The first things the visitor sees are the treasure chests. Strong and functional yet ornately decorated, the ranks of chests against the wall are a silent reminder of an eloquent truth. The building of a global empire is principally about the commodity the original owners of these imposing boxes hoped to fill them with: money. […]
The year 2012 will go into the history books as one of contrasting transitions. China’s five- year cycle for Communist Party congresses and leadership turnover overlapped with the U.S.’s four-year electoral calendar. And if that once-in-20-years coincidence wasn’t enough, Egypt’s rocky shift from dictatorship to democracy continues to remind us of what transition looks like in […]
Syria’s Alawite regime collapses from within and without. High-level defections march in step with rebel gains through the Sunni heartland. The Obama administration’s signature regional strategy — described in a Freudian slip by a French career diplomat here as “waiting from behind” — now badly trails events. That would not constitute a disaster for Washington if the fate […]
Though there was no major dissension at OPEC’s Dec. 12 meeting in Vienna, there were signs that Saudi Arabia and Iraq are headed for a face-off over how much oil to pump. Before the start of the meeting, Abdul Kareem Al-Luaibi, Iraq’s oil minister, told reporters that his country plans to produce as much oil […]
Last month the United Nations published a highly critical internal report in which it admitted it didn’t do enough to protect Tamil civilians in the final months of the Sri Lanka civil war. In late 2008, the UN had withdrawn staff from the northern part of the country in anticipation of the Sri Lanka government’s bloody military […]
The 2008 Indo-U.S. Civilian Nuclear Agreement was supposed to mark a watershed moment for India – U.S. relations, ending the two democracies long-standing estrangement and ushering in a new era where New Delhi and Washington would be “indispensable partners.” But four years after the deal came into effect, much of the initial enthusiasm that it […]
It’s that time of year again: Experts of all kinds are coming out of the woodwork to offer up forecasts and predictions for the year ahead. It can be amusing, but this is not the most productive way to think about the future. Perhaps you’re familiar with Philip Tetlock’s landmark 2005 UC Berkeley study that looked at […]
For decades, Democrats and Republicans alike have invested heavily in governance schemes that erode the Constitution’s separation of powers and mar its proper functioning. The Federal judiciary has uniformly rubber-stamped these schemes. The consequence has been an unsustainable spree of borrowing, spending and overregulation at the Federal level, cyclical fiscal crises at the state level, […]
In defiance of all appearances, Egypt‘s President Mohammed Morsi has declared “the dawn of a new Egypt” following the implementation of the new constitution. For him, Egypt will now be fairer, more closely in touch with its Islamic roots and open for development without the stifling cronyism of the Mubarak era. The reality of what […]
The European Central Bank has managed to calm the markets with its promise of unlimited purchases of eurozone government bonds, because it effectively assured bondholders that the taxpayers and pensioners of the eurozone’s still-sound economies would, if necessary, shoulder the repayment burden. Although the ECB left open how this would be carried out, its commitment […]
