U.S. stocks rallied, sending the Dow Jones Industrial Average above 14,000 for the first time in five years, as data on the labor market and manufacturing boosted confidence in the world’s biggest economy. “You’re going to see this economy driven by capital being put to work,” Robert Lutts, president and chief investment officer of Cabot […]
It is only when it is too late, when all other options have been rejected, that we are asked to choose between bad and worse. Nine days after the 9/11 attacks, President George W Bush was already threatening that “either you are with us or you are with the terrorists.” Two wars followed, first in […]
The downfall of David Petraeus sent such shock waves through the policy establishment when it hit the news in November because the cause was so banal: the most celebrated and controversial military officer of our time compelled to resign from his dream job as CIA director as the result of an extramarital affair. Yet long […]
The financial crisis had many causes—too much borrowing, foolish investments, misguided regulation—but at its core, the panic resulted from a lack of transparency. The reason no one wanted to lend to or trade with the banks during the fall of 2008, when Lehman Brothers collapsed, was that no one could understand the banks’ risks. It was […]
There is an unremarked paradox in the tumult of the contemporary Middle East. Syria is an economically impoverished country of a little more than 20 million people that has been politically stagnant until 23 months ago. Egypt, by contrast, never socially at rest and with its ancient energies newly bestirred, is at 80.5 million people […]
With bipartisan momentum mounting for comprehensive immigration reform, cautious optimism has emerged that 2013 will be the year for action. Most Americans agree that our immigration system is flawed, but there remains a lack of understanding about the real effects that new immigrants have on wages, jobs, budgets, and the U.S. economy in general. Two […]
“We will show the courage to try and resolve our differences with other nations peacefully—not because we are naïve about the dangers we face, but because engagement can more durably lift suspicion and fear,”President Obama said in his second inaugural address. How exactly does the international community “engage” hostile states? Take China, for instance. Xi […]
The nature of world politics has changed more rapidly in the past four years than anyone expected. From the fall of the Berlin Wall up to the financial crisis of 2008, the United States had enjoyed a unprecedented period of hegemony. A decade ago, the US defense budget by itself was larger than the combined […]
POOR countries have long been a popular destination for the rich world’s toxic trash. In 1987 an Italian importer sparked international outrage by dumping 8,000 leaky barrels in the Nigerian village of Koko. On January 9th Nigeria fined importers $1m for trying to bring in two 12-metre containers full of defunct televisions, computers, microwaves and […]
Whether East Asia’s politicians and pundits like it or not, the region’s current international relations are more akin to nineteenth-century European balance-of-power politics than to the stable Europe of today. Witness East Asia’s rising nationalism, territorial disputes, and lack of effective institutional mechanisms for security cooperation. While economic interdependence among China, Japan, South Korea, and […]
looking beyond borders 