Banking reforms alone, however, aren’t going to bring foreign investors back or prevent the rupee from falling further. This is (Raghuram) Rajan’s real challenge: He is stepping into a stew of financial chaos, missed opportunities and political paralysis that has been simmering for years. It’s no longer inconceivable that India could become the first of […]
The reason that U.S. President Barack Obama passed the buck on authorizing a military strike on Syria to Congress is not because getting congressional approval is the constitutional thing to do. It always has been, although presidents have regularly denied it. Rather, Obama passed the buck to Congress because it was the only way out […]
Ice in Antarctica and Greenland is disappearing faster and may drive sea levels higher than predicted this century, according to leaked United Nations documents. Greenland’s ice added six times more to sea levels in the decade through 2011 than in the previous 10 years, according to a draft of the UN’s most comprehensive study on climate change. Antarctica […]
China‘s anti-corruption drive seems to be gathering steam, as President Xi Jinping goes after the “flies” and the “tigers. Here is what it means: Read Here – BBC
As a rising power, China’s current naval capability does not match the country’s developments. China’s strengthening of muscles and increasing expenses in building sea power have not exceeded the normal level, and accordingly, should not be questioned or blamed. Read Here – ChinaUSFocus
German voters are deciding later than ever whom to vote for this election cycle. That is not good news for Chancellor Angela Merkel. With party loyalty on the wane, many of her core supporters could defect for tactical reasons at the last minute. Read Here – Der Spiegel
One of the impacts of the global recession is that it has compelled a number of countries to scale back their diplomatic representation overseas by closing some of their embassies. Faced with the economic and financial realities during economic downturns, governments often have little choice but to cut back on the spending that is involved […]
So far, public debate about the intervention in Syria has centered on the immediate scope and aims of any U.S.-led military operation, and whether the U.S. Congress should be involved. But no matter how the possible intervention and its aftermath play out, one thing is certain: the eastern Mediterranean — where exploratory drilling has unearthed […]
Once we choose to follow the path of state secrets, we sooner or later reach the fateful point at which the legal regulations prescribing what is secret become secret. Kant formulated the basic axiom of the public law: “All actions relating to the right of other men are unjust if their maxim is not consistent with […]
When Barack Obama succeeded George W. Bush as U.S. president, the world, sick of the latter’s triumphalist, in-your-face unilateralism, heaved a collective sigh of relief. How ironic then that Obama risks making the U.S. the biggest international outlaw of our times. Read Here – Japan Times
