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September 27, 2019

Nigeria
U.S. Arrests Celebrated Nigerian Entrepreneur for Fraud

In August, the Federal Bureau of Investigation (FBI) indicted eighty people for what it described as “the largest case of online fraud in U.S. history.” Seventy-seven of them were Nigerian. Separately, also indicted for computer and wire fraud was Obinwanne Okeke. He is accused of defrauding a subsidiary of Caterpillar of $11 million.

A car is parked on the street that says "FBI Police" on it.

September 26, 2019

Benin
Confronting Africa's Role in the Slave Trade

Adaobi Tricia Nwaubani has written a sensitive essay, published in the Wall Street Journal, on the African role in the trans-Atlantic and trans-Saharan slave trade. She observes that the four-hundredth anniversary of the arrival of slaves in Virginia coincides with questions about guilt and responsibility and a debate in the United States about reparations to the descendants of slaves.

A gate stands open on the beach.

September 17, 2019

Public Health Threats and Pandemics
The U.S. Opioid Epidemic

Opioid addiction in the United States has reached epidemic proportions, threatening not only public health but economic output and national security.

A man uses heroin under a bridge where he lives with other addicts in Philadelphia, Pennsylvania.

September 10, 2019

Election 2020
The 2020 Presidential Candidates: In Their Own Words

The Democratic and Republican presidential contenders have begun defining their approach to major foreign policy issues as they jockey for position in their parties’ primaries.

The Presidential Seal

September 5, 2019

News Release
CFR Welcomes Two New Fellows on Climate Change and Europe

September 5, 2019—The Council on Foreign Relations (CFR) welcomes two new fellows to the David Rockefeller Studies Program: Alice C. Hill and Matthias Matthijs. Alice C. Hill joins as senior fello…

August 13, 2019

Election 2020
Meet Beto O’Rourke, Democratic Presidential Candidate

Update: Beto O'Rourke announced on November 1, 2019, that he was ending his campaign. When Richard Nixon lost California’s governor’s race in 1962, political pundits declared his dream of becoming…

Beto O’Rourke

August 7, 2019

Election 2020
Meet Kirsten Gillibrand, Democratic Presidential Candidate

Update: Kirsten Gillibrand announced on August 28, 2019, that she was ending her campaign. It has been a while since Americans have elected successive presidents from the same state. Not since Nov…

Kirsten Gillibrand

June 23, 2009

United States
Yes Virginia, there was an international financial crisis in 2007 and 2008

Now that the markets have lost a bit of their froth, it seems fitting to note just how sharply trade -- and private financial flows -- have contracted over the past year. The US q1 balance of paym…

us-current-account-q1-09-1

September 2, 2008

Monetary Policy
Yes, Virginia – Creditors do sometimes get a vote …

This is Brad Setser again. Thanks to Christian Menegatti and Rachel Ziemba for filling in when I was away. It is only fitting to return with one of my pet themes: central bank demand -- or rather,…

’frbny-graph-3.JPG’

June 7, 2019

Radicalization and Extremism
Hate Speech on Social Media: Global Comparisons

Violence attributed to online hate speech has increased worldwide. Societies confronting the trend must deal with questions of free speech and censorship on widely used tech platforms.

A memorial outside Al Noor mosque in Christchurch, New Zealand.