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…
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February 21, 2005
Budget, Debt, and Deficits
The confused conservatives on the Washington Post oped page …
The Washington Post put out an oped on the partial privatization of Social Security over the weekend, which Kevin Drum appropriately jumped on.One item in the oped jumped out at me:The second risk i…
June 11, 2007
Monetary Policy
“Asia’s importance in the bond market cannot be overstated”
That quote doesn't come from me -- but from someone with a bit more authority: Jim Caron, co-head of global interest rate strategy at Morgan Stanley (quoted by Michael MacKenzie in Monday's Financial…
July 24, 2008
Financial Markets
Too big to fail? Or too large to save? Thinking about the US one year into the subprime crisis
Emerging market financial crises in the 1990s followed a fairly consistent pattern. The country lost access to external financing. The sector of the economy that had a large need for financing – fi…
November 4, 2013
Turkey
Turkey: Hello, I Must Be Going
I first arrived in Turkey on a chilly, gray afternoon in early October 1992. I had been living in Jerusalem studying Arabic and Hebrew—this was during my Arab-Israeli conflict stage—when the guy wit…
January 10, 2005
United States
Apparently, like budget deficits, trade deficits do not matter anymore
Kevin 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…