Council on Foreign Relations President Richard N. Haass writes that John Kerry has only one chance to make a first impression on his first trip abroad as secretary of state, and what is said and not said on this visit will have repercussions for years to come.
Peter Orszag argues that reforming medical malpractice law to include "safe harbors" that protect doctors who follow evidence-based medical guidelines could bring down health-care costs without reducing the quality of care.
Benn Steil's Wall Street Journal op-ed explains the unique historical circumstances in which the Bretton Woods international monetary system emerged in 1944, and why calls for "a new Bretton Woods" today will go unsatisfied.
With this new American energy renaissance, Meghan L. O'Sullivan says, "The United States needs to rethink its grand strategy; strength in the energy domain can be a major driver of U.S. influence in a world in which American power is more diffuse."
Peter Orszag finds good news about health care costs in the latest budgetary and economic projections released by the CBO, but he cautions that the outlook for unemployment and federal spending is still gloomy.
France says it will withdraw from Mali once an African peacekeeping force is in place. To keep Islamists at bay, the United States is considering increasing its military presence in the region. A better approach is to focus on fixing the governance issues that fuel radicalism to begin with, says John Campbell.
Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.
Because a financial crisis can inflict lasting damage to productivity growth, Peter Orszag argues that the failure of U.S. policymakers to enact a "barbell" fiscal policy now could yield more economic troubles down the road.
In the nuclear dispute between Iran and the United States, a grand bargain is unlikely given the level of mistrust between the two parties. What's more realistic is a modest compromise that breaches the wall of mistrust and potentially sets the stage for further-reaching arms control measures, says Ray Takeyh.