Can Romney Turn This Contest Around?

In baseball, a game without a clock, each player on a team that is behind by a bunch of runs is advised to “stay within yourself.” That baseball lingo means: Do not try to do too much. Instead, get ’em on, get ’em over, get ’em in. There are no five-run home runs. Small, incremental gains matter […]

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Sequestration and What it Might Mean for American Military Power, Asia, and the Flashpoint of Korea

n recent months, concerns over sequestration and its impact on the US military have reached a fever pitch in Washington. Sequestration “would destroy the military” and cause an “inability to defend the nation” argued Senator John McCain, ranking member of the Senate Armed Services committee.[1]“Cuts of this magnitude would be catastrophic to the military,” testified […]

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Looking Beyond The Honeymoon

It is rare for the ideas people to be behind the curve but those who say the India–US relationship has been reduced to merely “feel good” meetings and junkets are exactly that — a little behind the curve. Critics in both Washington and New Delhi complain about the preponderance of grand rhetoric which remains unmatched […]

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China: What Kind of Superpower?

As nationalist war-mongering goes, the anti-Japanese demonstrations taking place across China have been relatively tame. Chinese authorities have maintained tight control over the protesters, some of whom call for an armed response against Japan over disputed islands in the East China Sea: Plastic bottle-throwing is allowed, glass bottle-throwing discouraged. For all the jingoistic talk, the […]

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History Offers Tips for Getting a Handle on Public Debt

Countries battling high public debt must combine policies that support economic growth with lasting changes in government spending and taxation, a new study by the International Monetary Fund (IMF) concludes. A chapter in the IMF’s World Economic Outlook notes that public debt has surpassed 100 percent of GDP in Japan, the United States, and several European countries in recent […]

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Does Economic Growth Make You Happy?

Adair Turner is the jewel in the crown of British public servants. He is one of a tiny minority in public life today capable of thinking and acting at the highest level. Economics after the Crisis, based on three lectures he delivered at the London School of Economics in 2010, is a thinking person’s delight, not […]

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