The US$1.92 billion settlement reached between HSBC and the U.S. Department of Justice this past December over allegations of money laundering by the global bank served as a stark reminder to all financial institutions: The penalty for breaking sanctions against Iran and other blacklisted nations would not only be severe, but even the biggest institutions […]
When Deng Xiaoping opened China’s doors to the world, he was quite clear in his message to his people: Do not challenge the American supremacy in any sphere. He needed Washington’s help for China’s journey to prosperity and recognition as a large power; to return the nation to what the Chinese considered to be their […]
To be sure, Chávez’s boldness partially helped inspire pride and political self-confidence in the region, in addition to revitalizing the dream of leftist revolution in Latin America. Chávez’s contributions, however, were minimal compared with the positive impact of larger and more important factors, such as the rise of Brazil, the commodity boom, the growing assertiveness […]
Xi Jinping is already far better understood than his predecessor, Hu Jintao. By the time he ascended to the presidency on March 5, completing the trifecta of the three most important roles in China (he’s also the chairman of the Communist Party and chair of the Central Military Commission), foreign observers had long known where […]
Even as Xi Jinping gets ready to assume the presidency of China this month, jockeying has begun for 2017 when rising stars of the ruling Communist Party move into top leadership posts. China’s first and second generation Communist Party leaders, such as Mao Zedong and Deng Xiaoping, ruled as single paramount leaders. But over the past two decades, […]
It is striking that, more than a decade after America‘s 9/11 wars began, the U.S. military has not conducted a probing review of what it did wrong in handling the conflicts in Iraq and Afghanistan and how to do better next time. Even as the Vietnam War wound down, the U.S. Army took a hard […]
Rage against the political establishment has become a global phenomenon. Chinese bloggers, American Tea Party activists, British Europhobes, Egyptian Islamists, Dutch populists, Greek ultra-rightists, and Thai “red shirts” all have one thing in common: hatred of the status quo and contempt for their countries’ elites. We are living in an age of populism. The authority of conventional […]
India does not reconcile contradictions so much as inhabit them. Is there one god? Three? Gods? Without number? Yes, yes, and yes. Visitors are instructed to leave their Cartesian logic at passport control. This is contrary to my all-too-binary nature. But after two weeks in Delhi talking to people about the wrinkled, lumbering, battle-scarred pachyderm […]
It’s 10 years since the overthrow of Saddam and 25 since he ordered the Kurdish genocide. I can guarantee that you will not hear much about Saddam’s atrocities in the coming weeks. As Bayan Rahman, the Kurdish ambassador to London, said to me: “Everyone wants to remember Fallujah and no one wants to remember Halabja.” […]
A peaceful mass secular protest involving people from all walks of life, spearheaded by a tech savvy young generation, apparently independent from political parties, seeking accountability for war crimes committed in 1971. This has been Shahbag, a square in the centre of Dhaka, Bangladesh, an (almost) non-stop protest since February 5. The positive aspects are obvious to […]
