China Marks a Reform Milestone

Buried in the maelstrom surrounding the terrorist attacks in Paris, International Monetary Fund staffers recommended on Friday that the Chinese renminbi join the IMF’s Special Drawing Rights basket of currencies. There are two requirements for a currency to be accepted into this elite echelon: it must be, in the words of IMF director Christine Lagarde, widely used and freely usable. […]

Read more

Terror in the Sinai?

On Saturday, Kogalymavia Flight 9268 crashed shortly after takeoff over the Sinai Peninsula, killing all 224 people on board. The flight departed from Sharm el-Sheikh airport, in Egypt’s restive Sinai Peninsula, and its intended destination was St. Petersburg, Russia. Although Egyptian civil aviation authorities initially resisted connecting the crash to terrorists, today U.S. intelligence agencies apparently are now investigating the […]

Read more

The Major Scandal Nobody is Talking About

Critics of the Obama Administration are currently preoccupied with a handful of issues where they claim Obama is ceding international leadership to other entities: the Iran talks, Ukraine, and Syria. However, whatever criticisms might be levied on those issues pale in comparison to a major scandal that has unfurled over the past two weeks, one that has largely avoided the […]

Read more

Greece Staves Off a Crisis…For Now

After weeks of tense, acrimonious negotiations, the Eurogroup of European finance ministers and the government of Greece hashed out an agreement to extend the troubled southern European’s bailout program by six months. In broad terms, the agreement allows Greece to access an additional $273 billion from its bailout, but only after certain conditions set by the Eurogroup are met. Greece […]

Read more

How Greece’s Debt Crisis Could Collide with the War in Ukraine

The landslide election victory for the far-left SYRIZA in January’s Greek elections has led to fear in many European capitals that Greece could move into Russia’s orbit. The current and most pressing issue for Greece is whether or not its government and the European Union will agree to an extension of the fiscally troubled nation’s $273 billion bailout. The present […]

Read more
1 2