Libya: The fighting continues. The story unfolding in Libya remains centered around Khaddafy’s unrelenting grip on power, and his employment of all-out strategic warfare against dissenting rebels, which carried on again Tuesday morning. While the fighting is seemingly ceaseless, one lasting unforeseen consequence of this enduring civil revolt may be its impact on migrant workers: The UN estimates one million people need emergency aid as result of the ongoing crisis.
Oil: The price of oil topped $105 per barrel Monday, proving yet again that the inelastic nature of of human demand for black gold may very well be the new golden rule.
Gitmo: On CBS’ 60 Minutes on November 16th, 2008, then President-Elect Barack Obama pledged “I intend to close Guantanamo, and I will follow through on that.” That quote, and others, may resonate in the minds of democrats as Obama begins the 2012 election season. The President on Monday approved the resumption of military tribunals of suspected enemy combatants detained in Guantanamo, rendering any plans for Gitmo’s closure tenuous in the near future.