U.S.-Cuba Relations: a new beginning or much ado about nothing?

By Jerry Haar Former Federal Reserve chairman Alan Greenspan, in a 1996 televised speech, referred to the continued overvaluation of stocks as "irrational exuberance" — an apt expression today in the wake of President Barack Obama's Dec. 17th announcement of a policy to normalize relations with Cuba. It is wishful thinking to believe that the renewal of diplomatic relations with Cuba will lead to removal of the U.S. trade embargo with that nation. Only Congress can suspend the Helms-Burton Read more [...]

Thoughts on the 2015 World Economic Forum

By Michael R. Czinkota The World Economic Forum (WEF) convened in Davos, Switzerland for a four-day conference with more than 2,500 attendees, including government officials, politicians, and even some celebrities. With big names such as Angela Merkel, David Cameron, Jack Ma, and Bill Gates presenting their thoughts, the meeting is significant. The WEF serves to expose new ideas and innovations and show “this is who we are, and that is what we need.” It highlights current and future issues Read more [...]