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 […]
It wasn’t Barack Obama’s doing — at least not fully. The crowds in Paris and Berlin, and the Muslims in Cairo and Karachi, eager to be done with President George W. Bush, took the new standard-bearer of American power as one of their own, a cosmopolitan man keen to break with the embattled certitude of […]
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 […]
Ten years ago, Germany was considered the sick man of Europe. Its economy was mired in recession, while the rest of Europe was recovering; its unemployment rate was higher than the eurozone average; it was violating the European budget rules by running excessive deficits; and its financial system was in crisis. A decade later, Germany […]
The prime purpose of diplomacy is to explore a congruence of diverse interests. But diplomacy is stultified if there is no acceptance of the reality of an interest other than our own. That has even been the besetting sin of Indian foreign policy from Jawaharlal Nehru to this day. We share the American disdain for […]
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 […]
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.” […]
looking beyond borders 