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…
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March 8, 2009
Financial Markets
The shadow financial system – as illustrated in three new papers that cut through the London fog
Gordon Brown wants to shine a bit more light on the shadow financial system (hat tip IPEZone). One plank of his G-20 action plan is: "reform of international regulation to close regulatory gaps so …
September 17, 2007
Financial Markets
The first true twenty-first century financial crisis?
Larry Summers – picking up on a phrase perhaps first used by Michel Camdessus -- liked to call the Mexican crisis the first financial crisis of the 21st century. Mexico’s decision to exhaust its re…
May 27, 2014
India
Hello, Narendra Modi: Prime Minister of India
India did not produce Horatio Alger, but it certainly has produced a Horatio-Alger story: Narendra Modi. Yesterday the son of a poor tea seller took the oath of office as India’s fourteenth (or fifte…
June 16, 2015
Defense and Security
Top Ten Findings of the CIA Inspector General’s Report on 9/11
Last week, in response to long-standing FOIA requests, the CIA declassified—with significant redactions—five documents related to the terrorist attacks on September 11, 2001. The most notable was a J…
October 9, 2019
Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank
Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…
