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February 27, 2020

Elections and Voting
Mobilizing the National Guard to Secure U.S. Elections

States are increasingly relying on the National Guard to provide cybersecurity in elections. As the 2020 election approaches, they will need to decide how to best fund and deploy their forces to prot…

Members of the Arizona National Guard.

January 10, 2020

China
Cyber Week in Review: January 10, 2020

Trump administration pressed Dutch government to cancel sale of chip equipment to China; Congressional commission mulls new private sector reporting requirements; DHS warns of cyberattacks following …

Employees are seen working on the final assembly of ASML's TWINSCAN NXE:3400B semiconductor lithography tool with its panels removed

January 7, 2020

India
Global Cities in the World’s Largest Democracy

Over the past 25 years, two defining trends in foreign policy have gained momentum. The first, and most obvious, has been the gradual shift from the post-Cold War moment to an increasingly multipolar…

A laundry and high-rise buildings in Mumbai, India

October 9, 2019

Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank

Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…

fig 19

October 8, 2019

Taiwan
Could Taiwan’s Commercial Banks Cover the Lifers' Hedging Need? (Part 4)

Who is on the other side of the massive ($250 billion) hedging need of Taiwan's life insurance industry? The local banking system covers at most a quarter of the life insurers hedging need, and forei…

fig 3

October 4, 2019

Taiwan
Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 3)

This is the third post in a series* on Taiwan's life insurers and their private & sovereign FX hedging counterparties. It’s the product of a collaboration with S.T.W**, a market participant and frien…

Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 3)

September 4, 2019

Terrorism and Counterterrorism
Coastal West Africa Now Facing Islamist Extremist Threat

West Africa is facing a growing threat from Islamist extremist groups. Many of these groups originated in Mali but have since spilled over its borders, with jihadis establishing themselves in the north and east of Burkina Faso. The country has become a desirable haven for many groups because of the security vacuum that has defined the country following the deposition of longtime strongman Blaise Compaore.

Silhouetted palm trees and woman carrying merchandise on her head on beach at sunset, Gulf of Guinea, Lome, Togo, West Africa.

August 29, 2019

Cybersecurity
Cyber Crime in Outer Space: Houston, Do We Have a Problem?

Recent allegations of criminal wrongdoing by an astronaut on a computer network from space suggests that how U.S. law applies to citizens engaged in government, commercial, or non-governmental space …

NASA astronaut Anne McClain is seen during a spacewalk at the International Space Station in this social media photo on March 22, 2019.

August 22, 2019

Election 2020
Meet Michael Bennet, Democratic Presidential Candidate

Update: Michael Bennet announced on February 11, 2020, that he was ending his campaign for president. Prostate cancer is the second most common type of cancer among American men. One in nine Ameri…

Michael Bennet

October 30, 2007

Monetary Policy
Two coordination problems likely to arise inside Bretton woods 2

Last week, I argued that the emerging world’s governments have been provided the US with an enormous credit line – one large enough to prop the dollar up – even in the absence of any formal instituti…