There is a growing sense that the G-7 no longer is the right grouping for discussing today’s major international macroeconomic issues. It is hard to see, for example, how you can discuss "global reb…

Please pick Kassebaum-Baker rather than Brownback. Kassebaum is sort of like the Christine Todd Whitman of Kansas politics; Brownback is more the Rick Santorum. I suspect that Brownback won’t get t…

Paul Wolfowitz looks to be heading toward the Presidency of the World Bank. He probably was not the first choice of anyone outside the US, not even the UK. But no one seems to see much of an upside…

With one euro now selling for $1.45-1.50, German auto makers seem to be having truoble making money -- or at least as much money as they would like -- producing cars in Germany (or Eastern Europe) fo…