In The News

Crumbling Stability

Anke Bryson September 5, 2003
In 2003 Germany will violate the Maastricht "Stability and Growth Pact" for the third consecutive year, but this time the government isn't even sending an apology. Originally championed by Germany itself to check fiscal irresponsibility of smaller members, the pact stipulates that budget deficits may not exceed 3% per year in any of the Euro-Area countries. Now, however, the...

Brussels Blocks Austrian Attempt to Create GM-Free Zone

Andrew Osborn September 3, 2003
A movement against genetically-modified crops in Europe appears to be no match for the powerful US biotechnology lobby. The European Union, bowing to pressure from the US representatives to the World Trade Organization, is well on its way to lifting its 5-year old moratorium on GM crop approvals. The latest battle was won by pro-GM forces this week when the EU Commission told Upper Austria that...

Think Again: The United Nations

Madeleine K. Albright September 2, 2003
Is the United Nations really horribly bureaucratic, ineffective, undemocratic, and anti-American? Former US Secretary of State Madeleine Albright doesn't think so. In this Foreign Policy article, she argues that even after the recent US-led Iraq War, which failed to garner the support of the UN Security Council, the United Nations retains its position as the preeminent forum for...

How Washington Can be a Hyper-Power and a Hyper-Borrower

Philip Segal September 2, 2003
What kind of a superpower gets into so much debt that it has trouble pushing around countries that it would love to? The American kind, says Philip Segal, Markets and Finance Editor of the Asian Wall Street Journal. China and Japan - two major buyers of US government bonds - could do great damage to the American economy if they decided to stop buying or to suddenly sell their share of the US...

Australia Plays Down Pacific Union

August 14, 2003
A recent report by the Australian Senate suggested that Pacific micro states should move towards political and economic integration, similar to the European Union. Australian Prime Minister John Howard acknowledged that the report made many important points but denies that the Pacific region is ready or willing to relinquish much national sovereignty. "Let's crawl before we walk,...

Timetabling Elections

Jihan El-Alaily August 12, 2003
The UN’s senior political advisor on Iraq, Ghassan Salame, is supportive of Iraq’s Interim Governing Council (IGC) and optimistic about US efforts to establish a democracy in the country. In an interview with the prominent Egyptian weekly, Al-Ahram, Salame admonishes Arab nations that criticize the US run interim government, saying they should not pass judgment without "first hand knowledge...

New Activism by African Nations: Joining Forces to Solve Disputes

Marc Lacey August 12, 2003
Charles Taylor resigned the presidency of Liberia yesterday in front of leaders from Nigeria, South Africa, and Ghana. The president of Ghana announced the terms of Taylor's succession, while troops from Nigeria and South Africa stood guard in the city of Monrovia to ensure that the civil war had truly come to a close. Once, says this article in the New York Times, African nations would...