War and the Economy

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Last October, the Wall Street Journal reported that the Bush White House was -confident-smug, even-that the US can invade Iraq and still improve the economy.- Since then, the President has proposed massive tax cuts along with new spending on national security. While some critics say that will stall recovery and burden the future with massive deficits, others believe that a quick victory in Iraq might give the economy a much needed boost. Are tax cuts and war in Iraq a recipe for economic recovery or a prescription for financial disaster? We engage in a lively debate with economic experts from the Treasury Department, the Center for Economic and Policy Research, a private money management firm and Barron-s Barron's National Business and Financial Weekly. Making News: First 9/11 Terrorism Conviction In Hamburg, Germany today, a Moroccan student was convicted of more than 3000 counts of accessory to murder. The trial of Mounir el Motassadeq was the first connected to the terrorist bombings of September 11. Reymer Kluver, who reports for Suddeutsche Zeitung, Germany-s largest daily newspaper, reports on the trial and circumstantial evidence that resulted in el Motassadeq-s maximum sentence. Reporter's Notebook: Iraqi Antiquities and Archaeology at War Iraq was once Mesopotamia, the birthplace of Western civilization. Writing, accounting and the government of city-states were all invented there. The world-s oldest city is now inside an Iraqi air force base, posing a question for 21st Century invaders. David D-Arcy, who writes for The Art Newspaper, a British monthly, reports on the military-s hopes of deposing Iraq-s current regime without destroying unique relics of the ancient past.
Last October, the Wall Street Journal reported that the Bush White House was -confident-smug, even-that the US can invade Iraq and still improve the economy.- Since then, the President has proposed massive tax cuts along with new spending on national security. While some critics say that will stall recovery and burden the future with massive deficits, others believe that a quick victory in Iraq might give the economy a much needed boost. Are tax cuts and war in Iraq a recipe for economic recovery or a prescription for financial disaster? We engage in a lively debate with economic experts from the Treasury Department, the Center for Economic and Policy Research, a private money management firm and Barron-s Barron's National Business and Financial Weekly.
  • Making News: First 9/11 Terrorism Conviction
    In Hamburg, Germany today, a Moroccan student was convicted of more than 3000 counts of accessory to murder. The trial of Mounir el Motassadeq was the first connected to the terrorist bombings of September 11. Reymer Kluver, who reports for Suddeutsche Zeitung, Germany-s largest daily newspaper, reports on the trial and circumstantial evidence that resulted in el Motassadeq-s maximum sentence.
  • Reporter's Notebook: Iraqi Antiquities and Archaeology at War
    Iraq was once Mesopotamia, the birthplace of Western civilization. Writing, accounting and the government of city-states were all invented there. The world-s oldest city is now inside an Iraqi air force base, posing a question for 21st Century invaders. David D-Arcy, who writes for The Art Newspaper, a British monthly, reports on the military-s hopes of deposing Iraq-s current regime without destroying unique relics of the ancient past.

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Warren Olney