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March 26, 1999

Afghanistan
Testimony on the Situation in Afghanistan Before the United States Senate Committee on Foreign Relations

Recent Events and Political Actors in AfghanistanFor policy recommendations, see text of oral testimony1. INTRODUCTION: SUMMARY OVERVIEW1On August 8, 1998, the Taliban (Islamic student) movement of A…

July 22, 2002

United States
How Does U.S. Use Its Power?

From: SHOW: DIPLOMATIC LICENSE 04:00 AM Eastern Standard TimeUNIDENTIFIED MALE: If you ask Americans do you want America to rule the world, their answer is going to be no.UNIDENTIFIED MALE: We must n…

October 29, 2004

Financial Markets
David Wessel visited the Harvard economics department

Or at least talked to Summers and Rogoff, before writing his Thursday Wall Street Journal column. It is worth reading if you have access to the Journal. I agree with his bottom line: getting out of…

November 6, 2004

Will Japan be able to stay on the sidelines for long?

Some facts: 1) In 2003, Japan increased its reserves by $200 billion, emerging Asia by $245 billion. The world as whole increased its reserves by $500 billion, so Asia accounted for most of the worl…

November 18, 2004

Is it the currency of John Snow and the problem of everyone else?

That headline draws on a nice quote from Steve Barrow of Bear Stearns. It paraphrases the famous saying about the dollar -- I think from Nixon’s Treasury Secretary John Connally -- "it is our curren…