Commentaries

Afghanistan Quagmire

Afghanistan is beginning to look like a quagmire rather than a victory, with echoes of the confusion and uncertainty and persistent bloodshedding of Vietnam.
Despite vastly improved reconnaissance technology in the subsequent forty years, President George W. Bush, in his long-anticipated speech before the United Nations, was unable to present any clear proof that Iraq currently has weapons of mass destruction
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.
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