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The Obama Doctrine and Smart Power, Pt. 2

The Obama Doctrine and Smart Power, Pt. 2

This is part two of a two-part post about the Obama administration’s approach to foreign policy and military intervention in Africa and the Middle East. The other day I discussed the first four points of Obama’s approach to military intervention – be effective, follow international law, put no American troops on the ground, and multilateralism.  Today I will talk about the last one: having a clearly-defined goal. This is the most important tenet of all.  In Iraq, the U.S. overthrew…

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A Toaster in Every Kitchen: Growing Demand in Developing Nations

A Toaster in Every Kitchen: Growing Demand in Developing Nations

The chart above is a bit complicated, but remarkably interesting.  For a good explanation, read Felix Salmon.  For a below-average explanation of questionable veracity, keep reading.  This chart displays the ratio of two ratios.  The numerator is the P/E (price to earnings) ratio of all the companies on a major U.S. technology stock index, and the denominator is the p/e ratio of all the companies on a major U.S. industrial stock index.  Simply defined, a P/E ratio is the market…

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