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October 14, 2002

Hearing on U.S. Policy in the Andean Region

U.S. Senate Caucus on International Narcotics Control Washington, D.C. September 17, 2002 This transcript has not been edited. WITNESSES: RICHARD L. ARMITAGE, Deputy Secretary of Sta…

December 15, 2003

Remarks by Senator Hillary Rodham Clinton

Speaker: Hillary Clinton, Member, U.S. Senate (D-NY)Presider: Richard Haass, President, Council on Foreign RelationsCouncil on Foreign RelationsDecember 15, 2003New York, NYSENATOR CLINTON: Thank yo…

November 8, 2004

Behind the Scenes of a Tumultuous Relationship: The United States and Iran

New York, N.Y. SUZANNE MALONEY: Before we begin, I'd like to remind you that today's session will be considered on the record. I'd also like to ask you to please turn off your cell phones or sile…

November 20, 2004

United States
Large Players in Large Markets

One of the world’s ironies is that even as John Snow putters on about how currency values should be set by market forces, the market -- or at least the private market -- is now playing a comparativel…

January 18, 2005

Financial Markets
The November TIC data: Matching debtor and creditor side data

The November TIC data has been out since this morning. The TIC data provides information about the most important way the US is financing its ongoing current account deficit: selling long-term secu…

November 6, 2004

Will Japan be able to stay on the sidelines for long?

Some facts: 1) In 2003, Japan increased its reserves by $200 billion, emerging Asia by $245 billion. The world as whole increased its reserves by $500 billion, so Asia accounted for most of the worl…

December 11, 2004

United States
Data releases next week

I am going to be away from my desk next week, and don’t expect to be posting much -- at least not until next Friday. I’ll miss three key data releases:The October trade data on Tuesday.The October T…

November 18, 2004

Is it the currency of John Snow and the problem of everyone else?

That headline draws on a nice quote from Steve Barrow of Bear Stearns. It paraphrases the famous saying about the dollar -- I think from Nixon’s Treasury Secretary John Connally -- "it is our curren…

January 13, 2006

United States
image On the origins of dark matter

Stephen "Current accounts almost always don't matter" Jen is intrigued by Ricardo Hausmann and Fredrico Struzenegger's discovery of dark matter.   Lots of others are too.   Michael Mandel for…

May 7, 2006

United States
image002 Searching for the origins of dark matter

Hausmann and Sturzenegger, if nothing else, have spurred a lot of work with a catchy title and a bit of clever accounting. We now know that:Dark matter stems more from low (reported) returns on forei…