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November 23, 2004

The budget deficit before all the bad stuff

Isn’t that what leaving any increase in deficit associated with partial privatization of social security off the books implies?Bush’s formula on the dollar in Santiago emphasized the need to control …

April 4, 2005

United States
McKinsey says the trade deficit does not matter

What is good for IBM (oops, Lenovo) is good for America.OK, that is a cheap shot.Yesterday’s Wall Street Journal published a column by Jon Hilsenrath that drew on work by Diana Farrell and the McKins…

May 17, 2005

China
So, is the Bush Administration for bashing China or against it?

Let no one think the Bush Administration doesn’t occasionally try to have it both ways. A month ago the Bush Administration ratcheted up the verbal pressure on China. China was ready to change its…

May 30, 2005

United States
Memo to Kirstof: China has some responsibility for global imbalances too

Nick Kristof accuses the US -- Democrats in Congress in particular -- of scapegoating China, and blaming China for global economic problems (more accurately, the risk of global economic problems) tha…

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…

July 21, 2005

China shifts to a basket peg

But the change against the dollar is small.  Very small. Too small in my view to have much of an economic impact, in any way.  On trade flows.  Or on capital flows.  I would still bet on a furth…

June 8, 2005

Middle East and North Africa
In Support of Arab Democracy

A Council-sponsored Task Force says that the United States should support the evolutionary development of democracy consistently throughout the Middle East. It points out that a strategy to promote d…

July 26, 2005

Conflict Prevention
Council Task Force Urges United States to Put Nation-building on Par with War-fighting

Calls for Overhauling U.S. Government for Stabilization and Reconstruction OperationsJuly 27, 2005-Nation-building is not just a humanitarian concern, but a critical national security priority that s…

June 8, 2005

Religion
Bipartisan Task Force Endorses Democracy Promotion

Says U.S. Support for Democracy in the Arab World Marks Historic Change and Represents Unique ChallengeJune 9, 2005—A Council-sponsored Task Force, In Support of Arab Democracy: Why and How, says tha…

April 15, 2005

United States
First the President tells China that it is holding a bunch of worthless IOUs …

And now he tells China it really should revalue, in far stronger language than the US (or the G-7) has used before.It seems like Tim Adams, the incoming Treasury Under Secretary for International Aff…