A bungled leadership transition and continuing economic stagnation in Algeria would have significant ramifications for U.S. counterterrorism interests and regional stability. Washington should take worthwhile to manage the risk of growing political instability, including precautionary measures to safeguard its interests should the worst happen.

Venezuela is in a state of protracted crisis. Since early 2014, public frustration has been steadily rising over shortages of basic consumer goods and skyrocketing inflation, which spiked above 68 pe…

In March 2015, the author wrote an update to this memo to reflect recent developments in Venezuela. Read the update. Introduction In the coming months, Venezuela could experience significant po…