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    It’s Not the Value of the Chinese Currency: The Proof in Charts

    While the U.S. Treasury did not label China as a currency manipulator this week, it did criticize the Chinese authorities for recently intervening in the foreign exchange market. However, the yuan–dollar exchange value has no effect on the U.S.–Chinese bilateral trade balance. This is because a lot has changed in … More

    We Give Foreigners Taxpayer Money to Import Stuff from America. What?

    Is there anything the U.S. government doesn’t take taxpayer dollars to do? Here’s a lesser-known function of your hard-earned money: providing backing for people in other countries to buy things from America. Come again? Yes, that’s right. Let’s say Air China wants to purchase some Boeing jets. To encourage that … More

    Ukraine Takes Action to Quell Russian-Provoked Unrest

    Today, the Ukrainian military began “anti-terror” operations to wrest control of some eastern police stations and government buildings from pro-Russian militants who had seized these installations during the previous week. These militants, along with suspected Russian Special Forces, have stirred up unrest in cities in eastern Ukraine, capturing government buildings … More

    Al-Qaeda: 'Spreading Like Wildfire'

    Last week, a House Foreign Affairs subcommittee held a hearing provocatively titled “Is Al-Qaeda Winning?” The answers that the Subcommittee on Terrorism, Nonproliferation and Trade received were profoundly unsettling. Former Senator Joseph Lieberman (I–Conn.) testified that Syria had become a key focal point of al-Qaeda’s efforts. He noted that there … More

    Is a U.N. Mission to the Central African Republic the Answer?

    The United Nations Security Council on April 10 authorized a U.N. peacekeeping operation for the Central African Republic (CAR) of 10,000 troops and 1,800 police officers called the Multidimensional Integrated Stabilization Mission to CAR (MINUSCA). MINUSCA will replace the current African Union (AU) 6,000 troop Mission to the Central African … More

    Hagel’s Visit to China Showcases Hardening Chinese Line

    As Secretary of Defense Chuck Hagel returns from his visit to China, reporting on the visit has been mixed. Optimists have tended to focus on the visit to China’s new aircraft carrier as an example of a new openness on the part of Beijing. And it is important to recognize … More

    And the Prize for Britain’s Exit from the EU Goes To…

    The Institute of Economic Affairs (IEA) in London awarded its prestigious “Brexit Prize,” a 100,000 euro award for the best plan for a British exit from the European Union (EU), earlier this week. The winner, Iain Mansfield, is the director of trade and investment at the British embassy in the … More

    The U.S. Should Stop Favoring Russia on Nuclear Weapons

    This week marks the 4th anniversary of the New Strategic Arms Reduction Treaty (New START) with Russia. Given the abject failure of this treaty, it seems appropriate that the administration chose this week to release its equally misguided plan for U.S. strategic force structure. Even before the ink on the … More

    Kerry Offers Himself as a Martyr for the Administration's Failed Foreign Policy

    During a recent Senate hearing, Secretary of State John Kerry said he would take the blame for any failures of the Obama Administration’s foreign policy, all the while denying American foreign policy was “spinning out of control.” The administration’s approach to foreign policy—leading from behind—has been an abject failure. It … More

    Author of Russian Reset Admits Policy Is Dead

    President Obama’s former Ambassador to Russia and self-described author of the Russian reset policy Michael McFaul today admitted the obvious: the reset is dead. In a radio interview with the Flint Report in Montana, McFaul stated, “The reset ended, the reset ended a long time ago.” McFaul is correct that … More