United States
Executive Pay Debate Raging in Europe and the United States
European business leaders have traditionally taken home far less compensation than their American counterparts. But European executive compensation has been rising, and these pay increases have citizens in European nations deeply concerned. In fact, public outrage on both sides of the Atlantic has contributed to an unprecedented political debate over what to do about excessive executive pay.
Going from Hawk to Dove
The United States is more hawk than dove and heading toward vulture status, according to the recently launched Global Peace Index (GPI) ranking of 121 countries. Finishing up far back in the pack at No. 96, the United States was deemed less peaceful than Yemen, Cambodia, and Serbia. In particular, America won demerits for the number of prison inmates, size of military, and overseas troop deployments.
The Elephants of Missile Defense
In Albania, nearing the end of his six-nation tour of Europe, President George W. Bush hopped out of his limo to have his head rubbed and his cheeks kissed by an adoring crowd in what The New York Times called a “virtual mosh pit” of enthusiasm.
Surely, he was delighted and relieved to be warmly welcomed in the mostly Muslim nation. It was a tough week in Europe: the president endured long meetings, pointed criticisms, huge protests, and an upset stomach that took him out of some of the Group of Eight Summit meetings.
U.S. Blocks Israel-Syria Talks
Even as American officials reluctantly agreed last month to include Syrian representatives in multiparty talks on Iraqi security issues, the Bush administration continues to block Israel from resuming negotiations with Syria over its security concerns. In 2003, President Bashar al-Assad offered to resume peace talks with Israel where they had left off three years earlier, but Israel, backed by the Bush administration, refused. Assad eventually agreed to reenter peace negotiations without preconditions, but even these overtures were rejected.
The Frankenstein Alliance
If you read U.S. newspapers through a security lens, you might get the impression that Washington is well on its way to containing China economically, politically and militarily. China is portrayed in the media as America’s enemy of choice: the 2006 Quadrennial Defense Report states explicitly that “of the major and emerging powers, China has the greatest potential to compete militarily with the United States and field disruptive military technologies that could over time offset traditional U.S. military advantages absent U.S. counter-strategies.”
The Vishnu Strategy
“The Supreme Lord said: I am death, the mighty destroyer of the world, out to destroy.” According to the great Hindu text Bhagavad-Gita, Vishnu delivered that speech to Prince Arjuna before a great battle almost eight millennia ago. Physicist Robert Oppenheimer paraphrased it in 1945 to describe the explosion of the atomic bomb. The latest channeling of the Hindu god can be found in an Israeli commander’s evaluation of last summer’s war with Lebanon: “What we did was insane and monstrous, we covered entire towns in cluster bombs.”
Strategic Partnership or Strategic Competition
As part of our China Focus, we asked two leading scholars to reflect on the tensions and possibilities in U.S.-China relations. Bonnie Glaser is a senior associate at the Center for Strategic and International Studies. James Nolt is a senior fellow at the World Policy Institute. We asked them first about the potential for a strategic security partnership between the United States and China, then about their economic relationship.
Iraq, Elections, and the Costs of War
For the first time in recent history, a foreign policy issue is at the top of the electorate’s mind as they head to the polls. Clearly the Iraq War loomed over the mid-term elections before October rolled around, but with the U.S. death toll reaching its highest mark since November 2004, reports arguing the Iraqi death toll now tops 655,000, new estimates on the cost of the war reaching 1 trillion dollars, and Bush’s PR team quickly putting window dressing on his vow to “stay the course”, the elections are being called a referendum on Iraq.
Chain-Gang Economics
ÂThe world is investing too little, according to one prominent economist. ÂThe current situation has its roots in a series of crises over the last decade that were caused by excessive investment, such as the Japanese asset bubble, the crises in Emerging Asia and Latin America, and most recently, the IT bubble. Investment has fallen off sharply since, with only very cautious recovery.Â