Giovanna Di Sauro

I refuse to use the word “recession”, as I am in Canada at the moment! However, as one of the major importers (if not the major) of Canadian products and services is the USA – therefore, their recession is starting to affect the Canadian economy, even though Canadian banks fared pretty well during the hot times of the financial meltdown. While working on another post and doing my usual news reading, I encountered some interesting news, and takes, about the current global crisis.

I usually do not mention politics on this blog, but today I am due for an exception. Yesterday night, Barack Obama became the 44th President-elect of the United States of America.
I am not going to discuss this because the States are such an influential player in world politics, so influential that their decisions often have a decisive impact for most other countries involved in alliances, wars, or treaties with them. I am going to discuss it because, although it now seems inevitable that Obama should win this election, it was in fact not so.