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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 …

April 22, 2010

Japan
What is Lee Myung-bak Doing That I’m Not?

Photo courtesy of REUTERS/Tim Chong President Lee Myung-bak did steal the spotlight last week at the Nuclear Security Summit, even though I argued strenuously that it was Japan’s Moment to Shine. …

What is Lee Myung-bak Doing That I’m Not?

June 1, 2010

China
Truly New Thinking on North Korea

Lee Jae-Won/Courtesy Reuters Are three of the world’s wealthiest nations truly without recourse? In the wake of North Korea’s sinking of a South Korean warship and the death of forty-six South Korea…

(L-R) Japanese Prime Minister Yukio Hatoyama, South Korean President Lee Myung-bak and Chinese Premier Wen Jiabao pose before their summit in Seogwipo on Jeju island, south of Seoul May 29, 2010. Leaders of the three nations are meeting at the third trilateral summit on the resort island of Jeju from May 29-30 in which escalating tension on the Korean peninsula will certainly be high on the agenda.   REUTERS/Lee Jae-Won (SOUTH KOREA - Tags: POLITICS BUSINESS)

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

Diplomacy and International Institutions
TWE Remembers: The Zimmermann Telegram

Ninety-four years ago today, the American public found out that Zimmermann, Germany’s foreign minister, had sent a telegram directing the German ambassador in Mexico City to ask Mexico to join German…

Zimmermann-Telegram

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)