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November 3, 2017

Nonproliferation, Arms Control, and Disarmament
OSCE Taking Stock of the Treaty on Open Skies

A little-known treaty provides transparency for confirming arms control agreements and serves as an important measure of the health of the U.S.-Russia relationship.

May 18, 2018

Women and Women's Rights
U.N. Secretary general Antonio Guterres listens to women leaders in Kenya. Women This Week: Parity at the UN

Welcome to “Women Around the World: This Week,” a series that highlights noteworthy news related to women and U.S. foreign policy. This week’s post, covering May 12 to May 18, was compiled with suppo…

June 21, 2017

Europe
Where Does Italy’s Bank Recapitalization Stand?

Italy is making real progress now. But completing the recapitalization of Monte and the restructuring of the two Veneto banks may not be quite enough.

December 28, 2017

United States
Kohl 1989 Ten World Figures Who Died in 2017

I wrote yesterday about ten Americans who died in 2017 who helped shape U.S. foreign policy during their lifetimes. But Americans are not the only ones who influence world affairs. Below are ten worl…

May 31, 2017

China
China pays more than other similarly-ranked countries on its government debt Downgraded China Doth Protest Too Much

Moody’s recently downgraded China’s credit rating from Aa3 to A1, on expectations that the country’s debt stock—already over 250 percent of GDP—will rise further with slowing potential growth. Chines…

April 27, 2017

China
China's NPLs have risen PBoC Spins China’s Bad-Loan Data

In a recent speech at Bloomberg’s headquarters in New York, People’s Bank of China Deputy Governor Yi Gang reassured his audience on the level of non-performing loans (NPLs) in the Chinese banking se…

April 6, 2017

China
RMB Globalization, Once "Unstoppable," Heads Into Reverse RMB Globalization, Once "Unstoppable," Heads Into Reverse

    “The globalisation of the [Chinese RMB] seems remorseless and unstoppable,” the Economist pronounced in April 2014.  A year later, a research-grant foundation asked me (Benn) to review …

November 21, 2017

United States
Westmoreland TWE Remembers: General Westmoreland Says the “End Begins to Come Into View” in Vietnam

Never overpromise and under deliver. General William Westmoreland should have followed that advice when he addressed the National Press Club fifty years ago today. Instead, the commanding general of …

March 1, 2017

European Union
Trump’s NATO Spending Demands Will Spur an EU Deficit Battle Trump’s NATO Spending Demands Will Spur an EU Deficit Battle

    President Trump and Defense Secretary Mattis are putting unprecedented pressure on European NATO members to boost military spending, threatening to reduce America’s support for the alli…

February 7, 2017

Monetary Policy
Why Does the Fed Keep Lowering Its Unemployment Threshold? Why Does the Fed Keep Lowering Its Unemployment Threshold?

For years, Fed watchers have been getting antsy as unemployment falls toward NAIRU—the Fed’s estimate of the bound below which inflation rises.  But as shown in the graphic above, each time unempl…