Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts

Tuesday, January 22, 2013

If the US attacks us, they know what we’ll do...

Obama has little choice but to go after earnest development in the US foreign policy

Manouchehr Mottaki (MM) is the Foreign Minister of Iran, a country that has ensured that it continues to remain in the bad books of the United States; not only because of its suspicion worthy nuclear ambitions, but also partly because of the war of words that Iran’s President, Mahmoud Ahmadinejad, has loosely declared on the West. Despite various talks of attacks on Iran, Bush has not fortunately put his words into action. The question is, will Barack Obama mirror standard establishment think when it comes to a so-called ‘dangerous’ country like Iran? Though initial reports do suggest to the affirmative, in this exclusive interview, Iran’s Foreign Minister Manouchehr Mottaki says the media needs to be patient as Iran waits for Obama’s next move. He also deflates the chances of full-fledged military confrontation between Iran and US saying that America cannot afford to undertake another conflict in the region.

B&E: What is your opinion on the election of Obama as the US President?
MM: We take into consideration the statements of Americans but we are awaiting their statements and stances after January 21. We should wait and act with further consideration. Obama himself has asked for more time to reflect upon dialogue with Iran and it should be given to him.

B&E: So are you looking forward to the new administration?
MM: Everyone is looking forward to the US administration because everyone is bearing in mind the question of what will be the subsequent strategy of the United States. It is easy to find several criticisms of ongoing policies of the US. That’s why in our understanding, the next administration has little choice but to go after earnest and considerable development for modification in the US future policies, including its policy towards Latin America, Middle East, Iraq, and of course Iran.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

 
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Thursday, October 18, 2012

The General to take retirement?

Aid seems to be going into a black hole, Chapter 11 the best option

Would we have thought in our wildest dreams that second best would be so bad? Well, GM, after all the battering it received from the Japanese, was still the world's number 2 car maker in 2008, with global sales of 8.36 million vehicles compared to Toyota's 8.97 million. Alas, the way they are going, even being number 1 would not have mattered.

So the D-day is June 1, 2009 – a date that'll adjudge the destiny of GM; a date that should see GM stakeholders cast their vote; a vote that will be memorable in the history of the US auto industry, even if painfully. After former GM Chairman & CEO Rick Wagoner’s exodus from the helm of the company, Prez Barack Obama's administration has given GM a deadline of June 1 – either to reach an agreement with bondholders to exchange $28 billion of debt into equity in GM, and with the United Automobile Workers Union; or file for bankruptcy. In case GM files for bankruptcy, a new comp any will be floated, which will include GM's healthy brands and manufacturing facilities, leaving behind the sick ones. Keeping in mind the bailout of $18.88 billion that GM received under the Bush administration after which it posted a mind boggling net loss of $52.8 billion for FY' 08, chances of getting another aid are very grim. “A lot depends on the survival plan, but filing for bankruptcy makes sense as of now,” asserts Christian Breitsprecher, Auto Expert, Sal Oppenheim. Obama has already rejected GM's plea for an additional $16 billion aid. However, if GM does file for bankruptcy, its bondholders may file a case against it, claiming that GM wrongfully pulled out $600 million from its Canadian subsidiary when it knew that insolvency was near.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face
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