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September 14, 2018

Financial Markets
The Dangerous Myth We Still Believe About the Lehman Brothers Bust

The new consensus about the cause of the 2008 financial crisis is seductive — and misleading. Sebastian Mallaby presents an alternative opinion.

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City.

September 16, 2008

Financial Markets
Lehman v Argentina

I am guilty of instinctively comparing large defaults to the Argentina’s default. That is the largest default that I know well. And Lehman qualifies as a large default. John Jansen reports one …

November 10, 2018

United States
Happy 243rd Birthday to the United States Marine Corps!

The Marine Corps turns 243 years-old today. On November 10, 1775, the Continental Congress adopted a resolution to create a Marine force composed of two battalions. Since then, the Marines have been …

USMC birthday

October 26, 2018

United States
Learning More About The Empty Throne

One of the delights of finishing a book is that you get to talk about it. Since PublicAffairs released The Empty Throne: America’s Abdication of Global Leadership last week, Ivo Daalder and I have be…

The Empty Throne

September 30, 2018

China
Trump is Rising to the China Challenge in the Worst Way Possible

China has 800 million Internet users and is overtaking the United States in areas such as drones, mobile payments, bike sharing and artificial intelligence. But Trump is responding to the China chall…

Chairman and CEO Wang Xing and executives of China's Meituan Dianping attend a news conference celebrating the company's IPO.

September 13, 2018

North Korea
The Two Koreas Hold a Summit, and a Look Back at the Lehman Collapse

The two Koreas hold a summit in Pyongyang, ten years pass since the epic Lehman Brothers collapse, and Hurricane Florence threatens massive damage in the southeastern United States.

Podcast South Korean President Moon Jae-in and North Korean leader Kim Jong Un shake hands at inside the demilitarized zone separating the two Koreas, April 27, 2018.

September 18, 2018

United States
U.S. Housing-Market Trends Suggest Recession Around Election Time, 2020

Ten years ago, in September 2008, plunging home prices pushed Lehman Brothers into bankruptcy, fueling a financial crisis that sent the United States, and much of the world, into a deep recession…

U.S. Housing-Market Trends Suggest Recession Around Election Time, 2020

September 13, 2018

Trade
U.S. Offer of New China Trade Talks Should Be Taken Seriously

Big obstacles remain but surprise move offers hope.

U.S. and China Flag

September 14, 2018

Bangladesh
Bangladesh: Faith in Democracy and Institutions Is In Decline as Election Nears

A new public opinion poll shows that Bangladesh’s citizens are losing confidence in democratic institutions. The forthcoming election is an opportunity to renew the public’s faith in the democratic p…

Bangladesh's Prime Minister Sheikh Hasina Wazed consults with her team during the United Nations General Assembly in New York City, U.S. September 18, 2017.

August 22, 2018

U.S. Foreign Policy
Pompeo Staffs Up

Today Secretary of State Pompeo announced the appointment of Steve Biegun to be Special Representative for North Korea. This follows the announcements of Brian Hook as Special Representative for Iran…