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Op-Ed

Legal Posturing and Power Relations in the South China Sea

Author: Matthew C. Waxman
The Asia Maritime Transparency Initiative

The Philippines took China to international court in 2013 in order to challenge China’s assertion of vast maritime claims over the South China Sea. Matthew Waxman discusses why using international legal institutions in this way serves as a poor replacement for diplomacy and instead adds to both its complexity and set of instruments.

See more in China; Philippines; International Law

Transcript

Renewing America Series: Risks and Priorities in Public Pension Plans

Speakers: Bradley D. Belt, Janet Cowell, and Scott Stringer
Presider: Glenn Hubbard

Experts discuss the challenges of fulfilling pension obligations in the United States and how these liabilities will affect economic growth and stability.

The Renewing America series examines how policies at home directly influence the economic and military strength of the United States and its ability to act in the world.

See more in United States; Budget, Debt, and Deficits

Op-Ed

Obama Should Push to Give Workers a Stake

Author: Peter R. Orszag
Bloomberg View

Here's a good idea that I'd like to see prominent in President Barack Obama's State of the Union speech tonight: shared capitalism. That is, stock-ownership plans or simple profit-sharing schemes for corporate employees. These plans have been shown to effectively align workers' incentives with those of the company's equity owners, but they have not received much attention lately.

See more in United States; Presidents and Chiefs of State

Primary Sources

President Obama: State of the Union Address

The State of the Union is a speech given annually by the president to Congress, in which the president outlines the current condition of the United States and national priorities for the coming year, based on the U.S. Constitution, Article Two, Section Three. President Obama has delivered his State of the Union Address speeches on January 27, 2010, January 25, 2011, January 24, 2012, February 12, 2013, January 28, 2014, and January 20, 2015.

See more in United States; Grand Strategy

Op-Ed

Somalia: The Next Oil Superpower?

Author: Alexander Dick-Godfrey
National Interest Online

Last month, Soma Oil and Gas, a London based energy company, searching for hydrocarbon deposits off the coast of Somalia, announced that it had completed a seismic survey to ascertain the potential for recoverable oil and gas deposits. Although further details have yet to be released, chief executive Rob Sheppard announced that the results were encouraging. However, Somalia, and potential investors, should proceed with caution when considering entering this frontier market.

See more in Somalia; Oil