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November 15, 2019

Election 2020
Foreign Policy Roundup: The Democratic Foreign Policy Establishment Embraces Joe Biden

Each Friday, I look at what the presidential challengers are saying about foreign policy on the campaign trail.

Former Vice President Joe Biden speaks to a crowd after filing for the New Hampshire presidential primary on November 8.

November 13, 2019

United States
A Big Borrower and a Giant Corporate Tax Dodge? How Best to Describe the U.S. External Balance Sheet

Most grandiose explanations for the United States' persistent surplus in the income balance of the U.S. current account miss the mark. The U.S. debt position tracks the sum of past current account de…

A Big Borrower and a Giant Corporate Tax Dodge? How Best to Describe the U.S. External Balance Sheet

November 10, 2019

United States
Happy 244th Birthday to the United States Marine Corps!

The U.S. Marine Corps turns 244 years-old today. On November 10, 1775, the Continental Congress adopted a resolution to create a Marine force composed of two battalions. Since then, the Marines have …

U.S. Marine Corps

November 1, 2019

Election 2020
Foreign Policy Roundup: Abu Bakr Al-Baghdadi, Israel, and Campaign Advisors

Each Friday, I look at what the presidential challengers are saying about foreign policy on the campaign trail.

Bernie Sanders speaks at the J Street National Conference in Washington, DC, on October 28.

November 1, 2019

Ireland
Ireland’s Statistical Cry for Help…

Ireland's tax authorities have made the job of Ireland's statistical authorities almost impossible.   The distortions in the Irish data are now so big that the impact the data for the entire euro are…

Ireland’s Statistical Cry for Help…

October 30, 2019

Election 2020
Meet Bill Weld, Republican Presidential Candidate

Bill Weld was the first Republican to officially announce he would challenge Donald Trump for the Republican presidential nomination. Weld knows that his bid faces long odds. Roughly nine out of ten …

Bill Weld

October 29, 2019

Nigeria
Beyond the Nigerian Correctional Services Act

Nigeria’s criminal justice system is in urgent need of reform. Prisons are overcrowded, holding 73,314 people despite having capacity for only 50,153. Of those held, an estimated 70 percent are awaiting trial and have not yet been convicted of a crime; reports find that some people have been awaiting trial for as long as thirteen years. The chronic underfunding of the justice system exacerbates overcrowding and pre-trial detention.

A Lady Justice statue stands outside the Court of Appeal in Abuja, Nigeria

October 25, 2019

Election 2020
Foreign Policy Roundup: Tim Ryan Bows Out, Warren on Israel, and Geoengineering

Each Friday, I look at what the presidential challengers are saying about foreign policy on the campaign trail.

Senator Elizabeth Warren speaking in Hanover, New Hampshire, on October 24.

October 24, 2019

Japan
A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

Japanese investors have an obvious incentive to search for yield abroad. But why has foreign demand for Japanese bonds almost matched Japanese demand for foreign bonds?

A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

October 24, 2019

Election 2020
Meet Mark Sanford, Republican Presidential Candidate

Donald Trump’s approval rating among Republican voters hovers around 90 percent. Numbers that high normally mean no primary challenge. But the Trump presidency has been anything but normal. Former So…

Mark Sanford