What Dubai Means for the U.S.
November 27, 2009
Traders are racing to figure out what the default by Dubai World Group on $60 billion of debt means for their portfolios and the global economy. Dubai World is a conglomerate with large holdings of commercial real estate and ports across the globe, among other assets. The government of Dubai, one of seven states that form the United Arab Emirates, owns 100 percent of the company, but has no obligation to back its debt. At this point, I see four potential consequences for the United States: 1.) A stronger dollar and lower interest rates.
Is Russia Finally Getting Serious About Iran?
November 24, 2009
In recent weeks, Barack Obama's foreign policy has been derided by critics who say he has almost nothing to show for his first 10 months in office. But on one of his most important priorities--stopping Iran's relentless march towards a nuclear weapon--he may be quietly reaping a critical diplomatic turnaround: Russia may finally be getting serious about Iran's nuclear program. That would be great news for Obama. In recent weeks Iran has shown little sign of cutting a good-faith deal with the West to freeze its nuclear program.
Losing the Democracies: Obama's Heart is With the Hooligans
November 24, 2009
At least, that's what many of our old and deeply democratic friends seem to feel. Now, it's hard to accept that the president of the United States would actually make that choice. He probably feels--but how do I really know? I actually don't--that the hooligans and especially the hooligans who produce our oil and the hooligans who buy our products are the folk we need court more than our historic allies. After all, what else can they do but stick with us? Tough darts! Obama's initiatives up to now--with Turkey, Saudi Arabia, Egypt, Russia, China--have been failures.
The Accelerating Decline Of Europe
November 23, 2009
There were two high points in the career of Tony Blair.
Washington Diarist: Unmending Wall
November 19, 2009
The absence of Barack Obama from Berlin on the anniversary of the fall of the Berlin wall may be explained in many ways, and one of the explanations may be his view of the world. He is kein Berliner. No, he is not soft on communism, not least because there is no longer any communism, at least of the classical kind, to be soft on. In the video message that was broadcast to the commemoration--it allowed him once again to have the stage to himself, and to describe his own election as a climactic event in “human destiny”--Obama spoke all the right words for all the right sentiments.
Russia Upset With Holbrooke Over Afghan Drug Policy
November 18, 2009
An tricky difference of opinion on how to deal with Afghanistan's massive opium trade: The U.S. does not want to address the problem of drug production in Afghanistan, said Russia's anti-narcotics chief after talks with U.S. Special Envoy for AfPak Richard Holbrooke. "My meeting with Holbrooke unfortunately confirmed our fears that they are not prepared to destroy the production of drugs in Afghanistan," Viktor Ivanov, head of the Federal Narcotics Control Service, told Russian journalists on Tuesday, hours after Mr. Holbrooke left Moscow for Kabul after one-day consultations. Mr.
November 09, 2009
Monday marks the twentieth anniversary of the fall of the Berlin Wall. It is worth pausing to recall just how momentous, and unanticipated, this event and those that followed were. My students today have no memory of the cold war; to them, Prague and Budapest, just like Paris and Madrid, are simply places to visit or study in Europe.
October 27, 2009
After years of stalemate, negotiations over Iran's controversial nuclear development program seemed to progress last week when an Iranian delegation in Vienna agreed to the export and modification of its low-enriched uranium. The resulting optimism did not last. Officials in Tehran demurred, insisting that they needed more time to study the proposal and could not meet Friday's deadline to ratify the agreement. While Iran's stonewalling came as a disappointment to the United States, it did not come as a surprise.
October 26, 2009
Americans are used to presidential candidates promising to get tough on China only to turn tail once they are in office. Could the same be true of German Chancellor’s promises to get tough with Russia? The Financial Times has an extraordinary report on “The New Ostpolitik,” between Germany and Russia. When German Chancellor Angela Merkel first ran four years ago, she was highly critical of former Chancellor Gerhard Schroeder’s warm relationship with the Russians. Indeed, after leaving office, Schroeder became the chairman of Nord Stream, which is owned by the Russian firm, Gazprom, and is deve
No, not Dwight Eisenhower (and his secretary of state, John Foster Dulles), who thought of his Arabs as the Egyptians. Frankly, in 1956, nobody thought of Palestinians, including especially the Palestinians. And, no, not even Jimmy Carter, who, while now especially entranced with the Palestinians, including Hamas, was beginning his macabre infatuation with Hafez Assad. Then there was George Herbert Walker Bush and his sidekick James Baker, who didn't much like the Jews but wanted especially to please the Saudis. The U.S.