China Pulls the Plug on U.S. Loans

Or at least it looks that way: China, wary of the troubled US economy, has already "canceled America's credit card" by cutting down purchases of debt, a US congressman said Thursday. China has the world's largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more …

The Non-Issue of Torture in the Bush Administration

I've about had enough of the blather (especially from my Christian colleagues) about the whole business of torture during the last administration. There are two reasons for this. The first is that the Obama Administration's reasons for shying away from prosecution are entirely practical.  They are as follows: Prosecuting one's predecessors makes it easier to …

The Downside to the Anglican Covenant

Well, the Anglican Consultative Council (ACC) is kicking off its quadrennial meeting in Kingston, Jamaica. (I wish my church would have the good sense to have its General Assembly in Jamaica, but I digress...) One of the items on the agenda is the decision to send the latest draft of the proposed Anglican Communion Covenant …

Design a site like this with WordPress.com
Get started