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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.51+1.2%Nov 5 4:00 PM EST

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To: Snowshoe who wrote (64337)6/23/2010 12:31:32 PM
From: elmatador  Read Replies (1) of 217546
 
How to read the press:

Compare the characterization of De Gaulle and Lula in the very same issue of The Economist.

economist.com

Lula’s adventure in Tehran smacks of the overconfidence of a politician who basks in an approval rating of over 70% and who sees the Iraq war and the financial crisis as having irreparably damaged American power and credibility. But the United States is still Brazil’s second-largest trading partner. Although some American and Brazilian officials are keen to prevent ill-will over Iran from spoiling co-operation in other areas, it nevertheless may do so. The United States Congress may be even less willing to support the elimination of a tariff on Brazil’s sugar-based ethanol, for example.

Lula wants the UN reformed to reflect today’s world, with Brazil gaining a permanent seat on the Security Council. But by choosing to apply his views on how the world should be run to an issue of pressing concern to America and Europe, and in which Brazil has no obvious national interest, Lula may only have lessened the chances that he will get his way.
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