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December 29, 2004

United States
Look who is supporting the mortgage market …

No Surprise: the People’s Bank of China. The PBOC has shifted from buying treasuries (03) to buying mortgage backed securities (04).From Reuters: "Make no bones about it, mortgages really went globa…

April 29, 2005

Emerging Markets
China Trip Report

Nouriel and I put pen to paper and laid out our take on China. Our paper reflects on the trip we took there last month, along with the reading we did to prepare for the trip. There is nothing new her…

January 3, 2008

Politics and Government
Are Americans still Anglo-Saxons?

So asks Arthur Goldhammer, who somehow manages to find time to track the latest US polling data as well as Nicholas Sarkozy’s latest romance and the latest French debate on the euro’s global role. …

February 21, 2011

TWE Celebrates Presidents’ Day Because It Is the Day of Presidents

President George W. Bush meets with former Presidents and President-elect Obama in the Oval Office of the White House in Washington, January 2009. (Kevin Lamarque/courtesy Reuters) Being president o…

 U.S. President George W. Bush meets with former Presidents and President-elect Obama in the Oval Office of the White House in Washington, January 2009.

February 25, 2011

Diplomacy and International Institutions
TWE Remembers: John Foster Dulles

Every day thousands of people fly into and out of Washington’s Dulles International Airport. Few of them think about the man for whom the airport is named, John Foster Dulles. He was born on this day…


February 9, 2011

Politics and Government
TWE Remembers: Joseph McCarthy’s Wheeling Speech

Sixty-one years ago tonight Sen. Joseph McCarthy gave the speech to the Republican Women’s Club of Wheeling, West Virginia that ushered in the ugly era of McCarthyism. McCarthy was beginning his f…

Senate Resolution 301: Censure of Senator Joseph McCarthy.

January 10, 2011

United States
TWE Remembers: The Ludlow Amendment

American history is rife with examples of bad policy ideas capturing the public imagination. Prohibition is the poster child for this malady. Today marks the anniversary of a House vote on one hare-b…

Rep. Louis Ludlow

January 12, 2011

Defense and Security
TWE Remembers: Congress’s Vote to Authorize the Gulf War

  On this day in 1991, Congress voted to authorize President George H.W. Bush to use military force against Iraq to end the Iraqi occupation of Kuwait. The House vote was 250 to 183. The Senat…

George H.W. Bush in Kuwait

March 31, 2011

Politics and Government
Is Operation Odyssey Dawn Constitutional? Part III

  Yesterday I noted that many legal scholars believe that while the text of the Constitution may not have given presidents an independent war-making authority, they have acquired that through two …

Part III

May 6, 2011

Immigration and Migration
TWE Remembers: The Chinese Exclusion Act of 1882

Immigration is a hot topic in America. That’s nothing new. We are a nation of immigrants that has been arguing for more than a century over who should be the next group to be allowed into the country…

The Chinese Exclusion Act