Egypt: Mohammed, KFC, And US

I have been traveling most of this week, watching events in the Middle East unfold from the American heartland.  The reaction among many of the people there was a mix of shock, anxiety, and fear.  They also wanted to know why people are storming U.S. diplomatic compounds.  Americans are in disbelief that this is happening […]

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Germany’s Unsustainable Growth

With the euro in crisis, Germany has come to seem like a lone island of fiscal stability in Europe. Its debt levels are modest, its government bonds are safe havens for investors around the world, and it has avoided the kinds of private credit booms and housing bubbles that have destabilized the rest of the […]

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The Anti-American Demonstrations Raging In the Middle East And North Africa Extend Beyond The Violence Of The Day, Providing A Broad Diplomatic Challenge To President Obama’s Attempts To Forge Relationships With New Regimes Across The Arab World, Says Washington Post

The immediate crisis involves a pair of post-revolutionary Arab countries — Egypt and Libya — that Obama has worked to ensure will be supporters of the United States as they endure difficult transitions from autocracies to self-government. Now part of a bitter U.S. presidential campaign, the attacks this week will test the diplomacy Obama will use […]

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As China Slows, Australia Feels The Pain

The last time Australia was mired in recession, Boris Yeltsin had yet to stand on a tank in Moscow, and the Clinton era hadn’t begun. In 1991, Australian trade with China was a modest A$3.6 billion (about the same in U.S. dollars). In the preceding decade unemployment had averaged 7.8 percent, as Australia struggled to develop tourism […]

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Islamabad Is Making Friends — Just Not With America, Says Foreign Policy

“It’s been a difficult year,” Pakistani Foreign Minister Hina Rabbani Khar acknowledged in an interview in her office in Islamabad last week. That’s a bit of an understatement for a first year on the job in which she has had to weather a series of diplomatic crises including turban-bomb assassinations, terrorist extraditions, and friendly-fire incidents. […]

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China’s Princelings Are Running Amok. And Bo Xilai Is Just The Tip Of The Iceberg

Some of China‘s most respected public intellectuals are warning that society and economy are being held hostage to the wealth-maximizing requirements of the political elite. These warnings echo privately in business circles, too, where entrepreneurs continue to be enthralled by the prospects of short-term profits but increasingly alarmed about their personal and financial security. Officials in developed […]

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