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November 6, 2020

United States
Happy 245th Birthday to the United States Marine Corps!

The U.S. Marine Corps turns 245 years-old today. On November 10, 1775, the Continental Congress adopted a resolution to create a Marine force composed of two battalions. Since then, the Marines have …

Marines

November 10, 2020

U.S. Foreign Policy
TWE Book and Film Recommendations

Over the decade since I began blogging at The Water’s Edge I have periodically recommended books to read and films to watch. I have also occasionally asked colleagues to recommend books and movies. G…

https://www.cfr.org/blog/twe-book-and-film-recommendations

February 5, 2020

Election 2020
2020 Presidential Candidates Race to Renewable Energy, But How Will They Get There?

This is a guest post by Zoe Dawson, a recent graduate of The Center for Global Affairs at New York University. She was previously an intern for Energy and Climate Policy at the Council on Foreign Rel…

The Niagara River Gorge cuts through Ontario Hydro (L) and the Robert Moses Power Plant (R) at the United States-Canadian Border on August 15, 2003.

February 22, 2017

United States
Scott Walker’s Foreign Policy Speech

Gov. Scott Walker gave a major foreign policy speech today at The Citadel, and it contained some points worth noting. I’ll skip over some of the rhetoric and the criticism of Clinton and Obama, which…

May 8, 2017

Education
Scott Walker's Risky College Experiment

Since 2000, the percent of state budgets devoted to higher education has fallen from 13 percent to 9.5 percent. This decline in funding has strained public university finances, reduced pay for many p…

Wisconsin Governor Scott Walker speaks at the Freedom Summit in Des Moines, Iowa, January 24, 2015 (Jim Young/Courtesy Reuters).

April 17, 2017

Brazil
Why Is Walmart Raising Wages?

On February 19, Walmart announced that it was raising its minimum starting wage to $9 an hour.  Since Walmart is famous for its ruthless cost management, this appeared to be a significant sign of …

Why Is Walmart Raising Wages?

April 17, 2017

United States
Psychology and the Oil Market

In his recent book, Market Madness: A Century of Oil Panics, Crises, and Crashes, our colleague Blake Clayton explains the role of market psychology in contributing to the wild price swings that h…

Psychology and the Oil Market

April 17, 2017

Europe and Eurasia
Greece Fallout: Italy and Spain Have Funded a Massive Backdoor Bailout of French Banks

In March 2010, two months before the announcement of the first Greek bailout, European banks had €134 billion worth of claims on Greece.  French banks, as shown in the right-hand figure above, had…

Greece Fallout: Italy and Spain Have Funded a Massive Backdoor Bailout of French Banks

April 17, 2017

Europe and Eurasia
A Full Greek IMF-Debt Default Would Be Four Times All Previous Defaults Combined

Since the IMF’s launch in 1946, 27 countries have had overdue financial obligations of 6 months or more.*  But the amounts involved have always been small, never exceeding SDR 1bn ($1.4bn). This …

A Full Greek IMF-Debt Default Would Be Four Times All Previous Defaults Combined

April 17, 2017

Europe and Eurasia
Greece-Troika Gap Over Primary Surpluses Has Shrunk Dramatically

Greece has announced that it will not pay the IMF the €300 million due to the Fund on June 5.  Instead, it will “bundle” the payments due to the Fund over the course of June into one payment of ab…

Greece-Troika Gap Over Primary Surpluses Has Shrunk Dramatically