There is a growing sense that the G-7 no longer is the right grouping for discussing today’s major international macroeconomic issues. It is hard to see, for example, how you can discuss "global reb…

Act one: Tsunami. A few well-timed comments on stinginess produced an outpouring of aid.Act two: The UK plans a "development" G-8 summit. The summit won’t happen for a while, but the real negotiati…

I suspect Warren Buffet would agree with Bill Gross.There is one easy way to make it easier for the US to deal with its own aging population: Stop promising so much of our future income to support th…

Dan Drezner has an interesting post up, laying out the components of a "serious" approach to encouraging (or pressuring) China to change its exchange rate peg. He nicely lays out the options, thoug…

The most profitable sector of the Chinese economy, according to data from UBS. Mining. It is not even close. I presume that includes mining for oil. Remember that. I will return to it in a bit.A…