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Though U.S. President Barack Obama was re-elected by a generous vote, he will continue to face the legislative gridlock of the past two years. How he acts in the coming weeks will tell us whether there is a newly-revitalised President in town, or the same one the world has got to know in the last four years.
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The electoral races in the US reflect the split down the middle in political affiliations of the people. Yet, no major change is expected. This election is about whether the wealthy in the United States can be asked to pay taxes at the same if not slightly higher rates as the middle class.
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The race for the White House between President Barack Obama and Presidential Candidate Mitt Romney is so close, that the outcome could be anyone’s guess. This has resulted in the quality of the candidates' performance in the three Presidential debates being focused on for the first time.
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There’s been much talk about the “the rise of the rest,” with Brazil, Russia, India, and China leading the charge. However, few countries can sustain unusually fast growth for a decade, and even fewer, for more than that. As the boom years begin to end, the international order won’t change as much as expected.
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As the NATO troops prepare to pull out of Afghanistan in 2014, India is already positioned to take on a larger, pro-active role, which can radically alter the balance of power in South Asia. However, what will determine the future of security in the region, is how India and Afghanistan deal with Pakistan.
Rajat Gupta, former chief of McKinsey & Co., was sentenced to two years in jail for insider trading and a fine of $5 million. Whether that will send a deterrent message to corporate boardrooms, which prosecutors claim, is unclear.
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Domestic issues like jobs and the housing market were front-and-centre during the third round of the U.S. presidential debates. Though the positions taken bears limited resemblance to what will happen in the real, post-election world, the outcome of the elections is bound to affect the world in big and small ways.
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During the final weeks leading up to the U.S. Presidential elections, moderate views don't seems to count. Though foreign policy was included in the debate, it was confined mostly to China and the Middle East. Both candidates are looking to be one step ahead to win the last of the undecided voters.
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The ability of the slowly recovering U.S. economy to get people employed is more important to American voters than anything else. However, surprisingly, terrorism and the direction of American foreign policy have become a much larger factor in the U.S. Presidential debates.
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A short analysis by Gateway House on the second U.S. Presidential debate and the closing window of undecided voters in the country.