The Insolent Ally

With our guns and money, we have suspended the feuds of Afghanistan. When we truly pack up our gear, the hard truth of that country will win out. The warlords and the vultures will take what they can and leave the place to darkness and ruin, writes Fouad Ajami Read Here – Bloomberg

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Globalization Reversing?

Is globalization running out of steam? A new study shows that cross-border investment and trade flows declined worldwide in 2012, ending a two-year recovery after the global financial crisis. Read Here – BusinessWeek See the study here

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Bitcoin, Bit By Bit

Yes, Bitcoin is what some call a deflationary currency. Because the system was designed to allow the creation of only a finite number of bitcoins, there will come a point where, as demand rises, the value of the currency will only go up (making the price of goods and services fall, hence the term deflation). And that could […]

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In Dollar We Believe

Since 1976, the US dollar’s role as an international currency has been slowly waning. International use of the dollar to hold foreign-exchange reserves, denominate financial transactions, invoice trade, and as a vehicle in currency markets is below its level during the heyday of the Bretton Woods era, from 1945 to 1971. But most people would […]

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“China Won’t Like It”

“China won’t like it.” That has been a consistent refrain of the UPA government and the Congress party in shaping India‘s recent foreign policy. New Delhi‘s self-induced fear of provoking China has restricted the pursuit of beneficial engagement with other major powers and Asian neighbours. India’s self-denial is hardly consistent with its proclamations on “strategic […]

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