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November 17, 2015

China
Africa’s Middle Class

According to a recent Credit Suisse report, the African middle class is almost seventeen times smaller than had been previously thought. For at least a decade it has been conventional wisdom among in…

Africa's Middle Class

February 6, 2018

Energy and Climate Policy
Is Natural Gas the Transition Fuel for Hydrogen?

This post is co-written by Joan Ogden, professor of environmental science and policy at UC Davis and director of the Sustainable Transportation Energy Pathways (STEPS) program at the campus’ Institut…

A prototype hydrogen powered fuel cell semi-truck is shown by Toyota at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017.

February 27, 2019

Energy and Environment
“Perceptions” about Oil or Demand Realities?

Amin Nasser, Chief Executive Officer of Saudi Aramco, whose shareholder is a sovereign nation, weighed in this week with a warning against U.S. and European activist shareholders who are making deman…

The chief executive of Saudi Aramco, Amin Nasser, speaks during an interview with Reuters in Dhahran, Saudi Arabia, December 13, 2017

August 18, 2016

United States
The Absence of Foreign Demand for Treasuries in the TIC data Is a Bit Misleading

A common explanation for low Treasury yields is that low rates outside the United States have piled into the U.S. market, as investors in Europe, Japan and elsewhere look to the United States for a r…

long-term-tic-bond-flows

December 27, 2011

Military Operations
Predicting Future War: What H.G. Wells Got Right and Wrong

H.G. Wells in 1908. Predicting the conduct of future wars is an impossible, yet time-consuming endeavor of the U.S. government. Among the official documents that are produced in an effort to guess t…

H.G. Wells in 1980.