Monthly Archives: July 2003


Foreign Policy Economics

I have not seen any statistics on the impact of the many cries to boycot French products we heard during the buildup to the Iraq war and I wonder just how happy the bushies corporate funders will be if current foreign policy has a large negative impact on worldwide sales.

Echoing harvard Professor Business School Professor John Quelch’s April warning:

Selling the American dream has paid off handsomely. Eight of the ten most valuable brands in the world, according to the Interbrand consultancy, are American, and each derives more than half its sales from outside the United States. But now a deepening opposition to American foreign policy is threatening the long-term strength of these brands.

Newsweek reports:

Does the rising tide of anti-Americanism hurt American multinationals? The vocal antiwar protesters would like to think so, but there hasn�t been much evidence for a broader consumer turnoff, until now.

Reporting on the same study the Independent headlines:

Americans are used to resentment of their global dominance. Since the war on Iraq, however, this hostility has begun to hit them where it hurts: in corporate balance sheets.

Countering the gloomy reports Nike and Mcdonalds say that their European revenues are respectiviely either up or flat. It will be interesting to watch these figures over the next 6-12 months.
Via Alternet.


The Iraq Pitch and the Patriot Act

William Rasberry doesn’t want us to be blinded by uraniumgate:

The flap over how the falsehood about uranium purchases from Niger made it into the president’s State of the Union message should not obscure what for me is the most troubling fact: Key members of the Bush administration, convinced in their hearts that America needed to destroy Saddam Hussein, thought it reasonable to exaggerate the threat and deliberately stretch the facts in order to sell the American people on that necessity.

Read his column to see why he thinks this is a pattern of behaviour.
Via Talkleft.


The Land of the Free

Ken MacLeod did not want to risk his freedom:

Recently, on being asked if I intended to visit the United States some time soon, I indulged in the admittedly cheap crack that ‘I’m staying in the free world until America rejoins it.’ Trivial and theoretical though the risk may be, I just didn’t fancy being in a country where you can in theory be disappeared, interrogated and executed without any trial other than by a military tribunal. It wasn’t something I said lightly, because I really enjoyed all my past visits to America.

But now says:

On the bright side, however, I have no reason for not going to America.

Go read why he changed his mind.


Late Night Reading

Craig Cheslog has a lot to say today about texans, the budget and North Korea.
James Joyner reprises the full text of the 2003 State of the Union speach as part of the ongoing did he or didn’t he discussion.
Doc Searls shares his experience with the new whitehouse email system. Via Elizabeth Lawley.
Venomous Kate has a caption contest. That guy is flexible!
Courtney is talking about Salvia divinorum and the war on drugs.
Michael Totten and Oliver Kamm (scroll down to Bush and the Left) discuss bush the leftist. I plan to go back and re-read both of these.
Brad Delong lists three reasons we are worse off without Saddam and a vigorous debate occurs in the comment thread.
Bilmon tries to oneup Craig Cheslog’s Texan comparison (1st reading above) with this republican comparison and gives us a look at the real L. Paul Bremer.
Good night!