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.
As President Obama prepares for his 2015 State of the Union, Stephen Sestanovich looks back at last year’s address to Congress. He argues that the president will need to explain why his policies have changed on Syria, Iran, and trade promotion.
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.
In this excerpt from his CFR Working Paper The Pivot in Southeast Asia: Balancing Interests and Values, Joshua Kurlantzick analyzes the Obama administration's Southeast Asia policy, and assesses how it has gone wrong.
John Bellinger argues that President Obama’s categorical dismissal of Guantanamo as a “facility that should have never been opened” needlessly politicizes the issue, alienating the congressional Republicans whose support he will need to close it. President Obama should use his State of the Union address the most compelling reason for Guantanamo’s closure: that its existence has now become a recruiting tool for terrorists around the world.
The United States once had the world’s most efficient market for matching willing workers with available jobs. As recently as 2000, scarcely one-in-ten unemployed workers had been out of a job for more than six months, compared with more than half of unemployed workers in the major European nations.
While the supreme leader of Iran Ayatollah Ali Khamenei remains Iran’s most consequential decision-maker, many of Iran’s most popular yet purged opposition leaders have decried the nuclear program as not economically beneficial, writes CFR’s Ray Takeyh. Given that these reformers could win open and free elections, it is important to pay close attention to their arguments.
The U.S. has 9/11. Spain has 11-M (the March 11, 2004, bombings of the Madrid commuter trains which killed 191). Britain has 7/7 (a reference to the July 7, 2005 bombings which killed 52 people taking public transportation in London). And now, on a slightly smaller but still horrific scale, France has 1/7: the assault by three masked gunmen on the offices of the satirical newspaper Charlie Hebdo in Paris, which left 12 people dead.
Ed Husain comments on the attack on Charlie Hebdo employees in Paris, France, arguing that “Islam and Muslims are secure in the west because of freedom of speech, conscience, press and religion. To attack those freedoms is to attack Islam’s existence.”
With Jeb Bush andMike Huckabee about to enter the 2016 presidential race, I’m reminded of a friend’s joking prediction that next time around the American people may be looking for Richard Nixon. He meant that after a fling with more interesting leaders, the voters could decide on someone seasoned, predictable, and reliable–even someone they don’t feel too good about. That was Nixon in 1968–a political figure long out of office, associated with a distant administration, his career seemingly over but able to make a comeback in hard times.
Rates of heart disease, cancer, diabetes, and other noncommunicable diseases (NCDs) in low- and middle-income countries are increasing faster than in wealthier countries. The Independent Task Force outlines a plan for collective action on this growing epidemic.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »
Now Available: Foreign Policy Begins at Home
The biggest threat to America's security and prosperity comes not from abroad but from within, writes CFR President Richard N. Haass in his provocative new book. More