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January 28, 2006

Another great irony of history: The Chinese Communist party is a very profitable real estate company

Max Sawicky noted that key source of recent job creation in the capitalist United States has been the US government, which itself is financed, in no small part by the People's Bank of China.  The…

April 28, 2006

Why does China have a looser monetary policy than the United States?

We know why the global economy grew strongly in the first quarter.   Nothing changed.  Or rather, the basic pattern that has driven global growth for the past few years intensified.The US continued t…

May 2, 2006

Financial Markets
And the money keeps rolling in …

To Russia. In 1998, Russia was very short on cash.  It went to the IMF and got a $15 billion credit line.  When it didn’t hold up its end of the bargain – taking steps to collect a bit of revenue – t…

March 11, 2010

North Korea
Rajin-Sonbong: North Korea’s (New?) Strategy to Attract Foreign Investment

I’ve been watching North Korea ramp up efforts to attract foreign investment since Jack Pritchard and I heard last November in Pyongyang from the chairman of Pyongyang’s Foreign Investment Advisory B…

August 2, 2010

Fossil Fuels
Removing the Oil Spill Liability Cap Could Be Dangerous

The spill bill is in deep trouble in the Senate. Democrats want to eliminate the existing libability cap for offshore oil accidents. The Wall Street Journal summarized the Republican position yesterd…

August 30, 2010

Burma’s Looming Disaster

This past week, the Burmese generals captured global media attention by apparently stepping down from their posts in anticipation of the upcoming national elections, the country’s first in two deca…

Military personnel from the Democratic Karen Buddhist Army (DKBA), an ethnic militia battling Myanmar’s military junta, take part in a traditional New Year’s parade on the Myanmar-Thai border

December 17, 2010

Inflation is Political Too ...

People look at vegetable prices at a local food market in Shanghai. (Carlos Barria/Courtesy Reuters) Are there many things in Asia more political than inflation?  At a time when governments across t…

Inflation is Political Too ...

March 11, 2011

Defense and Security
TWE Remembers: The Lend-Lease Act

Americans like to imagine that in days long past politics stopped at the water’s edge and America spoke with one voice to the world. More often than not, however, our foreign policy debates have been…


April 18, 2011

Politics and Government
Campaign 2012: Hello Rick Santorum, GOP Presidential Candidate

Rick Santorum speaks during the Iowa Faith & Freedom Coalition's Spring Event in Waukee, Iowa March 7, 2011. (Brian Frank/courtesy Reuters) Pennsylvania State University can claim many accomplis…

Rick Santorum speaks during the Iowa Faith & Freedom Coalition’s Spring Event in Waukee, Iowa March 7, 2011.

June 21, 2011

Elections and Voting
Campaign 2012: Hello Jon Huntsman, GOP Presidential Candidate

It’s official. Jon Huntsman, the former Utah governor and U.S. ambassador to China, has formally announced that he is a Republican candidate for president. As he promised, Huntsman made the announcem…

Jon Huntsman