Since the second half of 2012, financial markets have recovered strongly worldwide. Indeed, in the United States, the Dow Jones industrial average reached an all-time high in early March, having risen by close to 9% since September. In Europe, European Central Bank President Mario Draghi’s “guns of August” turned out to be remarkably effective….But this financial market […]
Two new books lament the outsized role of the military in Israeli national security decisionmaking, blaming the generals for favoring force over diplomacy. But the military has sometimes been a force for peace and moderation, and in truth the persistence of the Arab-Israeli conflict is the result of far more than just Israel’s bureaucratic politics. […]
Early this year, China found a missing province, one doing very well for itself. The total GDP for 2012, according to the National Bureau of Statistics, was 51.9 trillion yuan. The total GDP figures of China’s 31 provinces for 2012 added up to 57.6 trillion yuan, giving the phantom 32nd province an annual GDP of 5.7 […]
Lost in this cross-wired debate is the issue of the long-term future of the economy. Britain has been finding it difficult to recover from the financial crisis not just because of its austerity policy but also because of its eroding ability to engage in high-productivity activities. This problem is most tellingly manifested in the country’s […]
When Pakistan’s President Asif Ali Zardari travels to Iran on Monday to oversee the formal inauguration of an ambitious gas pipeline project from Iran to Pakistan, his gesture of defying US pressure on this issue will be seen broadly as a hollow one. With just days before the tenure of his elected government ends, Zardari […]
While the new appointments won’t be formally announced by the National People’s Congress, China’s parliament, until mid-March, two senior party sources in Beijing have confirmed promotions for veteran diplomats Yang Jiechi, Wang Yi, and Cui Tiankai. Together, the appointments suggest that China wants to improve the optics of its relationship with the United States, if […]
For too long, women were viewed as victims — of discrimination and illiteracy, of violence, and confined to deferential positions in society because of once-unbreakable cultural and religious traditions. But as the tide of democracy sweeps the globe, women are becoming a growing force on the world stage. We are seeing a new voice of activism […]
It is a shift as momentous as the U.S. eclipse of Britain’s Royal Navy or the American economy’s surpassing of the British economy in the late 19th century. According to preliminary figures reported this week, China has overtaken the United States as the world’s largest net oil importer. Nearly 6 million barrels per day flowed into the United […]
“The British Empire seems to be running off almost as fast as the American loan,” Winston Churchill thundered before the House of Commons on Dec. 20, 1946. “The haste is appalling.” As if secretly synchronized, the pillars of empire and the international acceptability of the pound sterling were crumbling in tandem. In late 1945, President Harry S. Truman’s administration […]
Hugo Chávez, resplendent in crisply pressed fatigues and paratrooper boots with red shoelaces, had a very special guest. Meeting him that day in mid-September 2011 in Caracas was the world’s most powerful banker, who had lent Chávez’s government at least $40 billion over the four years from 2008 to 2012, or about $1,400 for every […]
looking beyond borders 