More Money Than God: Hedge Funds and the Making of a New Elite

More Money Than God: Hedge Funds and the Making of a New Elite

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Financial Markets

Economic Crises

CFR's Sebastian Mallaby argues that hedge funds are an important part of the global economy because they help regulate markets, but are small enough to fail.

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Russia

A quarter-century after the end of the Cold War, we unexpectedly find ourselves in a second one. The United States and its partners have a large stake in greater Russian restraint while Vladimir Putin remains in power—and in a Russia characterized by other than Putinism after he is gone.

China

Food and Water Security

A historic dry spell has severely affected Cape Town's water supply, and global climate patterns suggest that other cities may face the same fate.