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November 22, 2019

Iran
Reports of Oil’s Demise May Be Premature

I have a rule of thumb on the oil price cycle: When commentators start using the word “never” we are typically at the brink of a cycle shift. For a while now, oil prices have been stuck in a range. T…

Iraqi demonstrators block the entrance of Khor al-Zubair commodities port during the ongoing anti-government protests, near Basra, Iraq November 19, 2019.

December 4, 2018

South Africa
Mandela Anniversaries Marked by Star-Studded Global Citizen Fundraiser

At the huge FNB Stadium in Johannesburg on December 2, more than one hundred thousand people participated in the Global Citizen Festival: Mandela 100, sponsored by the Motsepe Foundation. The event raised some $7 billion in commitments for the relief of poverty across the African continent, from big corporations, governments, and small donors. Performers included Beyonce, Jay-Z, and Usher, and speakers included a variety of South African political, economic, and traditional leaders, as well as Mandela’s family. In the audience was Oprah, South African President Cyril Ramaphosa, and numerous other heads of state. The event was hosted by South African comedian Trevor Noah.

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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 15, 2019

Public Health Threats and Pandemics
The End of Antibiotics?

Antibiotics are facing an existential crisis less than a century after their introduction. Increased bacterial resistance is putting the world at risk of an era in which routine infections are untreatable.

Amy Spoering, Director of Biological Research at the biotech NovoBiotic Pharmaceuticals, holds up a sample of the bacterium Eleftheria terrae, the basis for the promising new antibiotic Teixobactin, at NovoBiotic's labs in Cambridge, Massachusetts.

July 17, 2018

South Africa
Mandela’s Centenary Is Marked by the Rise of Close Friend Ramaphosa

Cyril Ramaphosa, president of South Africa since January, was a close colleague of Nelson Mandela and regularly associates himself with the Mandela legacy and seeks to restore the late president’s values as South Africa’s lodestar.

South-Africa-Ramaphosa-Mandela-De-Klerk

September 10, 2019

United States
C. Peter McColough Series on International Economics With Mark Carney

Mark Carney discusses monetary policy and the challenges facing the Bank of England. The C. Peter McColough Series on International Economics brings the world's foremost economic policymakers and …

Play Mark Carney

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 11, 2019

United States
Thanking America's Veterans

Today is Veterans Day. Americans first celebrated it on November 11, 1919, one year to the day after the end of the conflict they knew as the Great War and we (regrettably) know today as World War I…

Veterans Day

November 5, 2019

Defense and Security
Why Would Arab Leaders Pursue Strategic Partnerships With Russia?

Amir Asmar is a Department of Defense analyst and CFR’s national intelligence fellow. Throughout his intelligence career, his primary area of focus has been the Middle East. He held a wide range of a…

Russian President Vladimir Putin and Abu Dhabi Crown Prince Mohamed bin Zayed al-Nahyan attend a welcome ceremony in the United Arab Emirates, on October 15, 2019.

November 1, 2019

International Organizations
The IMF: The World’s Controversial Financial Firefighter

The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, continues to find itself at the forefront of global economic crisis management.

IMF Governors' meeting