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December 2, 2016

Global
Ten Historical Anniversaries of Note in 2017

As 2016 comes to a close, here are ten notable historical anniversaries to mark in 2017.

annivesaries-photos-min

September 26, 2006

United States
The deterioration in the US income balance has just begun ….

Mark Whitehouse highlighted the deterioration in the US income balance in yesterday’s Wall Street Journal.   The US paid more in interest and dividends on its external borrowing (and foreign equity i…

us_income_balance

March 20, 2009

Monetary Policy
Did the Fed bail out China by buying Treasuries?

No. Not really. At least not in the sense that is usually argued. China has no need to sell foreign assets like Treasuries to finance its domestic fiscal stimulus so long as it is running a lar…

March 18, 2011

Defense and Security
Friday File: Obama “Dithers” No More

  Libyan protesters in Tobruk celebrate after the UN Security Council passes a resolution authorizing a "no-fly" zone and military attacks on Muammar Qaddafi's forces. (Suhaib Salem/courtesy Reuters…

Libyan Protesters celebrate after a U.N. resolution authorising a

April 5, 2011

Politics and Government
Is Operation Odyssey Dawn Constitutional? Part V

  Most Americans think of the Supreme Court as the legal equivalent of a baseball umpire. In their view, the Court’s job is to call legal balls and strikes, and thereby tell us what the law is. So…

Justices