The demise of Bear Stearns was the beginning of a six-month erosion in global financial stability that would culminate with the failure of Lehman Brothers on September 15, 2008, triggering possibly the greatest financial crisis in history. To be sure, the Great Depression of the 1930s involved a far greater collapse in economic activity. But […]
After decades when the core components of US and Saudi strategic policies were more or less in sync, the United States is suddenly not playing by the Saudi playbook. It won’t give the Syrian resistance a blank check; it is daring to consider softening its stance towards Iran; it has dared to criticise, however mildly, […]
Were Prime Minister Manmohan Singh to stay away from the Commonwealth Heads of Government Meeting (CHOGM) summit in Colombo next month, it would not only be perceived as a snub by Sri Lanka but would damage Delhi’s soft-power projection in its own environs and prove deleterious to India’s interests. Read Here – The Hindu
India’s prosperous future has hardly ever seemed farther away than it does today. The country’s ongoing economic crisis has darkened the atmosphere — and done so in a way tragically familiar to most Indians. Read Here – Foreign Affairs
On a global scale, then, the volatility caused by furloughs and sequesters looks pretty small. But the relative impact of default will be much worse in the case of the U.S. than it is when it comes to smaller, poorer countries. Read Here – Businesswekk
Asia is likely to remain the world’s economic engine despite the recent soft patch in global growth and increasing volatility in international financial markets, says the International Monetary Fund. Read Here – International Monetary Fund
Xi has given a lot of attention to foreign policy, and allocates a substantial portion of his time to diplomacy. So what will Xi Jinping’s diplomacy be – and how will it differ from his predecessor, former President Hu Jintao? Read Here – The Diplomat
Despite the administration’s hype of President Obama’s “historic” 15-minute phone call with the ostensibly moderate Iranian president Hassan Rouhani, the looming prospect of direct engagement with the regime in Tehran over its nuclear weapons program, and all the other symptoms of Rouhani fever gripping Washington, the White House says it won’t be suckered by the […]
So what is likely to come out of the party meeting? There will probably be few specifics about what shape individual policies may take. But there will be no dearth of broad statements by top leaders, including Party Secretary Xi Jinping and Premier Li Keqiang, laying out long-term goals for the country. Read Here – […]
Singapore is at a turning point, and the major policy shifts in housing, healthcare and education all aim to facilitate the country’s entry into a new phase of development and nation-building.
