Thursday, July 24, 2014
The Bank of England has recently published two articles in its Quarterly Bulletin on “Money in the Modern World” and “How Money is Created” (http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf). The
The downing of a Malaysian airliner over Ukraine has stirred memories of a 1983 incident when a Korean passenger jet was shot down by Soviet fighters in what then U.S. president Ronald Reagan called a mid-air “massacre.”
Just as the U.S. economy is strengthening, other countries are threatening to drag it down.
Wednesday, July 23, 2014
Mr. Paul Reichler, an American attorney and legal adviser on the South China Sea (SCS) arbitration case filed by the Philippines against China on Jan. 22, 2013, was invited to give a talk on July 11 at the fourth South China Sea conference organized by the influential American think tank -- Center for Strategic and International Studies (CSIS).
International support for reform in Myanmar is weakening as authorities in Nay Pyi Taw seem to be losing direction on the path toward the ultimate goal of democracy.
When Pakistani air force jets rained down missiles on a village in the country's violence-wracked northwest last week, it was described as yet another victory over Taliban insurgents in an ongoing military offensive.
Almost exactly 70 years after the signing of the Bretton Woods agreement, five major emerging economies, known collectively as BRICS, have created new institutions that would initially supplement and could eventually replace the World Bank and the International Monetary Fund, which have failed to respond adequately to the needs of a changing world.
Tuesday, July 22, 2014
If Israel and Hamas can agree on one point, it seems, it's that things have to change.
Recently, Indian Prime Minister Narendra Modi came to this tiny kingdom and made a good impression of continued friendship and assistance even though he mistook the host's name as Nepal and Ladakh during his speech in the Parliament. Modi's visit highlighted Bhutan's geostrategic location at the roof of the world. Apart from India, major powers such as China, the U.S. and EU are closely watching.
For years, the publicly adversarial role the Pakistanis took on drones while privately either condoning or even encouraging them was one side of a seemingly intractable problem; the other side being the arrogance of the U.S. when it came to working with Pakistanis, who the American side seemed more interested in brushing off than finding ways to work with to address legitimate Pakistani concerns.