Who else is at risk? Ukraine Violence Sparks Fear for Neighboring Countries
The worsening violence in Ukraine is raising fears that a debt default contagion will spread to other fragile economies. Given the herd psychology and trigger-happy nature of financial markets, a meltdown in Ukraine could lead investors to flee other worrisome emerging markets. Thailand, Brazil, and Turkey, for example, are especially at risk.
Syria bloodbath Pakistan Joins Saudi Arabia, Shuns Iran on Syria War
Pakistan has broken with its nonalignment position toward the Syrian civil war, officially siding with Saudi Arabia, according to reports from regional newspapers. Ultimately this reflects poorly on the Obama administration’s leadership in the Middle East. Riyadh is prepared to seek out other friends who can better help its efforts to unseat Butcher Assad, and Pakistan has shown itself willing.
The Best Offense When Missile Defense Is About More Than Missiles
U.S. and NATO missile defense plans are about more than just guarding against rogue missile threats from Iran. They will shape the U.S.-Russia relationship and, more importantly, long-term relations between America and Europe.
Economic Policy or Pick-up Line? Putin to Eurasia: Lose the Panties
First come the protesters on the Maidan, then come the “panty riots.” A proposed ban on lacy lingerie can reveal much about Putin’s Eurasian Dream.
Abe's Revival in Doubt? Energy Woes Signal Long-Term Weakness for Japan
Japan’s monthly trade deficit rose to a record high in January — mostly as a result of a weaker yen and increased energy imports. This suggests a permanent weakness for Japan, which has very few domestic energy sources. Can Abe reinvigorate the economy under these conditions?
Pipeline Politics Nebraska Judge Kicks Keystone Can Down Road for Obama
A Nebraska judge has ruled that the Governor erred in fast-tracking state approval of the Keystone XL pipeline project. This gives President Obama a heaven-sent opportunity avoid upsetting his green base before the midterms.
Arming Assad's Enemies Saudi-Syria Kiss Kiss Bang Bang
Is the United States leaning toward increasing its support for the Syrian rebels? Saudi Arabia, the largest funder of the Syrian opposition, has replaced its long-time intelligence chief Prince Bandar bin Sultan, previously described by American officials as “erratic” and “hot headed”, with a prince better suited to mitigating U.S. concerns over Syrian weapons transfers.President Obama has […]
Captain Brown's Rail Fail California Bullet Train Ignites Blue Mutiny
California Lieutenant Governor Gavin Newsom is now the highest-ranking Democrat to rebel against Governor Brown’s high-speed rail boondoggle, and claims to be speaking for legions of mutinous blues. Is another front in the blue civil war fast approaching?
Dissent in Russia All Press Is Not Good Press in Russia
Not even the Olympics slow down Putin from tightening his repressive grip on the Russian press. The broadcaster Ekho Moskvy (Echo Moscow), considered one of Russia’s last remaining bastions of journalistic independence, has had its longtime director Yuri Fedutinov replaced by an editor from the state-run media Voice of Russia.