Building Blocks Towards an Asia-Pacific Union

Although some may have viewed President Barack Obama’s recent Asian trip as uneventful and perhaps unsuccessful, he appears to have recommitted to the principles of globalization as the answer to the world’s economic woes. Obama declared his intentions for the U.S. to be fully engaged in Asia economically, politically, and in areas of security. He announced that America would join negotiations for a Trans-Pacific deal. This could be used as an opportunity for the U.S. to reassert its leadership in regards to trade initiatives and might also serve as a stepping stone for a larger free trade agreement.

A Science Fiction Story – Fidel Castro

How can he contribute to the solution of the grave economic problems afflicting a large part of humanity when at the end of 2008 the total debt of the United States –including that of the federal, state and local administrations, the businesses and families—amounted to 57 trillion dollars, that is, over 400% of its GDP, and that country’s budget deficit reached almost 13% of its GDP in fiscal year 2009, an information that Obama is certainly aware of.