FROM Ken Yeang
The Collapse of the 'Dubai Miracle' Two weeks ago, the world of finance was told that Dubai had weathered the global recession. But last week, markets around the world were shaken when Dubai World, the country's major developer, asked for a six month delay in payments on billions in debt. Now, global financiers are claiming they've been misled. Should investors have seen it coming? What's the possible impact on the global economy? Is the next step a kind of test for Islamic finance under Shariah law?
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?