In The News

After years of distrust and suspicion, India and Pakistan are discussing the possibility of a joint pipeline, which will bring badly needed gas to western India. Aside from the potential economic benefits to both countries, the project is environmentally safe and most importantly, will encourage the two countries to cooperate more. The problem, however, is that the oil pipeline would originate...

The worsening relations between Japan and its northeast Asian neighbors sank a few notches as demonstrators in China attacked Japanese diplomatic missions and businesses. South Koreans, too, have vented their anger at Japan's attempt to whitewash history. Recently, Japan's Ministry of Education has approved history and civics textbooks for use in schools that are either silent over past...

A significant lobby in Washington is pressuring Beijing to revalue its currency relative to the US dollar, claiming that the artificially low renminbi gives China an unfair competitive advantage. To be sure, Chinese resent the pressure and worry that an appreciation of the renminbi relative to the dollar would raise the price of Chinese goods and curb its dominance of the export market. But in...