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March 23, 2005

Capital Flows
Wolfowitz and the World Bank

Paul Wolfowitz looks to be heading toward the Presidency of the World Bank. He probably was not the first choice of anyone outside the US, not even the UK. But no one seems to see much of an upside…

November 1, 2005

China
Balance of payments math for the Economist (and some thoughts on Chinese banks)

The Economist - byline Bejing, Hong Kong, Shanghai.The quote: "No country can sustainably invest more than it saves ..."As most of you know, I generally agree with that sentiment, though it is certai…

January 6, 2006

United States
The USA, China and Saudi Arabia - the big three of global adjustment?

The standard discussion of the unbalanced world divies the world up into three: the US, Europe and Japan/ Asia.   And the standard discussion of global imbalances says all three need to do their part…

January 6, 2008

Economics
Looking back at the top macroeconomic and financial stories of 2007, and looking forward to 2008

Here is my list of the top five stories of 2007 - and some things that I’ll be watching in 2008. What did I miss?1. The "subprime" crisis. The credibility of Wall Street’s financial engineering …

March 11, 2010

North Korea
Rajin-Sonbong: North Korea’s (New?) Strategy to Attract Foreign Investment

I’ve been watching North Korea ramp up efforts to attract foreign investment since Jack Pritchard and I heard last November in Pyongyang from the chairman of Pyongyang’s Foreign Investment Advisory B…

March 7, 2011

Politics and Government
Campaign 2012: Hello Herman Cain, GOP Presidential Candidate

Herman Cain takes the stage to address the Conservative Political Action Conference in Washington in February 2011. (Jonathan Ernst/courtesy Reuters) What if when Americans go to the polls on Novem…

Herman Cain takes the stage to address the Conservative Political Action conference in Washington on February 11, 2011.  (Jonathan Ernst/courtesy Reuters)

March 31, 2011

Defense and Security
Is Operation Odyssey Dawn Constitutional? Part III

Then President Bill Clinton beside Gen. Hugh Shelton, then chairman of the Joint Chiefs of Staff, explaining the U.S. and NATO mission in Kosovo on April 1, 1999. (Win McNamee/courtesy Reuters) Yest…

U.S. President Bill Clinton beside Gen. Hugh Shelton, then chairman of the Joint Chiefs of Staff, explaining the U.S. and NATO mission in Kosovo on April 1, 1999. (Win McNamee/courtesy Reuters)

March 1, 2011

North Korea
Time for a Comprehensive, Proactive North Korea Policy

Jack Pritchard was the President of the Korea Economic Institute and was formerly ambassador and special envoy for negotiations with North Korea. Last year I was privileged to co-chair the Council o…

North Korea Denounces UN Punishment

February 1, 2011

Fossil Fuels
An Awful New Industry Talking Point

The New York Times reports this morning on the perennial battle over energy subsidies. In addition to a lovely quote from this blog, the Times has this from American Petroleum Institute (API) preside…

March 30, 2011

Defense and Security
Is Operation Odyssey Dawn Constitutional? Part II

Vehicles belonging to Qaddafi forces explode after an air strike by coalition planes along a road between Benghazi and Ajdabiya on March 20, 2011. (Goran Tomasevic/courtesy Reuters) Last week I wrot…

Vehicles belonging to forces loyal to Qaddafi explode after an air strike by coalition forces, along a road between Benghazi and Ajdabiyah on March 20, 2011. (Goran Tomasevic/courtesy Reuters)