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August 23, 2012

Defense and Security
Top Twelve Defense Sequestration Scare Tactics

Over a year ago, on August 2, 2011, President Obama signed the Budget Control Act (BCA) of 2011. The bipartisan legislation easily passed the House, 269-131, with 174 Republicans and 95 Democrats vot…

Panetta and Dempsey

November 18, 2011

Defense Technology
You Might Have Missed: Foreign Relations of the United States, 1969-1976

President Richard Nixon and Secretary of State Henry A. Kissinger. Highlights from the recently-released Foreign Relations of the United States, 1969-1976, Volume XV, Soviet Union, June 1972-August …

President Richard Nixon and Secretary of State Henry A. Kissinger

February 25, 2007

Financial Markets
The cranes of Dubai. Are they the answer to Edward Hugh’s question?

I think anyone who visits Dubai right now is bound to be dumbstruck by the sheer scale of the construction.  It, quite honestly, puts anything I saw in China in early 2005 to shame.   To the naked ey…

December 17, 2007

United States
A strong October TIC data release, but the BEA’s data only deepens the mystery of how the US financed its current account deficit in the third quarter

NOTE: THIS POST WAS EXTENSIVELY REVISED ABOUT 5 HOURS AFTER IT WAS INITIALLY POSTED.  I DIDN’T HAVE TIME TO DO A FULL ANALYSIS IN THE MORNING.     The big story of the October TIC data is, obviously…