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CURRENT LETTER

 
The Kiplinger Washington Editors
Oct. 10, 2008
 

Stock Market Panic:
What Happens Next?

A heart-stopping, gut-wrenching stock market plunge is classic panic. It'll end eventually, but the economy will still need to work through a recession. This week's Kiplinger Letter looks at how we see the economy and government moves to shore up credit markets unfolding in the months ahead.
 
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About a year ago I started a golf accessory online business . I would like to know how I can best market the site to get more visibility from customers as well as differentiating myself from other golf online store.
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Iran's Energy Woes Are Key Piece in Iraq Puzzle

Iran's surprising willingness to acknowledge publicly its difficulties in producing oil and gas may be part of a bid to negotiate a deal over Iraq.
 
 
George Friedman
CEO, Stratfor
George Friedman, a recognized expert and author on national security and intelligence issues, is the CEO of Stratfor (short for Strategic Forecasting Inc.), the world’s leading private intelligence company. Founded in 1996, Stratfor delivers to its clients real-time intelligence, analysis and forecasts on geopolitical, economic, security and public policy issues.

Riots at gas stations in Iran are not the only sign that the petroleum-rich Persian Gulf nation is struggling to produce energy. In a country that usually takes great pains to keep its various woes secret, Iranian officials have been surprisingly blunt about its need to improve production facilities. Why? It may be part of an elaborate diplomatic dance in preparation for serious talks with the United States over calming tensions in Iraq.

Stratfor, a global intelligence and forecasting firm, writes in an analysis entitled Iran: Gasoline Woes, Iraq Talks and the Nuclear Issue that Iran may be making its energy problems public not to signal vulnerability or to seek an end to sanctions against the country, but as a negotiating tactic aimed at protecting at least part of its controversial nuclear program. In other words, the country is trying to illustrate that it needs nuclear power too much to shutter the program entirely.

"Iran wants to use its nuclear program as its chief bargaining chip in negotiations over Iraq," Stratfor says. "Iran hopes this will ensure that any settlement it reaches with Washington will not end up with Iran having to completely capitulate on the nuclear issue. Instead, Iran would place curbs on the enrichment process as a show of good faith." The Bush administration, backed by nervous governments of other Gulf nations, is loath to give an inch to Iran on the nuclear issue. But Stratfor says that growing domestic pressure on President Bush to resolve the situation in Iraq means "the Iranians might be successful in shaping the next round of negotiations."

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