Some economic leaders leaning toward Obama

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Some economic leaders leaning toward Obama
By Geoff Ziezulewicz, Stars and Stripes
European edition, Sunday, November 2, 2008

LONDON — As Election Day looms in the States, some leaders in this global financial hub are leaning toward Sen. Barack Obama with hopes that his economic policies can help lift the world out of its fiscal doldrums.

It’s an about-face for the business people who have generally favored traditional Republican policies of less government regulation and oversight of world corporate finance.

The move toward Obama in some overseas business quarters stems from bleak economic realities worldwide and the substance of each candidate’s financial prescriptions, according to Joe Lampel, a professor of strategy at City University London’s Cass Business School.

"In the City currently, the great fear is of massive financial failure in the U.S. of banks or other financial institutions which will undermine their counterparts here and elsewhere," Lampel said.

It’s by no means a universal consensus, but "Obama is viewed with greater favor," he said.


Rest of article at: http://www.stripes.com/article.asp?section=104&article=58558