In The News

Pyongyang Damps Hope for Nuclear Deal

Anna Fifield February 11, 2005
By announcing that it has already manufactured nuclear weapons and that it would withdraw from multilateral negotiations on its disarmament, North Korea surprised its dialogue partners and the world. The US, Chinese, Russian, Japanese and South Korean governments, as well as foreign policy analysts, are busy trying to figure out what message Pyongyang is trying to deliver. The US State Department...

The Rise of a New Axis?

Leonard S. Spector February 11, 2005
North Korea is at it again. On the eve of a new round of diplomatic talks on its troubling nuclear program, Pyongyang has upped the ante: Announcing that it has already manufactured 'nukes,' the government suddenly suspended its participation in negotiations. This revelation comes in the wake of US reports that North Korea secretly shipped nuclear material to Libya, a shipment which...

A Prescription for Marxism

Kenneth Rogoff February 11, 2005
In an era of free trade and free markets, some wealthy countries may soon be forced to embrace more centralizing, socialistic policies on healthcare. Aging populations are driving the cost of healthcare upwards. Harvard economist Kenneth Rogoff argues that the growing expense of the health sector will call for the introduction of a bit of socialism in rich liberal democracies. He argues that...

A Bitter Dispute Frozen in Time

Justin McCurry February 10, 2005
In the days following Japan's surrender in World War II, the Soviets seized four Japanese islands known as the Northern Territories. Sixty years after the war, the Russians still possess the islands, and Japan wants them back. While Russia is willing to honor a 1956 agreement to return two of the islands, Japanese leaders insist on the return of all four. As the author writes, amid the...

Dealing with a Declining Dollar – Part II

David Dapice February 9, 2005
If today's US budget deficit raises concerns, then tomorrow's projections should sound an alarm, writes economist David Dapice. As the United States descends further and further into debt – by several trillion dollars over the next ten years – the value of US currency will decline. Should a worldwide "run on the dollar" result, shockwaves would resonate throughout the global...

Concern on North Korea Brings US Pressure

David Sanger February 9, 2005
Suspicions about North Korea's possible nuclear materials sales to other nations have prompted diplomatic actions aimed at amplifying Chinese pressure on Kim Jong Il. A US envoy traveled to Beijing, urging the government to join in the effort to force North Korea to abandon its weapons program. China has agreed to cooperate, swayed by the caliber of damning new scientific evidence, but has...

Israel, Palestinians Declare End to Violence

Reuters February 8, 2005
On Tuesday, Israeli Prime Minister Ariel Sharon and newly-elected Palestinian President Mahmoud Abbas declared an end to violence between Israel and Palestine, after meeting at a summit in Egypt. The announcement marks the highest-level meeting since the outbreak of hostilities in 2000. The death of Yasser Arafat and meetings with US Secretary of State Condoleezza Rice are said to have...