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February 27, 2006

Financial Markets
A butterfly flapped its wings in Iceland …

If you read the financial press closely, it was hard not to learn a bit about the Icelandic krona over the past week.   The krona pays a high interest rate, you see - enabling Iceland to attract the …

June 19, 2007

Monetary Policy
Sovereign Wealth Funds are sexy, but the real story right now comes from plain old central bank reserves …

Everyone now wants to talk about sovereign wealth funds, both how big they will become and how they will (or will not) impact a range of markets.  I tend to agree with Tony Tassel and Joanna Chung of…

June 24, 2011

United States
Libya: "Justifications" for Intervention

Rebels fighters are reflected on a side mirror at the front line in Ajdabiyah June 22, 2011. REUTERS/Mohamed Abd El-Ghany As anyone who reads this blog probably knows, I have been a critic of the U…

Libya: "Justifications" for Intervention

February 17, 2012

Budget, Debt, and Deficits
Friday File: Anthony Shadid

Above the Fold. Anthony Shadid, a New York Times foreign correspondent, died yesterday while covering the ongoing political upheaval in Syria. He wasn’t cut down by the violence of what is becoming a…

Anthony Shadid (right) with other New York Times journalists and Turkey's Ambassador to Libya on March 21, 2011. (Handout/courtesy Reuters)

January 28, 2011

Diplomacy and International Institutions
Friday File: “Friday of Wrath” Tests the Obama Administration

An anti-government protester defaces a picture of Egypt's President Hosni Mubarak in Alexandria. (Courtesy Reuters) Above the Fold. Just three days after delivering a State of the Union Address that…

An anti-government protester defaces a picture of Egypt’s President Hosni Mubarak in Alexandria.