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Article

Puerto Rico Debt Legislation Provides Fiscal Oversight Without Overreaching

Author: Brad W. Setser
The Hill

The core of any deal to address Puerto Rico’s imminent debt default long has been clear:  strong fiscal oversight, paired with powerful tools to facilitate a necessary debt restructuring.     But oversight should not overreach, and the new restructuring tools should respect the differences created by existing contracts.   The legislation (PROMESA) that emerged from the House achieves the needed balance; it needs to pass the Senate quickly.

See more in Puerto Rico; Budget, Debt, and Deficits

Article

The Reality Anti-Muslim Rhetoric Ignores

Author: Gayle Tzemach Lemmon
cnn.com

In the wake of the horror in Orlando, discussion has once again focused on the idea of placing a 'ban' on all Muslims entering the United States. The idea is to keep Muslims out of America and to go further by banning all entrants from countries with a "proven history of terrorism" against this country.

See more in United States; Religion

Article

Will Brexit Affect U.S. Consumer Confidence? The Outcome May Determine Our Next President

Authors: Benn Steil and Emma Smith
PBS NewsHour

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.

See more in United States; United Kingdom; Elections; International Organizations and Alliances

Article

Britain’s Awful Vote May Be a Tipping Point

Author: Sebastian Mallaby
Washington Post

The British vote to leave the European Union may come to be seen as a tipping point in global politics, perhaps more consequential than anything since the fall of the Berlin Wall. It may mark the moment when Europe comes face to face with its own constitutional dysfunction, when the idea of the “West” finally ceases to be plausible and when the United States is confirmed in its sense that its interests lie more in Asia than in its traditional Atlantic sphere of influence.

See more in United Kingdom; Treaties and Agreements

Foreign Affairs Article

Ministering Justice

Author: Ayelet Shaked

Ayelet Shaked is a relative new­comer to Israeli politics. Shaked, 40, served as Benjamin Netanyahu’s office manager before breaking with the prime minister and joining Naftali Bennett’s Jewish Home party in 2012 and then winning election to the Knesset in 2013. Following the 2015 election, Shaked was named Israel’s minister of justice. 

See more in Israel; Rule of Law

Foreign Affairs Article

Anger and Hope

Author: Tzipi Livni

Tzipi Livni has been called the most powerful woman in Israel since Golda Meir. Born to a prominent right-wing family, Livni spent several years working for the Mossad, Israel’s foreign intelligence service, before entering politics.

See more in Israel; Politics and Strategy

Foreign Affairs Article

Israel Among the Nations

Author: Robert Danin

In 1996, Ehud Barak, who was then Israel’s foreign minister and would later serve as prime minister, charac­terized Israel as “a modern and prosperous villa in the middle of the jungle.” Twenty years later, as political turmoil and vio­lence engulf the Middle East, that harsh metaphor captures better than ever the way most Israelis see their country and its place in the region. 

See more in Israel; Society and Culture

Foreign Affairs Article

Israel’s Second-Class Citizens

Author: As'ad Ghanem

When the world focuses on the Arab-Israeli crisis today, the plight of the 4.6 million Palestinians living in the Gaza Strip and the West Bank gets most of the attention. But another pressing question haunts Israeli politics: the status and future of Israel’s own Arab citizens, who number around 1.7 million and make up around 21 percent of its popu­lation. 

See more in Israel; Society and Culture