North America

Op-Ed

How Fed Policy Roils Emerging Markets

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, shows that developing countries running large current account deficits have seen their economies whipsawed by volatile capital flows triggered by unconventional monetary policy at the Fed and elsewhere in the developed world. The clear lesson for such countries is that they should pursue policies which constitute "currency manipulation" in Washington, thereby setting the stage for rising global trade tensions.

See more in United States; Financial Markets; International Finance

Primary Sources

Open Letter to President Obama and Congress from U.S. Technology Companies

Several U.S. technology companies, Google, Facebook, Apple, Microsoft, Twitter, Yahoo, LinkedIn, and AOL, published an open letter to the government in newspapers on December 9, 2013. The letter requests an end bulk collection of user data, including email, address books, and video chats, and lists accountability and transparency principles the companies support.

See more in United States; Privacy; Organization of Government

Op-Ed

Conflict Avoidance

Author: Micah Zenko
ForeignPolicy.com

"Conflict prevention's placement as a policy goal deep within the National Security Strategy (NSS), and the lack of specificity about how this is pursued, says a lot about how the U.S. government thinks about preventing future wars," Micah Zenko writes. Heprovides a series of recommendations to address under-prioritization and under-development of conflict prevention in U.S. policies and strategies.

See more in United States; Conflict Prevention

Must Read

Rolling Stone: Snowden and Greenwald: The Men Who Leaked the Secrets

Author: Janet Reitman

"Snowden grew up in the shadow of the biggest intelligence-gathering organization in the world – the National Security Agency – in the Anne Arundel County community of Crofton, Maryland. A solidly middle-class, planned community of 27,000 that Money has ranked as one of the '100 Best Places to Live,' Crofton, like the towns around it, fed the workforce of the defense and intelligence contractors in the area. The NSA, which employs tens of thousands of people in the public and private sectors, was just 15 miles away, at Fort Meade, whose high school boasts a 'homeland-security program' to funnel kids into the industry."

See more in United States; Defense and Security