The Sun Sets on American Empire

Throughout the campaign season, Mitt Romney and Barack Obama alike insisted that the 21st century must be another American century—that the U.S. should continue to be the world’s predominant military, economic, and political power for generations to come. After ten years of shattered hegemonic dreams, leaders of both parties still feel compelled to declare their […]

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The Second Coming of Barack Obama

The race was tough, but US President Barack Obama has won re-election. The question now, for the United States and the world, is what will he do with a fresh four-year term? To win re-election with a still-weak economy and unemployment close to 8% was not easy. Many leaders – Nicolas Sarkozy, Gordon Brown, and […]

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In The End, Obama Won On The Economy

In the end, President Barack Obama won re-election on the issue that was supposed to send him packing: the sluggish U.S. economy. The United States is still digging out from the deepest recession in 80 years, and employers are barely adding enough jobs to keep pace with population growth. Trillions of dollars of household wealth have vanished in […]

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Why Investors Are Fine With a Second Obama Term

In theory and on paper, there should be no doubt that the market would much rather have a deregulating, tax-cutting, financially savvy investor in the White House. Mitt Romney is the closest thing to an accomplished businessman to get this far in a presidential race since Ross Perot ran 20 years ago. Yet you can’t help but get the […]

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Notes on the Decline of a Great Nation

The United States is frittering away its role as a model for the rest of the world. The political system is plagued by an absurd level of hatred, the economy is stagnating and the infrastructure is falling into a miserable state of disrepair. On this election eve, many Americans are losing faith in their country’s […]

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Pakistan’s Hot Nuclear Greenhouse

Forty-seven years ago this month, Pakistan’s then Foreign Minister, Zulfikar Ali Bhutto, while on a visit to Vienna, had an unscheduled chat with a young, obscure nuclear scientist called Munir Ahmad Khan. “I briefed him about what I knew of India’s nuclear programme and the facilities that I had seen myself during a visit to […]

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Restoring Russia’s Greatness

Greatness is an odd word because it signifies both quantity and quality. In the case of Russia, the two are easily confused. Even after the huge territorial losses incurred with the Soviet collapse, Russia still accounts for one-seventh of the Earth’s surface. Therefore, it has a geographical imperative to think big. Russia is unlike Britain and France, which shrank back to their middle-sized home nations after losing their […]

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