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January 8, 2021

Transition 2021
Transition 2021: A Divisive and Damaging Presidency Nears Its End

Each Friday, I look at what is happening in President-Elect Joe Biden’s transition to the White House. This week: The mob that stormed the Capitol Building this week highlighted how Donald Trump’s pr…

Pro-Trump protestors line the steps of the U.S. Capitol Building waving flags and hanging Trump 2020 banners.

December 11, 2020

Transition 2021
Transition 2021: Should a Retired General Be Secretary of Defense?

Each Friday, I look at what is happening in President-Elect Joe Biden’s transition to the White House. This week: Biden’s nomination of General Lloyd Austin to be secretary of defense raises question…

Retired General Lloyd Austin speaks at a podium as President-Elect Joe Biden sits behind him.

December 2, 2020

United States
Ten Anniversaries to Note in 2021

Anniversaries mark the passage of time, recall our triumphs, and honor our losses. Two thousand twenty witnessed many significant anniversaries: the seventy-fifth anniversary of the end of World War …

Tomb of the Unknown Soldier

November 10, 2020

News Release
Reform State Department or Risk Further Damage to U.S. Influence Abroad, Warns CFR Report

“America’s network of international relationships is its foremost strategic asset, even as the agency charged with advancing U.S. interests through diplomacy—the Department of State (DOS)—has fallen …

September 18, 2020

United States
The United States Air Force Celebrates Its 73rd Birthday Today

The United States Air Force (USAF) turns 73 years-old today. On September 18, 1947, Chief Justice Fred Vinson swore in Stuart Symington as the first secretary of the air force, officially founding a …

Air Force

September 8, 2020

News Release
CFR Welcomes Visiting Fellows

The Council on Foreign Relations (CFR) welcomes the 2020–21 visiting fellows to the David Rockefeller Studies Program. Selected fellows have the opportunity to broaden their perspective of foreign af…

August 4, 2020

U.S. Foreign Policy
TWE Book and Film Recommendations

Over the decade since I began blogging at The Water’s Edge I have periodically recommended books to read and films to watch. I have also occasionally asked colleagues to recommend books and movies. G…

https://www.cfr.org/blog/twe-book-and-film-recommendations

March 31, 2020

International Economic Policy
Not One Emerging Market Financial Crisis, but Many…

The common denominator across many emerging economies is a shortage of dollars. But the causes differ, as do the solutions.

A worker wearing a protective suit is seen inside the Shanghai Stock Exchange building amid the coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020.

March 17, 2020

International Economic Policy
Addressing the Global Dollar Shortage: More Swap Lines? A New Fed Repo Facility for Central Banks? More IMF Lending?

There is a global scramble for dollars going on. It needs to be addressed through creative policies.

FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul January 9, 2013.

February 18, 2020

Cybersecurity
Cyber Deterrence Is Dead. Long Live Cyber Deterrence!

Although the concept of cyber deterrence has fallen out of fashion in academic literature in recent years, it is being remolded in emerging approaches to national security. 

Sr Airman Jose Rivera, infrastructure technician U.S. Air Force, works at the 561st Network Operations Squadron (NOS) at Petersen Air Force Base in Colorado Springs, Colorado