On the plus side, Israel’s position in the Middle East has improved, despite the chaos that has overtaken the region since the so-called “Arab Spring” of 2011. Not only is Israel militarily stronger, but due to the threats from Iran and Islamic State, Israel’s relations with its Sunni Arab neighbors have undergone a dramatic transformation, as those countries realize that Israel can be an important asset. Thus far this rapprochement has been largely behind the scenes, but no less marked because of that. Continue reading
Here’s the good news: The chaos and upheaval we see all around us have historical precedents and yet America survived. The bad news: Everything likely will get worse before it gets better again.
That’s my chief takeaway from “Shattered Consensus,” a meticulously argued analysis of the growing disorder. Author James Piereson persuasively makes the case there is an inevitable “revolution” coming because our politics, culture, education, economics and even philanthropy are so polarized that the country can no longer resolve its differences.
Piereson describes the endgame this way: “The problems will mount to a point of crisis where either they will be addressed through a ‘fourth revolution’ or the polity will begin to disintegrate for lack of fundamental agreement.” Continue reading
Should the proverbial you-know-what hit the fan, expect a breakup and future realignment with a ‘coalition of the willing’. We could also be looking at a two-tier monetary system. The uniting factor will likely be economically, plus security and defense driven (by fears of Russia), with the former being necessary for the latter. The question isn’t if a crash and subsequent breakup will follow, because it will, but what will lie in the wake of the aftermath.
In an attempt to try to divert a looming economic stagnation in the European Union, some leading German and French economists have launched some plans to try to revive (read: ‘resuscitate’) the economy of the Eurozone by tackling two issues which might have deteriorated the economic situation in the currency bloc.
Even though it’s unlikely that Germany will revert its stance and more than double its investment in infrastructure-related projects, it does look like the country would be willing to keep the door open for private parties to incur the expenditures. Those will obviously have to be incentivized by for instance a tax holiday or some other monetary advantages. But the budget for infrastructure isn’t Germany’s only problem. Because of its rapidly ageing population, there will be a strong need for new entrants on the labor market and those will very likely have to be sourced through immigration. One of the proposed plans is to automatically give foreigners who graduate from a German university a work permit. This should entice more people to effectively stay in Germany and to support the pyramid of the labor market. Continue reading