The New Old Year

Any look back at 2012 would necessarily focus on three parts of the world: the eurozone, with its seemingly endless financial uncertainties; the Middle East, with its many upheavals, including, but hardly limited to, the Muslim Brotherhood’s accession to power in Egypt and Syria’s savage civil war, which has already claimed more than 60,000 lives; […]

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Catherine the Great Ruled Better Than Putin

One year has passed since Russia awakened. A negative trend had dominated the past 12 years in Russia: The number of freedoms decreased while abuses of the Kremlin‘s power increased. This was largely met by indifference among the people. But in December 2011, that indifference ended with the beginning of the protest movement. The country was set on a new path that will lead to either the overthrow of the regime […]

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The Global Indian

No other country has anything like it – an annual jamboree of its diaspora, conducted with great fanfare by its government. India has been doing it, with great success, for a decade, timed to recall the return to India of the most famous Indian expatriate of them all, Mahatma Gandhi, who alighted from his South […]

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What Happens When China Goes “Gray”?

As China‘s major trading partners try to control rising public pension and health care costs, they may not realize they also have an important stake in China’s ongoing struggle to fashion a safety net for its own rapidly aging population. Many observers assume China has no pensions or healthcare insurance for the 185 million people over […]

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Lessons From the Last Great Hero of Modern Finance

The global economy was not the only casualty of the 2008 financial collapse. The crisis also soiled the reputations of many in the financial industry and of the regulators, political leaders, and media outlets that were supposed to keep them in check. So William Silber’s new biography of Paul Volcker, one of the last remaining […]

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France Goes It Alone: The Economist

FRANCE’S decision on January 11th to begin air strikes against Islamist rebel positions in northern Mali, designed to prevent “the establishment of a terrorist state” in the African Sahel, contained elements of both surprise and familiarity. The surprise was that François Hollande, the president, a Socialist leader not known for decisive action and untried in foreign […]

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First Strike: US Cyber Warriors Seize the Offensive

When the Pentagon launched its much-anticipated “Strategy for Operating in Cyberspace” in July 2011, it appeared the US military was interested only in protecting its own computer networks, not in attacking anyone else’s. “The thrust of the strategy is defensive,” declared Deputy Secretary of Defense William Lynn. The Pentagon would not favor the use of […]

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India’s Empty Democracy Can’t Protect Its People

Elections make for responsive and accountable governments, or so goes the truism. But can they also achieve the opposite — that is, encourage complacency, even callousness, among elected representatives? Last month’s headlines from India and China present a disquieting contrast between elected and unelected governments for anyone committed to democratic politics. Read Here – Bloomberg

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