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Foreign Affairs Media Call With Ivo H. Daalder and James. G. Stavridis

Speakers: Justin Vogt, Ivo H. Daalder, and Adm. James Stavridis

Foreign policy experts, Justin Vogt, deputy editor of Foreign Affairs, Ivo Daalder, president of the Chicago Council on Global Affairs, and Admiral James Stavridis, dean of Tuft University's Fletcher School discuss military defense and NATOs role in the present and future territorial and political situation of Ukraine-Russia regarding the territory of Crimea.

See more in Ukraine; Politics and Strategy

Primary Sources

IMF World Economic Outlook

The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.

See more in International Finance; Global Future Trends; Global

Must Read

WSJ: How a Giant Kazakh Oil Project Went Awry

Authors: Selina Williams, Geraldine Amiel, and Justin Scheck

"To replace what they pump, oil companies need to collaborate with state-owned companies that control 90% of the globe's remaining oil reserves, by a World Bank estimate. But governments often give foreign oil companies access only to the hardest-to-develop acreage. Kashagan's large-scale stumble shows how collaborations in these difficult fields can go sour for both sides."

See more in Kazakhstan; Oil

Must Read

NYT: The Wolf Hunters of Wall Street

Author: Michael Lewis

"Katsuyama and his team did measure how much more cheaply they bought stock when they removed the ability of some other unknown trader to front-run them. For instance, they bought 10 million shares of Citigroup, then trading at roughly $4 per share, and saved $29,000 — or less than 0.1 percent of the total price… It sounded small until you realized that the average daily volume in the U.S. stock market was $225 billion. The same tax rate applied to that sum came to nearly $160 million a day."

See more in North America; Banks and Banking

Op-Ed

What Europe Can Learn From the U.S. Bank Crisis

Authors: Benn Steil and Dinah Walker
Wall Street Journal

Benn Steil's latest op-ed in the Wall Street Journal, co-authored with Dinah Walker, explains why the ECB's anticipated foray into more aggressive monetary stimulus next week won't have any significant effect on the availability and cost of private-sector credit. The ECB believes that its ongoing bank stress tests will help revive the eurozone's moribund banking industry, but we argue that the tests are counterproductive without a mechanism in place to assure sufficient recapitalization of banks that fall short—as there was in the United States in 2009.

See more in Europe; Banks and Banking