In The News

2008: Year of Reckoning?

Ernesto Zedillo December 21, 2007
Economists debate whether huge global imbalances are dangerous or matter of course. But a specific financial tool as simple as home loans in the US has revealed the intricate ties linking global financial markets, resulting in “the credit-crunch drama,” explains Ernesto Zedillo, director of the Yale Center for the Study of Globalization. Recklessness in the sub-prime mortgage market has also...

The Atlantic Becomes a Little Wider

Richard Haass December 21, 2007
Some analysts suggest that recent elections in Europe, combined with the 2008 presidential race promising new leadership for the US, will improve transatlantic relations. Think again, warns Richard Haass, president of the Council of Foreign Affairs, in an opinion essay for the Financial Times. Stable alliances require a measure of predictability, and Haass writes that “The 21st-century world is...

A Hawkeyed Addition to Canada's Arctic Arsenal

Paul Taylor December 11, 2007
A Canadian satellite – Radarsat-2 – will monitor the Arctic and Antarctic and help defend Canada’s territorial claims in the Arctic, reports Paul Taylor in the Globe & Mail. Canada has had a similar satellite in orbit since 1995, which monitors the progress of melting polar ice, oil spills and agricultural growth. Research based on the satellite’s images contributed to Canada becoming a...

Why Iran Didn't Cross the Nuclear Weapon Road

Dilip Hiro December 11, 2007
A US national intelligence estimate – a consensus of 16 intelligence agencies – recently concluded that Iran discontinued its nuclear-weapons program due to “international pressure.” Author and Middle East analyst Dilip Hiro examines the chronology of events and argues that Iran started and ended its nuclear-weapons program for one reason: the rise and fall of Saddam Hussein in neighboring Iraq....

Subsidies' Harvest of Misery

Jimmy Carter December 10, 2007
A US bill passed during the 1930s Great Depression – paying farmers for crops not grown – no longer makes sense. Instead, current US farm programs hurt the poorest people in the world and small farmers in the US, encouraging “excess production while channeling enormous government payments to the biggest producers,” argues former President Jimmy Carter in an opinion essay for the Washington Post...

The “China Honeymoon” Is Over

David Shambaugh December 7, 2007
Foreign investors in any land are put off by any trade and investment practices that discriminate against them. Protectionist practices in China include a lack of respect for intellectual property and market barriers. Changes in political leadership and concern over outsourcing jobs throughout Europe combined with ongoing reports of human-rights violations in the Chinese workplace have strained...

The Costs of Containing Iran

Vali Nasr December 5, 2007
A US intelligence report published December 3 concludes that Iran abandoned its nuclear weapons program in 2003. The report from 16 US intelligence agencies could slow an aggressive policy on Iran from the Bush administration. The US has failed to build a US-Israeli-Sunni alliance against Tehran – and also fails to recognize that, even if possible, such an alliance would further inflame...