Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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October 9, 2019
Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank
Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…
July 5, 2012
Military Operations
How the Obama Administration Justifies Targeted Killings
Despite almost ten years of operations and nearly four hundred airstrikes that killed an estimated three thousand people (both militants and civilians), both the Bush and Obama administrations have p…
December 18, 2007
United States
Yes, Virginia, the world’s central banks are financing most of the US current account deficit (my rebuttal to Richard Iley)
Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” bal…
May 19, 2013
Military Operations
The AUMF and America’s Forever War
See below for the most important and alarming sections from Thursday’s Senate Armed Services Hearing with senior civilian and military officials on the Pentagon’s interpretation of legal authorities …