America must smarten up. The global economy has crashed and the cause must be determined to prevent another. My concern is that the big problem facing the world's leaders, who are trying to fix the global economy, will be America's denial of its responsibility for this mess and...

NAFTA's weakest member, Mexico, is fighting a desperate battle against narcos. The cartels have murdered 4,000 mayors, police, army and others in the past year and on Nov. 4 election day they sent a terrible warning to the country.

This may become President-elect Barack Obama's first test and crisis. The...

There is no greater priority now that Barack Obama has won the Presidency than his personal safety.

Much ink will be spilled in the media as to who he should appoint to what cabinet or other positions, where and when. More ink will be devoted to determining and arguing which...

Chicago is my home town and President-elect Barack Obama delivered his knock-out punch acceptance speech in a setting that was emotionally charged. He chose a fitting venue.

He spoke in Chicago's sprawling downtown Grant Park. To many around the world this was just another open-air, grand venue punctuated by pillars....

The cost of bailing out Detroit, which will end up being one automaker not three shortly, is cheap compared to the enormous cost of bankruptcy.

It is also critical to retain a domestic car manufacturing sector because of its importance to the economy as an engine of growth, to the...

Smart money people like Warren Buffett are cherrypicking stock markets and the brilliant businessman from Omaha last week wrote that American investors should be doing the same.
Wrong and here's why:

The Omaha Oracle is wrong for you and me Warren Buffett's recent op-ed piece in the New...

The world economy nearly failed and a global effort by governments and central banks has pulled the system back from the proverbial brink. That's why only a global solution going forward will save the day. Whether Obama or McCain succeed, the next President and his team must manage the creation...

The third debate cinched Obama's landslide. Here's what I wrote in the Financial Post:

It's all over but the crying
The only "victory" the Republican spinmeisters could muster after last night's final Presidential debate was that John McCain was able to explain, concisely, that he is not George...

In the last century, America and its complicated political system resulted in procrastination and delays in joining the two most important threats in the 20th Century: The first and second world wars. Once in, a year or two after the need really arose, America made all the difference.
...

Washington should undertake a massive, temporary buyout of residential real estate in order to save its economy from years of turmoil and credit crisis, said an expert who helped bail out Canada from similar turmoil in the 1980s and early 1990s.

Here's is a scheme I wrote about in the...

Canada's in good shape, relatively speaking, because investment banks have been part of commercial banks and both are properly regulated. Now it's cherry picking time for the Canadians.

But besides selling off huge chunks of the American financial sector, and economy, here are a few more fixes that must be...

Here's my latest warning:

Do not be lulled into buying equities because there was a bounce in markets, where some losses were recouped. Or buying because there are stories of billionaires like Warren Buffett going in and cherrypicking opportunities. This is no stock market for investors. Period. This is...

My take on the situation:

America's political dysfunction and its economic crisis intersected catastrophically yesterday in the House of Representatives which failed to pass a bailout for Wall Street's mess.
At issue was politics but mostly President Bush's lack of credibility. As commander in chief he exaggerated the threats...

The system of financial contribution corruption and excessive checks-and-balances has brought the U.S. economy to its knees, along with the rest of the world.

It may be business as usual for Americans, but believe me there is nothing usual about the world any longer and the U.S. political structure...

If John McCain is too busy saving America to debate Obama tomorrow, why not send Sarah Palin to take him on? After all, he handpicked her and insists that she is qualified enough to assume the Presidency at any time.

This is an obvious move for a Presidential candidate or...

At a dinner in Toronto this week, Karl Rove, gave a glimpse into McCain recklessness.
A Canadian businessman asked him if he thought Sarah Palin would make a good President.
"I don't know," said Rove.

If Rove doesn't know, we should all be worried. Rove is not running...

America's financial 9/11 was self-inflicted as a result of by a stupid regime which believes in the dogma of the jungle. Other capitalist countries have very stable, well organized financial sectors and growing economies. This nightmare happened because in the United States the monkeys guard the bananas.

Here is my...

In 2006, the big five Wall Street firms handed out bonuses to their worldwide employees equivalent to the GDP of Vietnam or about $70 billion.
Now to fix the mess, the big five helped create, will cost probably US$1 trillion, or an amount equivalent to the GDP of India....

America's biggest substance abuse problem is money. Like a crack addict in charge of the drug squad, Washington did little to nothing to control the artificial creation of credit. That is because the Wall Street casinos enabled, with their recklessness, the ability for the Republicans to finance massive budget deficits,...

It's clear that the McCain campaign has lost any moral compass it may have had. When asked about the dreadful tone of the contest in his 9/11 interview, McCain shifted blame to Obama for not agreeing to a series of town hall meetings. The tone "would have been completely different",...