Benn Steil’s June 24 op-ed on the PBS NewsHour Making$ense site, co-authored with Emma Smith, shows the strong relationship between consumer confidence and presidential elections going back to 1952. Current readings suggest an 80% chance of a Clinton victory, but the Brexit aftermath threatens to knock that down significantly.
Republican Party’s Presumptive Nominee for President Donald Trump stated that he would consider ending the U.S. commitment to Japan’s defense and encouraging it to develop its own nuclear arsenal. Sheila A. Smith, senior fellow for Japan studies, argues that such an act would not only be a nightmare scenario for Japan, but would profoundly alter the strategic dynamics that have maintained peace in the Asia-Pacific for generations
How should Republicans who are aghast at the forthcoming nomination of Donald Trump react, now and after the convention? There are valuable lessons from 1972, when “Jackson Democrats” and others in the Democratic Party had to deal with the McGovern nomination.
It’s hard to decide what is the most disturbing part of Donald Trump’s candidacy. His racism, sexism and nativism? His crudity, boastfulness and boorishness? His incessant flip-flopping? His threats against critics and incitement of violence against demonstrators?
I have been a Republican as long as I can remember. Joining the Grand Old Party seemed like a natural choice for someone like me who fled the Soviet Union as a boy and came to Los Angeles with his mother and grandmother in 1976. Refugees from communism, whether from Russia or Cuba, generally oppose socialism and embrace conservative political views.
Foreign policy issues regularly come to the fore at the national political conventions, especially during periods of global instability. Sometimes the events are marked by bitter disagreements within the parties, explains this Backgrounder.
The more vulnerable Kim Jong Un feels atop a weakening North Korea, the more he seeks a silver bullet to ensure the regime's long-term survival. On May 6, Kim may enjoy a Korean Worker's Party conference that will celebrate his achievements and consolidate his rule. He may even think that his nuclear deterrent has bought time and saved money that can be used to improve North Korea's economy. But the regime's own systemic need to generate instability as a primary means of exerting domestic political control guarantees that the young leader will never have enough nuclear weapons to achieve absolute security, writes Scott Snyder, senior fellow for Korea studies and director of the program on U.S.-Korea policy at the Council on Foreign Relations (CFR).
When U.S. presidential candidate Donald Trump mused about the possibility of Japan, South Korea and Saudi Arabia developing their own nuclear weapons, it was probably not his intention to highlight the success of the nuclear nonproliferation regime or the policy of President Barack Obama's administration.
Benn Steil’s op-ed in the March 30 edition of the Wall Street Journal, co-authored with Emma Smith, looks at presidential campaign charges that China is engaged in “currency manipulation” to boost net exports. They show that the aims of China’s pegged exchange rate regime have varied over the past two decades, and have not always been mercantilist. In recent months, with capital flowing out of China at a prodigious rate, its interventions have been to keep its currency up—not down. Launching a trade war with China over currency management, as Donald Trump and Bernie Sanders intend, would therefore be nonsensical—as well as damaging to U.S. interests.
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