It’s The Gas, Stupid

China has revolution envy. The world’s largest energy consumer wants a natural gas boom to match the speedy transformation in the U.S., where shale gas production more than quadrupled between 2007 and 2012. Read Here – Bloomberg

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The Dollar Sinkhole

China’s $3.8 trillion of currency reserves are the largest stockpile ever amassed. Economists have long seen that money as a strength — the ultimate rainy-day fund should China’s shadow-banking system blow up. Trouble is, the value of those holdings depends on China’s $1.3 trillion of U.S. Treasuries. If they plunge in value, all hell breaks loose […]

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Europe Vs History

History matters, but in different ways. In some places and for some people, history means eternal clashes that are shaped by profound geopolitical forces: four centuries ago is the same as yesterday. Elsewhere and for other people, history suggests a need to find ways to escape from ancient predicaments and outdated prejudices. It is this […]

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Up, Down, But Still Moving Forward

The coming months will see no end of obituaries written for the emerging world, and of the perils they face. There is nothing new about these prognostications, and they all miss the glaring realities of democratic transformation and its sometimes tumultuous consequences. They miss as well the degree to which hundreds of millions have seen […]

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Recast The Alliance

Last weekend, Helmut Schmidt and Henry Kissinger participated in a discussion at the Munich Security Conference – just as they did a half-century ago, when they took part in the first Internationale Wehrkunde-Begegnung (the forerunner of today’s conference). In the meantime, many developments around the world have given us reason to rejoice – but also to reflect. […]

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