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    Currency Misdirection from Beijing

    A paper by Chinese central bank chief Zhou Xiaochuan — arguing the world should move off the dollar system — has attracted much attention. Like so many economic stories involving the PRC, there is less here than meets the eye. It is hardly a new thought. Beijing has wistfully imagined … More

    And Now, It’s France’s Turn

    President Obama’s administration just can’t leave well enough alone. First, it couldn’t manage to be respectful to Gordon Brown, the Prime Minister of Great Britain, during his visit. When a State Department official responsible for planning the visit was questioned about this by the Sunday Telegraph, the official’s response was: … More

    The G-20 Summit Expectations Game

    Three weeks ago, Washington and the world were contemplating British Prime Minister Gordon Brown’s ‘Global New Deal,’ and expectations were rising that the G-20 summit in London on April 2 would produce a comprehensive, job-destroying deal on global financial regulations. But inflated expectations always burst – ask the Obama administration … More

    Will Only Radicals Get A Look-In at the G-20 Summit?

    It’s almost tempting to pity the world leaders who will arrive in London in a week for the G-20 summit. First, they have agreed to face questions from bloggers selected by G20 Voice, a creation of a relentlessly left-wing collection of NGOs, including Oxfam, Save the Children, and Blue State … More

    That Pesky Reset Button

    The media and pundits alike have skewered the Clinton State Department for giving Russian Foreign Minister Sergei Lavrov a prop “reset button” when Secretary Clinton met with him in Geneva earlier in the month. Obviously it is a bad idea to reset relations with Russia only weeks into a new … More

    Chávez and the Congressman: Exchanging Tips on “Socialism of the 21st Century?”

    According to an official communiqué issued by the Venezuelan government, Senator [sic] William Delahunt, a “friend of Venezuela,” according to Foreign Minister Nicholas Maduro, found time this week to slip away from Congress and spend two and half hours in closed-door conversations in Caracas with Venezuela’s controversial President Hugo Chávez, … More

    Kremlin Sending Contradictory Signals

    Last week President Dmitry Medvedev met with American foreign policy veterans including former U.S. Secretary of State Henry Kissinger who champion better U.S.-Russian relations, and positively assessed the Obama Administration’s latest moves. Medvedev said resetting the U.S.-Russian relationship should not be limited to words but should extend to practical deeds. … More

    An Elementary Failure of Courtesy

    Rory Cooper has drawn attention to the fact that the DVDs that President Obama gave British Prime Minister Gordon Brown during his visit here earlier this month won’t play in Britain. It’s worse than that: Brown is blind in one eye, and is reported to be suffering vision problems in … More

    Stop This Trade War Before It Starts

    The Washington Post editorializes today: As President Obama and many of his supporters articulated it during the 2008 campaign, the case against President George W. Bush’s foreign policy emphasized his highhanded treatment of countries with which we disagree. Too often going it alone in pursuit of asserted national interests, the … More

    A Russian-Chinese Axis at the G-20?

    Earlier this week, Russia issued a radical call for the eventual replacement of the dollar as an international reserve currency, and its replacement by a new, fiat currency to be created by a global regulator. The prospects for agreement on this at the G-20 summit in April, to put it … More