Four Americans traveled to 14 countries to find out what ordinary people think of the United States. The responses were predictable: most professed admiration for Americans but vehemently disliked the United States government. There were few surprises in this documentary, which was filmed in “pre-Obama” time. The more touching scenes involve an Afghan woman who lost […]
Recently, the European Union and India have been in the news for a near-final free trade agreement, as have the United States and the 10 other countries who are hammering out the Trans-Pacific Partnership (TPP). While these agreements could bolster economies that were weakened by the recession or that are struggling to emerge, they also […]
Writing for both the Latin America blog and the Europe blog often has its advantages, and with so little attention being paid to Latin America at this past weekend’s G8 Summit at Camp David I am given some space to discuss how the global economy affects Latin America and other developing regions. The late 90s […]
In a recent discussion on Argentina’s expropriation of YPF there was much commentary on how the Falklands issue was still one of great importance. Seeing Argentina as independent and able to move ahead, despite having poor relations with the Europeans, created a healthy debate on the issue. As the moderator of the posts I create, […]
Investors often fear one outcome to their investments beyond any natural disasters or recessions, one that has characterised possible nightmare results of investing in Emerging Markets, that of a nationally supported expropriation. Latin America as a whole has often fought and suffered as a result of state expropriations of American and European companies over the […]
Jochen Flasbarth, President of Umwelt Bundes Amt (UBA – Germany’s central federal authority on environmental matters), was in New York last week, where he discussed, among other things, Germany’s efforts to create a national electric supply that relies completely on renewable energy. Germany’s goal is to reduce its overall greenhouse gas emissions by 80-90% by the […]
By Anne Bilala, Anna Maria Barcikowska, Jordan Becker, Benjamin Bilski, Benedetta Berti, Dustin Dehez, Hristiana Grozdanova, Francisco Galamas, Dominik P. Jankowski, Gonca Noyan, Jelena Petrovic and Timothy Stafford Over the past six weeks, a group of young leaders from all over the world has been actively involved in discussing the future of transatlantic relations through […]
At least 23 and perhaps as many as 26 of the 27 members of the European Union have agreed to an inter-governmental agreement that may or may not save the euro from the bond market vigilantes. A full-blown treaty failed because there was not unanimous support for the idea – Britain stood alone in saying […]
The European model of social welfare has long been accused of being unsustainable. The related but often ignored phenomena of low birth rates and aging populations have led analysts to wonder how an ever smaller proportion of workers could continue to pay for an increasing population of elderly dependents. With Europe in the throes of […]
Yesterday evening, I had the privilege of attending two separate speeches, featuring two top diplomats. The first was former U.S. Secretary of State under President Reagan, George P. Schulz; the second was current Greek Foreign Minister, Stavros Lambrinidis. What stood out most to me about the two respective addresses were remarks, concerning current economic and […]
Last night I attended the New York Premiere Screening of Back Door Channels: The Price of Peace. Featuring interviews with Leon Charney, Back Door Channels reveals the unlikely confluence of events that produced one of the most significant diplomatic achievements of the 20th Century: the Camp David Peace Accords between Israel and Egypt. The term […]
As C.S. Lewis states in The Abolition of Man, once you step outside of the Tao, by which he means the world of objective value, you and your civilization fall ultimately down a slippery slope into the abyss of value indeterminacy and the rule of a Nietzschean will to power. According to Lewis, “A dogmatic […]
With America’s latest market crash, the debt debate seems so ‘last week’ (hey, it was last week!), there is still much to learn from the tumultuous process. Niall Ferguson attempts to provide an outside perspective on the whole debt limit battle. It’s a pretty important outside perspective too; China: Viewed from Beijing, it looked very […]
The IMF has put forward a new paper on new International Evidence on Expansionary Austerity (which Krugman as well as Herdentrieb linked to). From the abstract: This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMF documents, to identify changes […]
Switzerland’s government has decided to go nuclear-free in the aftermath of the Fukushima disaster. Last week-end, 20,000 rallied against nuclear power. Earlier today, the cabinet decided to build no new fission plants while allowing those currently on line to operate through their designed lifespan. “Existing nuclear power plants will be closed at the end of […]