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August 12, 2020

United States
Weaker Dollar Means More Dollar Reserves

Large increases in dollar reserves tend to come during periods of dollar weakness, not periods of dollar strength. That is for a simple reason: many export-heavy countries still intervene heavily in …

Weaker Dollar Means More Dollar Reserves

September 18, 2020

Cybersecurity
Cyber Week in Review: September 18, 2020

TikTok and WeChat drama continues to unfold; DOJ announces indictments against pro-Iran hackers; Facebook and Twitter close accounts linked to conservative youth group disinformation campaign; DOJ ch…

Deputy Attorney General Jeffery A Rosen speaks during a Justice Department's news conference to announce charges in China-related intrusion campaigns.

September 16, 2020

Currency Reserves
Asian Intervention in the Foreign Exchange Market is Back. Bigly.

Joe Gagnon and Fred Bergsten have called the years from 2003 to 2013 the decade of manipulation, as a host of Asian countries protected their competitive position of their exporters by intervening ma…

Asian Intervention in the Foreign Exchange Market is Back. Bigly.

September 18, 2020

United States
The United States Air Force Celebrates Its 73rd Birthday Today

The United States Air Force (USAF) turns 73 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

September 16, 2020

United States
Why the Fed Bond Binge Will Boost Inflation

After the 2008 financial crisis, it took five years of quantitative easing (QE) for the Fed’s balance sheet to grow $1.8 trillion. This year, once the pandemic began, it took less than five month…

Why the Fed Bond Binge Will Boost Inflation

September 15, 2020

Nigeria
Nigeria Launches Community Policing Initiative

In the face of apparently soaring levels of crime and violence, the Nigerian government has launched a community policing initiative. Abuja has set aside N13 billion (about $35 million) to fund the launch and is recruiting some 10,000 constables.

Several police officers, dressed in blue vests with "POLICE" written on the back, run down a concrete road.

September 11, 2020

Election 2020
Campaign Foreign Policy Roundup: Foreign Policy Is AWOL

Each Friday, I look at what is being said about foreign policy on the campaign trail. This week: For all of its surprises, 2020 is shaping up as a traditional campaign year in one important respect.

Two people in masks walk by a mural of the U.S. flag in Ocean Beach, California.

September 9, 2020

Southeast Asia
A Review of “Man of Contradictions: Joko Widodo and the Struggle to Remake Indonesia” by Ben Bland

Thomas Pepinsky is Tisch University Professor in the Department of Government at Cornell University, and a nonresident senior fellow at the Brookings Institution. He is the author, most recently, of …

Indonesian President Joko Widodo gestures as he delivers a speech ahead of the 75th Independence Day, at the parliament building in Jakarta, Indonesia, on August, 14, 2020.

September 7, 2020

Trade
The Return of Big Chinese Surpluses (And Large U.S. Deficits)

Global trade imbalances are, once again, largely the result of Chinese and American trade imbalances. China's surplus has increased even as the pandemic has reduced global trade, as has the U.S. defi…

The Return of Big Chinese Surpluses (And Large U.S. Deficits)

September 3, 2020

Women and Women's Rights
Constitutionalizing Equality: The Equal Rights Amendment as a Catalyst for Change

The Equal Rights Amendment (ERA) is back in the headlines with new ferocity. Following Virginia’s ratification earlier this year, the House of Representatives moved swiftly to grant the amendment a n…

Equal Rights Amendment, Virginia