"Much attention has been lavished on the speculators who reaped huge paydays betting against the subprime mortgages that stoked the financial crisis. Doomsayers like the hedge fund manager John Paulson and the cast of characters in "The Big Short," the Michael Lewis book, saw calamity coming, and their contrarian bets delivered when the housing market collapsed.
But what about the big long? During the dark days of late 2008, while other investors dumped their holdings or sat paralyzed on the sidelines, who decided that it was time to put money on the line? Who bought low and then sold high?"
Matthew Waxman argues that debates about constitutional war powers neglect the critical role of threats of war or force in U.S. foreign policy. The recent Syria case highlights the President's vast legal power to threaten military force as well as the political constraints imposed by Congress on such threats. Incorporating threats into an understanding of constitutional powers over war and peace upends traditional arguments about presidential flexibility and congressional checks—arguments that have failed to keep pace with changes in U.S. grand strategy.
"The story of Bush's eight-year pas de deux with the master of the Kremlin, reconstructed through interviews with key players and secret notes and memos, offers lessons for President Obama as he struggles to define his own approach to Putin and shape the future of the two nuclear powers."
"There remain distinctly different approaches to 'finding, fixing and finishing' terrorist targets. The two organizations also use different approaches to producing the 'intelligence feeds' upon which drone operations rely. Perhaps more importantly, after years of conducting drone strikes, the CIA has developed an expertise and a taste for them. The DOD's appetite to take over that mission may not run very deep."
"From thousands of classified documents, the National Security Agency emerges as an electronic omnivore of staggering capabilities, eavesdropping and hacking its way around the world to strip governments and other targets of their secrets, all the while enforcing the utmost secrecy about its own operations."
Department of Defense released their Arctic Strategy in November 2013, following the National Arctic Strategy released by the White House in May 2013. The strategy analyzes the security environment in the region.
President Obama gave this executive order on November 1, 2013. The order establishes the Council on Climate Preparedness and Resilience, outlines coordination between federal and state planning, and requests a review of policies related to protecting natural and environmental resources.
President Obama gave these remarks at SelectUSA Investment Summit in Washington, DC on October 31, 2013. He announced the first federal initiative to attract foreign direct investment (FDI) in United States companies; the Department of Commerce and Council of Economic Advisors released a report on the drivers and benefits of FDI in the United States.
Ted Koppel reflects on his career and the changing nature of journalism and social media.
The Home Box Office History Makers Series focuses particular attention on the contributions made by a prominent individual at a critical juncture in international relations. Recent speakers in the series include Mo Ibrahim, Paul Volcker, Madeleine Albright, and Stanley McChrystal.
"In the last three to four decades, government and business have been part of a far-reaching economic transformation, made possible by remarkable advances in information, communication and transport technologies. The proliferation of internationally joined-up production arrangements – that is, global supply chains – has changed our economic and political landscape in fundamental ways."
"While drones have attracted considerable attention, we know little about how effective they are as tools of punishment and deterrence. In particular, it is not clear how, if at all, drones differ from other technologies of violence, what experience with broadly similar technologies in past conflicts suggests will be the likely consequences of drone strikes, and what systematic analysis of the available evidence suggests about the effects of the drone campaigns. This monograph seeks to address these open questions."
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
2011 Corporate Conference: Recaps and Highlights
To encourage the free flow of conversation, the 2011 Corporate Conference was entirely not-for-attribution; however, several conference speakers joined us for sideline interviews further exploring their areas of expertise.
Former Treasury secretary Robert E. Rubin and Nobel Laureate economist Michael Spence on the global economic outlook.
Foreign Affairs editor Gideon Rose and Edward Morse on energy geopolitics.