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    What Russia Wants from the G-20: The End of the Dollar

    We know what the EU’s leaders want out of April’s meeting of the G-20 in London: lots of regulations to tie down Britain and the U.S. And we have a pretty good sense of what the outcome of the meeting will be: the Europeans will get what they want, and … More

    The Outlines of the G-20 Deal Emerge, And They’re Not Good

    In the run-up to the G-20 summit in London on April 2, a curious division has emerged. On one side stand the U.S. and Britain, both sounding like continental Europeans in their enthusiasm for deficit spending. On the other stand France and Germany, rejecting stimulus packages but eager to impose … More

    The EU’s Insecurity Policy

    For nearly 20 years, the European Union has been gearing up for a “Common Foreign and Security Policy” with the goal of being able to flex some real global muscle.So, Europeans will take care of their own corner of the world instead of waiting around for the U.S. to come … More

    The Unelected, Unaccountable EU and the G20

    Proving the old adage that no crisis should go to waste, the unelected European Commission President, Jose Manuel Barroso, has called for Europe to “speak with one voice” at the G-20 summit to be held in London on April 2. It is reported that Americans and Europeans are at odds … More

    Economic Downturn Triggers Growth of Xenophobia in Russia

    Unemployment and social and economic instability sparked by the ongoing crisis have caused a socio-political fallout in Russia. The share of guest workers is traditionally high in Moscow’s employment patterns, and nowadays many of them have been laid off. The rates of street crime with their participation have spiked, according … More

    The First Shot of an Obama Trade War?

    Last week, with the signing of his pen on the Omnibus Spending Bill, President Barack Obama ended a pilot program designed to allow Mexican trucking companies to ship goods deep inside the United States.  While controversial with some quarters of the American public, the program was necessary to ensure U.S. … More

    China's Banker Blues

    This Saturday the Washington Post reported: Exerting its new influence as the U.S. government’s largest creditor, China yesterday demanded that the Obama administration “guarantee the safety” of its $1 trillion in American bonds as Washington goes further into debt to combat the economic crisis. … China surpassed Japan last year … More

    China, Debt, and Influence

    Speaking at his annual press conference, Chinese Premier Wen Jiabao expressed concern about the outlook for U.S. government debt: “We have made a huge amount of loans to the United States. Of course we are concerned about the safety of our assets. To be honest, I’m a little bit worried. … More

    United Nations says to America: 'You're Deadbeats'

    Yesterday, U.N. Secretary-General Ban Ki-Moon called the United States a “deadbeat” donor to the world body. The White House called these words “unfortunate” and at least rightfully acknowledged the “the contribution that the American taxpayer makes.” However, these words are much more than “unfortunate.” Let’s start with our donor status. … More

    Tough Stance on Trade: Good for Politics, Bad for America

    Catering to a Congress that is largely hostile to international trade, USTR nominee Ron Kirk used his confirmation hearing testimony to assure the Senate Finance Committee that the administration plans to take a tougher stance on trade this year. Instead of focusing the trade agenda on looking for new opportunities … More