Issues / Labor, Trade, & Finance

Despite the IMF's reformist rhetoric about "bailing in" foreign investors and distributing adjustment costs more equitably, there is nothing novel about the new IMF standby credit. It is once again about bailing out banks and bondholders.

Random Realism

Most liberal commentators seemed to agree that Bush was merely the paperback edition of an American president.
Russia's former republics have fixed borders, but Russia's conception of its own southern frontier appears to remain undefined. After a casual meeting with the presidents of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan in Aktau, Kazakhstan on July 6
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