The following is an excerpt from The Reckoning: Debt, Democracy and the Future of American Power, with a forward by Dr. Nouriel Roubini, available in the United States on this week from Palgrave Macmillan and in Europe on 17 May. Moran, a former RGE vice president and geostrategy analyst, is now Director and Editor-in-Chief of […]
Two indications in the news today of the diminishing influence of America on the world, both self-inflicted: a currency agreement between Japan and China, and the slipping of Iraq back toward chaos. I want to look at them both this week, but today, let’s start in the Far East. Multiple reasons lay beneath the decision by China […]
What in God’s name is wrong with the SEC? The Securities and Exchange Commission—spoken of as though it has the power to destroy entire economies with a single question—continues to engage in settlement talks with banks caught red-handed defrauding investors and who know that the $285 million or so they’ll have to pay to the […]
They were, truly, the dog days. Me, living in a shack behind a shack on the Jersey Shore, commuting to the city 80 miles away, deeply regretting my decision three months earlier, upon the collapse of my marriage, to “do what I always wanted to do and get a beach house.” The country, as insular […]
One of the many theories about North Korea which appears to float on thin air (and make no mistake, most of them do) goes something like this: China, the one country with real leverage on crazy Kim and his gulag, loves the status quo. Like that guy in your neighborhood who walks around with the pit bull straining against his leash, the Chinese parade their influence on the Pygmy of Pyongyang, as if to remind the neighborhood that without the strong hand of his masters in Beijing, Kim Jong-il’s steroid fed army of Stalinist zealots would run amok all over East Asia.
From Global Post: How do the Election Results Change US-Japan Relations? NEW YORK — As if Barack Obama doesn’t have enough foreign policy headaches, the United States now faces the prospect of trouble in Asia from a surprising quarter: Japan. For decades, since the post-war U.S. occupation of Japan ended in 1955, successive governments in […]