Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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January 24, 2008
Financial Markets
Property without power?
Diplomatic sovereign wealth funds argue, more or less, that they have no desire for power - so there should be no restrictions on their ability to accumulate property. Those hoping for a cut of the S…
February 8, 2005
Chairman Greenspan: Do Not Worry, Be Happy
The Chairman gave policy makers a green light not to worry about the US current account deficit: the dollar’s existing fall will lead the deficit to turn around. The Chairman’s remarks also seem to …
April 5, 2009
Sign of strength or evidence of weakness? China’s dollar reserves
On Friday, Paul Krugman interpreted China’s call for a new reserve currency as a sign of weakness: “But Mr. Zhou’s speech was actually an admission of weakness. In effect, he was saying that China …
April 13, 2007
China
China. On track to add $500b to its reserves in 2007, heading toward $2 trillion fast …
Please allow me a bit of latitude. China won’t add $500b to its reserves in 2007 for the simple reason that the central bank will sell some of its reserves to the state investment company. Moreover…