President Barack Obama makes remarks on the economy at a fire station in Arlington, Virginia.
(Getty)
Is the "fiscal cliff" math, the denial-ridden presidential campaign and the whimsical pattern of federal regulations over the financial sector trying the patience of the rest of the world? Many believe that the unilateral style of the U.S. is driving the country out of its "number one" spot in the global economy.
An example of this unilateralism, and the dangers that it suggestions, lie in the Standard Chartered Bank controversy. A hearing, set for this week in New York, pits state bank regulator Benjamin Lawsky against Standard Chartered, which he accuses of laundering Iranian cash against U.S. sanctions. Settlement talks are reportedly underway, but is leaving many to wonder if the Lawsky case has become a bridge for for the international community.
Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore and author of the forthcoming book "The Great Convergence," explains why the U.S. should be concerned about the patience of investors and bankers in Asia and Europe and Saudi Arabia.
Kambiz Hosseini: Iran's Jon Stewart on the Presidential Election
P is for Prison: Sesame Street and Overpopulation in America's Jails
Karzai Walks Away From Peace Talks, FEMA Flood Maps Have Big Consequences
Overpopulation of Prisons, The History of Privacy & Democracy, Will Snowden Be Extradited?
Daniel Ellsberg Discusses Snowden N.S.A. Leak
The show is a co-production of WNYC Radio and Public Radio International, in collaboration with New York Times Radio and WGBH Boston.
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Comments [3]
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"..the unilateral style of the U.S. is driving the country out of its "number one" spot in the global economy"
Gee, it wouldn't be over 16 trillion in debt with FIVE trillion spent since Obama has been President that has led to the decline (fundamental transformation) of the United States by 2016 and the ominous rise of China making the 21st Century a very dangerous place?
Blame America, the people, the economic system, the political system but not the Dear Leader?
The election of 2012 is the last exit before the decline of the United States.
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