The past two weeks have probably been the most high-profile weeks for Myanmar in the United States since the uprisings and crackdowns in Myanmar in 1988. The much-awaited visit of Daw Aung San Suu Kyi drew crowds that could be compared, in some ways, only to visits of Nelson Mandela and the Dalai Lama. And […]
Foreign direct investment (FDI) in the retail sector has been at the epicentre of national debate. Much has been said on India possibly losing out on investment by sending a wrong policy signal. But do we really need to get so worked up? Considering the anticipated level of inflows on account of FDI in retail, […]
Silvio Berlusconi, the flamboyant former Italian prime minister, does not love Germany. He made that blatantly clear during his last skit in Rome, when he appeared at a press conference to present a new book by Renato Brunetta titled “The Great Scam”. “Germany is a hegemonic state, not a country that acts in solidarity”, Berlusconi […]
One of the most mind-boggling debates going on in euroland right now – only one of many, but particularly guaranteed to make the head spin, this one – is over the build-up of so-called “Target 2” claims and liabilities. Target 2 is the mechanism by which money is transferred around the euro area to ensure […]
The first outbreak of public anger over Iran’s collapsing currency and other economic maladies jolted the heart of the capital on Wednesday, with the riot police violently clamping down on black-market money changers, hundreds of citizens marching to demand relief and merchants in the sprawling bazaar closing their shops in protest. Read Here _ The New […]
In the past two months, cyberattacks in the Middle East have broadened in scope and complexity. Reportedly done in revenge over politics, regional hackers infiltrated computer systems in the Arabian oil and gas industry, and then allegedly attacked major U.S. financial institutions. Among the newest victims were two major companies in the regional oil industry […]
THE whiff of agrarian reform has hung over North Korea since early summer when DailyNK, a Seoul-based defectors’ website, reported a plan to allow farmers to sell more of their harvest at market prices rather than lower, state-set ones. This week it grew stronger after two Western news agencies reported that farmers would be free […]
Japan Inc is charging into Myanmar. The rush began one night last October, when Myanmar’s new president rolled out a map after dinner to show an aging Japanese power broker a prize that could be Tokyo‘s to develop – a swathe of land nearly as big as Macau. Thein Sein, 67, a former general, had been […]
When one looks at Israeli history, the two wars that changed and defined the country the most were the Six Day War of 1967 and the Yom Kippur War of 1973. The Six Day War put Israel on the map as a true military force in the Middle East, and gave it the respect it […]
Soviet leaders had a poor record of keeping their promises. Nikita Khrushchev’s pronouncement that Communism would be fully implemented by 1980, or Mikhail Gorbachev’s pledge to give every family its own apartment by 2000, only provided more fodder for political jokes. Dmitri Medvedev’s assertion, at a meeting with Western Kremlinologists in September 2009, that direct […]
