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May 7, 2015

Wars and Conflict
TWE Remembers: The Sinking of the Lusitania

Asking “what if” is a popular parlor game. Seldom, however, do we ever get an answer, and certainly not almost immediately. King George V of Britain is a rare exception. On the morning of May 7, 1915…

Lusitania-Sinks

January 30, 2008

China
The myth that China’s reliance on exports for growth is a myth

The attached graph -- used with permission -- comes from an excellent November 12 paper by Goldman Sachs’ Hong Liang. It shows quite clearly that the recent surge in Chinese growth hasn’t come from …

hong_liang_1.jpg

October 22, 2012

China
Review: ’From the Ruins of Empire: The Intellectuals Who Remade Asia’ by Pankaj Mishra

As Western economies continue to struggle, while China and many other large developing nations are now being looked to as potential saviors of indebted European nations, the idea that the twenty-firs…

(L-R) Brazil's president Dilma Rousseff, Russia's president Vladimir Putin, India's prime minister Manmohan Singh, China's president Hu Jintao and South African president Jacob Zuma pose for a picture after a BRICS leaders' meeting in Los Cabos June 18, 2012.

May 15, 2013

Immigration and Migration
Managing Illegal Immigration to the United States

As Senate immigration negotiations continue, the Council on Foreign Relations has just released a report on the effectiveness of U.S. immigration enforcement. The authors, Bryan Roberts (a senior eco…

Managing immigration - LAM

January 23, 2008

China
The PBoC’s dilemmas

Whatever troubles the Fed faces, at least it is still profitable. The same cannot be said for China’s central bank. And while the Fed just has to worry about economic conditions in the US, the Pe…