Archive for the ‘foreign’ Category

Overseas challenges cascade on Obama

February 9, 2009

As President Obama begins his fourth week in the White House, foreign rivals and erstwhile allies already have begun to challenge U.S. interests abroad.

On Friday, Pakistan – the recipient of billions of dollars in U.S. aid – released from house arrest Abdul Qadeer Khan, the nuclear scientist who for two decades ran a black market that sold nuclear-weapons technology to U.S. adversaries including Iran and Libya.

By Eli Lake
The Washington Times

Two days earlier, Kyrgyzstan announced that it would not renew a U.S. lease at the Manas air base, a critical transshipment point in the Afghanistan war. Meanwhile, the Russians – who offered Kyrgyzstan $2 billion in cash and loans to oust the Americans – said that they intend to establish a new base in a breakaway enclave of Georgia, the country Moscow invaded over the summer in response to a Georgian assault on another enclave.

If this were not enough, Iran last week launched a crude satellite into space, suggesting that the Islamic regime has mastered at least some of the technology for multistage, long-range missiles.

Finally, Yemen on Sunday announced that it had released 170 men arrested on suspicion of having ties to al Qaeda. Just two weeks earlier, the terrorist group called Yemen its base for the entire Arabian Peninsula.

While none of these events amounts to the foreign policy crisis that Vice President Joseph R. Biden Jr. said during the campaign would test the new president in his opening months, Mr. Obama’s reaction will shape foreign perceptions of the new U.S. leader’s mettle.

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GM’s Failure Would Be A World of Hurt

December 7, 2008
As the U.S. automaker’s revenue has fallen in the U.S., forcing it to turn to the government for a bailout, international operations have remained profitable.
By Ken Bensinger
The Los Angeles Times
December 7, 2008
Nearly three-fifths of the employees at General Motors Corp. work for a company that makes cars that are admired, popular and profitable.

They just don’t work in the United States.

GM has a bigger presence outside the U.S. than in it, employs more people in other countries than here, and actually makes money selling cars everywhere from Sao Paulo to Shanghai. Its U.S. revenue has sunk 24% in the last three full years, but in the rest of the world, GM can boast a 28% increase.

Now, as lawmakers mull whether to provide billions of dollars in loans to keep the Detroit-based company from collapse, GM’s global reach has become in many ways its most overlooked asset and a key to its ultimate survival.

“A major argument for keeping GM out of bankruptcy is the strength of its foreign footprint,” said Kimberly Rodriguez, a partner at accounting and management consulting firm Grant Thornton, which works with auto companies….

Get the Feeling Russia and China Are Slicing Up The World and the U.S. Will Be Left Out?

GM's Opel plant 
IN GERMANY: An employee works on an assembly line at GM subsidiary Opel in ƒsBochum. Of the company’s 252,000 workers, 152,000 work outside the United States. Photo: Volker Hartmann, AFP, Getty Images

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