama that Israel had not yet decided whether to attack Iran's nuclear facilities.

Tinderbox in Israel

Discrimination against Palestinians in the country is reaching frightening levels. 

(Flickr/tamar_levine)

This is the second in a two-part series on Israel's policies toward its Palestinian minority. To read the first part, click here.

A few weeks ago an Arab member of the Israeli Knesset was interrupted repeatedly by a female member of a far right party. He finally told her to “shut up,” whereupon she stood up and poured a cup of water over his head.

The video went viral, and the joke was: “The only good Arab is a wet Arab.”

How to Contain a Nuclear Iran

Regime change is a pipe dream. Is there a way to keep peace in Tehran without it?

Four years ago, when then-Senator Barack Obama was locked in a tough battle for the Democratic nomination for the presidency, he did something candidates for national office in the United States almost never do: He offered sense rather than sensationalism on Iran. Proclaiming in a primary debate his willingness to meet with Iran’s reviled president, Mahmoud Ahmadinejad, was not as radical as it seemed; indeed, every U.S. president since Iran’s 1979 revolution has sought negotiations with Tehran. But in the context of a country still polarized by the Iraq War, Obama’s offer sounded like a rookie mistake. His Democratic rival at the time, Hillary Clinton, described Obama’s stance as “irresponsible and, frankly, naïve,” and his Republican opponents were considerably less generous. Under fire, Obama chose to double down rather than back down, highlighting his commitment to diplomacy as emblematic of his intention to reboot America’s role in the world.

Love in a Troubled Land

For Palestinians in Israel, having a family and being a citizen can be mutually exclusive.

This is the first in a two-part series on Israel's policies toward its Palestinian minority.

It’s hard to fall in love and have a family in Israel if you're one of the country's 1.5 million Palestinians.

Thursday Miscellany

Let's start with the Eeyore.

Yesterday I wrote that women don't count—at least, not to the news media. Right after I posted that, I learned that Katha Pollitt wrote about the same recurring problem last year, brilliantly, of course. One of her key points: if you want more women writers, you need more women editors. Do read her piece. It's depressingly relevant and, of course, funny: 

A German History Lesson

Yesterday, the German Parliament relented and agreed to let the Greek debt restructuring go forward, but only the price of crushing austerity for the Greek economy. This is a widespread attitude in Germany, where aid to the Greeks is unpopular.

The other day, Jörg Krämer, chief economist for Commerzbank in Frankfurt, said of the Greeks, “If you live beyond your means, then you can repair your balance sheet only if your consumption goes down.”

But the Germans might take a moment and reflect on their own history.

All the Scary Ladies

An effort to silence women in the military is meant to empower the radically conservative clergy in Israel.

(AP Photos/Oded Ballilty)

The Israeli military has to face a lot of threats. Iran. Hezbollah. Rockets from Gaza. Women soldiers singing.

If that last item seems out of place, it's because you're reading this in America (where, it's true, presidential candidates can portray contraception as a danger to civilization) instead of reading it in Israel. Here in Israel, the threat posed by female vocalists to religious liberty has been a regular topic in debate of military policy in recent months.

Are You Eating Fish Caught By Slaves?

(Flickr/sarahalaskaphotographs)

According to sociologist Kevin Bales, who founded and directs the new abolition group Free the Slaves, an estimated 27 million people are enslaved around the world today—more than were ever enslaved at any single time in history. The United Nation's International Labour Organization estimates are a more modest 12.3 million—which is still a shocking number of people forced to labor against their will, unable to walk away, for no compensation. Much of the reporting on this phenomenon has been on women forced to work in the sex trades. But the U.S.

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