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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

April 26, 2011

Politics and Government
Campaign 2012: Hello Ron Paul, GOP Presidential Candidate

Rep. Ron Paul visits a polling station in Manchester, New Hampshire on January 8, 2008. (Jim Young/courtesy Reuters) The third time is the charm. That’s at least what Ron Paul hopes. An unsuccessful…

Republican presidential candidate Texas Rep. Ron Paul visits a polling station in Manchester, New Hampshire January 8, 2008. (Jim Young/courtesy Reuters)

April 30, 2006

Can the dollar block survive another bout of dollar weakness?

In case you haven't noticed, the dollar is now closer to 1.30 (v. the euro) than 1.20 - or even 1.15.  Carry is no longer king.   There is talk of a "regime change" in the fx market.  Or at least an …

November 17, 2008

Financial Markets
The G-20 communique

The G-20’s communiqué offered a surprisingly robust work program for regulatory reform. MIT’s Simon Johnson even worries that it may be too robust – and push banks to scale back their lending in a …