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…
February 21, 2005
Budget, Debt, and DeficitsThe Washington Post put out an oped on the partial privatization of Social Security over the weekend, which Kevin Drum appropriately jumped on.One item in the oped jumped out at me:The second risk i…
February 25, 2005
Capital FlowsOn Thursday, the Financial Times, the New York Times and Tom Friedman all weighed in on Asian reserve diversification. Paul Blustein of the Washington Post has an A1 story today on another of my comm…
February 26, 2005
Emerging MarketsArgentina is on the verge of completing one of the largest sovereign debt restructurings in history. Argentina is seeking to restructure about $82 billion in bonds, plus $21 billion or so in past d…
March 3, 2005
"Our view is that the current account deficit does not represent a threat to Argentina. It represents the success of Argentina" Miguel Kiguel, Finance Secretary, Argentina, 1999. "Today we are in a…
March 4, 2005
Emerging MarketsI do not expect to consistently agree with the oped page of the Wall Street Journal. But I do not think it is too much to ask that the columnists on oped page of the Journal try to square their argu…