Not only are Turkey and Syria on the outs, but Iran is threatening Turkey.
Turkey Not Only Sanctions, But Threatens, Syria
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Labor, Trade, & Finance
Brazil and Colombia: An Unexpected Alliance
“When they ask me, ‘What do you want to be when you’re big,’ I respond, ‘I want to be like Lula.’” The statement was not voiced by a progressive president of the region but by the most conservative of all: Juan Manuel Santos.
Occupy Foreign Affairs
When Foreign Affairs puts inequality on its cover – and hosts a debate on the topic at the tony offices of the Council on Foreign Relations – the Occupy Wall Street movement has achieved a major victory that eclipses even the generally favorable coverage in liberal bastions such as The New York Times, The New York Review of Books, and The New Yorker. It’s also a sign that a profound anxiety gnaws at the foreign policy elite in this country. The question is: why are foreign policy mandarins suddenly so fretful? Or, put another way, why does Foreign Affairs want its readers to take this issue so seriously?
America Is Not Broke
This report challenges the premise that America is broke. In fact, we argue that the current fiscal challenge poses an opportunity to harness our ample but misdirected resources in ways that will make the country stronger.
The Modern Gold Rush
In September of this year, the price of gold reached a record high, breaking $1,900 per ounce for the first time in history. This unprecedented spike in gold prices has come in the midst of the U.S. debt crisis and the financial turmoil sweeping over Europe. Although prices have tempered since then, hovering around $1,650 per ounce in October, the overall price of gold has more than quintupled over the past decade.
Occupy APEC with Aloha
“The time has come for us to voice our rage,” the Hawaiian artist Makana sang as he gently strummed his slack-key guitar. “Against the ones who’ve trapped us in a cage, to steal from us the value of our wage.”
Makana wasn’t serenading the Occupy movement; rather his audience included over a dozen of the world’s most powerful leaders, including President Obama and China’s Premier Hu Jintao, at the world’s most secure, policed, and fortified event: the Asia Pacific Economic Cooperation (APEC) dinner in Hawaii.
China’s Looming Economic Crisis
China’s economy has been growing at a phenomenal pace in recent decades, averaging around 10 percent a year. Few people seemed to worry, therefore, when the Chinese government announced recently that GDP growth in the third quarter of 2011 slowed to “only” 9.1 percent. Almost any country in the world would envy such growth. Yet beneath the continued robust appearances, there are signs that China is heading toward a crash reminiscent of the one that brought down the U.S. economy during 2007-2008.
The Puzzling Persistence of APEC
The Asia Pacific Economic Cooperation has just concluded its annual summit in Honolulu, once President Obama’s home turf. It will probably be most remembered for the traffic jams it created in the Waikiki Beach area, to the consternation of residents and tourists alike. APEC’s continuing existence is a puzzle to many, for APEC’s record of irrelevance is rivaled by few other international forums.
Is Europe Over?
Europe has always been a rather tenuous concept. A rump continent, Europe represented the barbarous hinterlands for the Greeks and Romans. The first use of the term “European” occurred in a chronicle describing the forces of Charles the Hammer that turned back the northward advance of Islam at the battle of Tours in 732. Long celebrated in Europe as a victory of civilization over barbarism, the Battle of Tours was, as historian David Levering Lewis reminds us in God’s Crucible actually the opposite: “the victory of Charles the Hammer must be seen as greatly contributing to the creation of an economically retarded, balkanized, fratricidal Europe that, in defining itself in opposition to Islam made virtues out of religious persecution, cultural particularism, and hereditary aristocracy.”
War: The Wrong Jobs Program
Our country’s existing jobs program goes by many names: The Permanent War Economy, Military Keynesianism, The Iron Triangle, Perpetual War. The real question it raises is not whether the government should spend. It is whether the government has been spending well.