Jun 6, 2011

Feud over U.S. debt ceiling risks driving off investors

U.S. politicians are in the thick of a debate that is fascinating, urgent, passionate, stubborn and potentially highly dangerous both for the American economy and for the country’s political reputation and standing in the world. It is a tragic measure of the purblind failure ...

May 26, 2011

Japan: the silent IMF partner

Which of the following often used words is wrong — “Japan’s the world’s third biggest economic power”? Clearly it is the use of the word “power.” In the last week, there has been a major change at the International Monetary Fund with the enforced ...

May 19, 2011

Top vacancy looms in IMF

The International Monetary Fund will be looking for a new managing director sooner than anyone imagined, and in the most bizarrely depressing circumstances. It is imperative that the shareholders of the IMF — its 187 member governments—act as responsibly as any good company to ...

May 16, 2011

Bin Laden bled U.S. of a cool trillion

Osama bin Laden must be laughing from his watery grave. In announcing a new policy of “bleeding America to the point of bankruptcy,” he mockingly declared in a 2004 video that “It is easy for us to provoke and bait. … All that we ...

May 12, 2011

Bin Laden's bizarre death

Osama bin Laden is dead, but the troubling questions continue. It’s far too early to declare an end of the war against terror. Bin Laden was only the ugly face of a hydra-headed terror monster that has been spreading tentacles in Pakistan, Afghanistan, Somalia, ...

May 3, 2011

BRICS without the mortar

Last month’s summit of the BRIC countries, Brazil, Russia, India, China, now renamed BRICS with the addition of South Africa, announced with great fanfare that the group was determined to punch its new muscle on the world economic stage and no longer to be ...

Apr 30, 2011

No time for political games as Japan tries to rise again

Japanese people who have been hit by the triple disasters of earthquake, tsunami and nuclear accident have been — rightly — praised worldwide for their courage and resilience. In many other places, even one such disaster would have triggered widespread looting if not rioting. ...

Apr 19, 2011

More than cocoa at stake in helping out Ivory Coast

Looking at the scenes of bloodshed and looting, and the terrified flight of thousands of people, as Alessane Outtara took over as president, it is hard to imagine that only 25 years ago the Ivory Coast was the sparkling jewel of sub-Saharan Africa. The ...

Apr 3, 2011

Yen for a new global currency

HONG KONG — A growing feeling that the dollar has had its day is still being spoiled by the lack of a ready alternative and by inertia and lack of global political vision or leadership. China’s unwillingness to assume international responsibilities is another important ...