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May 18, 2012

United States
You Might Have Missed: Yemen and Drone Wars

Iona Craig, "Toll Climbs in Yemen’s Fight Against al-Qaeda," USA Today, May 18, 2012. Julian E. Barnes, "U.S. Rethinks Secrecy on Drone Program," Wall Street Journal, May 17, 2012. The policy chang…

Yemen protester

September 23, 2008

Financial Markets
Sharing upside and downside risk ...

Sovereign wealth funds have invested about $35b in US financial institutions. Adding in Qatar’s investment in Barclays and Singapore’s investment (through the GIC) in UBS brings the total up sover…

March 2, 2008

Financial Markets
Worth less, not worthless

I am glad Mr. Buffet clarified that. Project out last weeks trends for very long and there might be a bit of doubt. Mr. Soros wasn’t as kind. ""The dollar is a terribly flawed currency"Nor, for th…

November 21, 2004

Capital Flows
The Times is overselling the impact of the Iraq debt deal

Getting agreement from the Paris Club creditors to write off 80% (in stages) of the $40 billion or so that Iraq owes them is no doubt a good thing -- not the least because it lets the US (and Iraq) p…

May 10, 2013

Defense and Security
You Might Have Missed: Syrian Air Defenses? Drones, and Benghazi

Olga Khazan, “Interview: NATO Supreme Allied Commander on Syria and Soft Power,” The Atlantic, May 9, 2013. But one strike is a very different proposition than launching a big campaign. The benefit …

Benghazi hearing