Daily Archives: September 11, 2012

Reality Check: 20120911

Here is Gary’s essay, How to Break the Chicago Teashers Strike in 7 Days. For more by Gary, visit his website at http://www.garynorth.com/.

The benefits previously negotiated by public sector unions and thir ongoing demands are unfordable. Dealing with these unions will become an  imperative over the next few years. This essay could serve as a useful template for dealing with any public sector union.

War and Bluff: Iran, Israel and the United States

September 11, 2012

Stratfor

By George Friedman

For the past several months, the Israelis have been threatening to attack Iranian nuclear sites as the United States has pursued a complex policy of avoiding complete opposition to such strikes while making clear it doesn’t feel such strikes are necessary. At the same time, the United States has carried out maneuvers meant to demonstrate its ability to prevent the Iranian counter to an attack — namely blocking the Strait of Hormuz. While these maneuvers were under way, U.S. Secretary of State Hillary Clinton said no “redline” exists that once crossed by Iran would compel an attack on Iran’s nuclear facilities. The Israeli government has long contended that Tehran eventually will reach the point where it will be too costly for outsiders to stop the Iranian nuclear program.

The Israeli and American positions are intimately connected, but the precise nature of the connection is less clear. Israel publicly casts itself as eager to strike Iran but restrained by the United States, though unable to guarantee it will respect American wishes if Israel sees an existential threat emanating from Iran. The United States publicly decries Iran as a threat to Israel and to other countries in the region, particularly Saudi Arabia, but expresses reservations about military action out of fears that Iran would respond to a strike by destabilizing the region and because it does not believe the Iranian nuclear program is as advanced as the Israelis say it is.

The Israelis and the Americans publicly hold the same view of Iran. But their public views on how to proceed diverge. The Israelis have less tolerance for risk than the Americans, who have less tolerance for the global consequences of an attack. Their disagreement on the issue pivots around the status of the Iranian nuclear program. All of this lies on the surface; let us now examine the deeper structure of the issue.

Flash Point: We Were Right on Treasuies

We have long held that China could not “dump” its Treasury holdings. We have discussed this at length in Who’s Dumping Treasuries?  Today we read an article in Bloomberg, China’s U.S. Debt Holdings Aren’t Threat, Pentagon Says, that corroborates a number of the points we made. These points are:

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