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February 12, 2007

Monetary Policy
Carry, carry, carry …

The debate over the size of the yen financed carry trade is far from settled.   Former (“The Yen carry trade is on in such huge size”) and current traders (“real money investors ain't short yen a…

September 18, 2018

United States
The United States Air Force Celebrates Its 71st Birthday Today

The United States Air Force (USAF) turns 71 years-old today. On September 18, 1947, Chief Justice Fred Vinson swore in Stuart Symington as the first secretary of the air force, officially founding a …

Air Force Birthday 2018

September 13, 2018

Sub-Saharan Africa
The Risks of Reducing U.S. Special Operations in Africa

The Pentagon plans to withdraw its special operations forces in Africa, but major cutbacks could threaten recent efforts to counter terrorism threats across the region.

Chadian soldiers take a break during Operation Flintlock, U.S.-led military exercises, in Diffa, Niger.

September 11, 2018

Niger
The Presence of Lethal U.S. Drones in Niger is Expanding

The CIA is expanding its presence at a recently established drone base at Dirkou, Niger, an oasis town in the Sahara that has a small airport.

Reaper-Drone-U.S.-MIlitary

September 13, 2018

Turkey
Could A Coalition of the “Friends of Turkey” Ride to Turkey’s Financial Rescue?

Turkey is in a bit of financial trouble. It isn’t clear that today's rate hike on its own will be enough. The rate hike will make the lira a bit more attractive to foreign investors (and will raise t…

Could A Coalition of the “Friends of Turkey” Ride to Turkey’s Financial Rescue?

August 31, 2018

Rohingya
Global Conflict This Week: UN Fact-Finding Mission Releases Myanmar Report

Developments in conflicts across the world that you might have missed this week.

UN Fact-Finding Mission Myanmar

August 24, 2018

Cybersecurity
Cyber Week in Review: August 24, 2018

This week: Australia bans Huawei and ZTE on 5G, a fight over access to Facebook Messenger communications, Russian telcos want money, phishers gonna phish, and Iranian information operations.

Huawei

August 21, 2018

Women and Women's Rights
Kofi Annan, Champion for Women’s Rights

Kofi Annan—the seventh secretary-general of the UN—passed away last week. He should be remembered not only for his work to fight poverty and promote economic development, but also his efforts to impl…

Kofi Annan at the United Nations in Geneva on July 20, 2012.

August 20, 2018

Turkey
Framing Turkey’s Financial Vulnerabilites: Some Rhymes with the Asian Crisis, but Not a Repeat

Turkey has some similarities with the Asian crisis countries back in the 1990s, but also important differences. When emerging-market crisis typologies are updated to reflect the events of 2018, Turke…

Framing Turkey’s Financial Vulnerabilites: Some Rhymes with the Asian Crisis, but Not a Repeat

August 17, 2018

Turkey
We wanted Turkey to be a partner. It was never going to work.

This article was originally published here in The Washington Post on August 17, 2018. In July, a deal to release an American minister jailed in Turkey came apart because, a White House official to…

President Trump and Recep Tayyip Erdogan