The World The Iraq War Made

The damage from regime change in Iraq has been substantial. According to the Chilcot report, at least 150,000 Iraqis (and possibly four times that number) have been killed in the years since the invasion, and an estimated three million people have been displaced from their homes. The security situation is far worse than under Saddam, […]

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Five Reasons Why Trump Will Win

Well, folks, this isn’t an accident. It is happening. And if you believe Hillary Clinton is going to beat Trump with facts and smarts and logic, then you obviously missed the past year of 56 primaries and caucuses where 16 Republican candidates tried that and every kitchen sink they could throw at Trump and nothing […]

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Has Summer Brought A New Optimism About The Russian Economy?

Markets have soared: the ruble is the best-performing emerging market currency this year, up over 20 percent since late January against the dollar, and equities have posted double-digit gains. Russian markets have benefited from a range of macroeconomic and technical factors—a moderate pickup in oil prices, a search for yield by investors punished by low […]

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Donald Trump’s Dark Vision

The primary election campaign made clear that Republicans are looking for a miracle worker, but with none in the field, they opted for the snake-oil salesmen instead. Trump pitches himself as an ultra-successful businessman, but scratching the story’s surface makes clear that it is — like so many others he tells — a mirage. Read […]

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The Global Economy’s Hesitation Blues

Economic slowdowns can often be characterized as periods of hesitation. Consumers hesitate to buy a new house or car, thinking that the old house or car will do just fine for a while longer. Managers hesitate to expand their workforce, buy a new office building, or build a new factory, waiting for news that will […]

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What The New Panama Canal Tells Us About Globalization

Tens of thousands of people from all around the world had come to see the miracle happen. A giant Chinese ship carrying an astonishing 9,000 containers approached the locks. And then it happened. Seven years after the works were first started, and 102 years after the opening of the first canal, the new, expanded Panama […]

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