View all posts filed under January, 2006

In August 2004, the FBI and the US Justice Department counter-intelligence bureau announced that they were investigating a top Pentagon analyst suspected of spying for Israel and handing over highly confidential documents on US policy toward Iran to AIPAC which in turn handed them over to the Israeli Embassy.

The most difficult prediction for the year 2006 is the direction and trajectory of the US economy. In 2005 the US economy defied all the known tenets of economic theory: In the face of record high trade deficits, monstrous budget deficits, a failed war and major political scandals involving presidential aides, the dollar strengthened against the Euro and the Yen, the economy grew at 3.4% and all the major investment houses had record profits.