Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
November 8, 2004
Buried deep within the Scott Kilman’s Monday WSJ article on rising food imports is the following gem:"Much of the Pepsi-Cola sold in the US is made from concentrate imported from places such as Irela…
December 10, 2004
United StatesThat’s the tag on p. C4 of the Wall Street Journal.The smart money -- and regular readers of this blog -- know that this is real question is not whether central banks are, in aggregate, dumping dolla…
December 16, 2004
There are two groups of investors that are massively overweight US assets: the world’s central banks, who still hold most of their reserves in dollars, and US domestic savers. US residents keep the …
January 4, 2005
I am not sure I want to wade into this debate.But I am pretty sure that Carol Adelman did not prove her case in today’s New York Times.Her argument is that aid flows are being privatized, and if you …
January 10, 2005
United StatesKevin Drum brought the latest National Review "trade deficits do not matter" article to my attention today. I learned a few things, namely that Steven Roach is part of a media misinformation campaig…