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…
December 8, 2004
Budget, Debt, and DeficitsIt seems like America’s biggest creditors stepped up to the plate today. China’s rapidly growing reserves have to go somewhere ... From Bloomberg:"So-called indirect bidders, which include the forei…
December 9, 2004
Henry Kaufman’s name sits on the building where I work. If nothing else, that means you tend to take notice of his opinion.He nicely summarizes why many believe the dollar won’t fall much further, o…
December 29, 2004
Daniel Gross’s article on the currency preferences of the world’s underworld is too good not to link to. It seems like the world’s drug lords are less willing than the People’s Bank of China to fina…
January 12, 2005
Budget, Debt, and DeficitsBy the President’s definition, Social Security is bust because it can only pay about 80% of promised benefits with dedicated revenues in 2053, after the trust fund is exhausted in 2052, and only 75% …
January 26, 2005
Financial MarketsWhile China’s delegation to Davos seems a bit less than enamored with the dollar, the People’s Bank of China seems have read last week’s Economist, and concluded that there is no need to change the …