International Investing
![]() |
| Emergency personnel in front of buildings destroyed in an air raid in Tkviavi, Georgia. |
Russian President Medvedev and Prime Minister Putin must understand the severe, long-term negative consequences that their government's actions will have for Russia' relationship with the U.S. and Europe. The United States and our allies should continue efforts to bring a resolution before the U.N. Security Council, noting the withdrawal of Georgian troops from South Ossetia, and calling for an immediate cease-fire and the withdrawal of Russian troops from Georgian territory. We should move ahead with the resolution despite Russian veto threats, and submit Russia to the court of world public opinion." Those are strong words. McCain basically wants the U.S. and our NATO allies to work together to embarrass Russia in the world's eyes. Russia may not react kindly to such scrutiny. It is interesting to note that McCain mentioned NATO instead of the European Union. NATO originates from an effort to contain the former Soviet Union through military coordination during the Cold War. He appears ready to take the mantle and re-establish a Cold War. Obama, like McCain, issued stronger statements on Saturday than his original one Friday. It included condemning Russia's invasion of the sovereign territory of Georgia, supporting the boundaries and independence of Georgia. He said in a statement: "
As I have said for many months, aggressive diplomatic action must be taken to reach a political resolution to this crisis, and to assure that Georgia's sovereignty is protected. Diplomats at the highest levels from the United States, the European Union and the United Nations must become directly involved in mediating this military conflict and beginning a process to resolve the political disputes over the territories of South Ossetia and Abkhazia. A genuinely neutral mediator -- not the Russian government -- must begin a process of negotiations immediately." However, Obama avoided the strong references to military action from alliances like NATO and stopped short of calling for a U.N. resolution to embarrass Russia.
TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |



Connect with TheStreet