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October 24, 2007

China
6% of Bear Stearns a day

6% of Bear Stearns a day.  That is basically what the US has to sell to China to finance its current account deficit right now.    Not 6% of Bear ($1 billion) every business day.  6% of Bear every si…

April 26, 2022

Democratic Republic of Congo
The EAC’s Challenges in Eastern Congo

The East African Community (EAC) wasted no time in wading into the complex and murky security issues bedeviling its newest member, the Democratic Republic of the Congo (DRC). The DRC, which is also a member of the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA), joined the East African block just weeks ago. Already, the EAC has issued a statement endorsing a largely undefined political process to address insecurity in the DRC and sketching out a plan to deploy a regional joint force to confront recalcitrant actors in Congo’s volatile eastern provinces.

Soldiers wearing camouflage and blue helmets are seeing in front of a white tank. In the background, civilians gather in front of a small house.

March 1, 2023

Economics
The World Bank Stepped Up During the Pandemic

The World Bank (and the IMF) should get credit for increasing their lending to the world's poorest countries during the pandemic. But without additional action, net flows to developing economies will…

The World Bank Stepped Up During the Pandemic

November 6, 2013

Democratic Republic of Congo
Rebels Surrender in Eastern Congo

For as long as a generation, parts of the eastern Congo have been hell on earth. The depredations of war lords, militias, and even the Congolese army itself, in a context of the breakdown of governme…

Africa - M23 Surrender

July 15, 2011

Budget, Debt, and Deficits
Friday File: Debt, Default, and Denial

Republican Congressional leaders talk to reporters at the White House in January, 2009. (Kevin Lamarque/courtesy Reuters) Above the Fold. Speaker of the House John Boehner and Senate Minority Leader…

Republican Congressional leaders talk to reporters at the White House in Washington. (Kevin Lamarque/courtesy Reuters)