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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

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

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

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

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

Politics and Government
Is Operation Odyssey Dawn Constitutional? Part III

  Yesterday I noted that many legal scholars believe that while the text of the Constitution may not have given presidents an independent war-making authority, they have acquired that through two …

Part III

March 30, 2011

Wars and Conflict
Is Operation Odyssey Dawn Constitutional? Part II

  Last week I wrote a post arguing that President Obama’s decision to launch Operation Odyssey Dawn conflicted with the Framers’ conception of the exercise of the war power. The men who wrote the …


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…