In his book The Wealth of Nations, Adam Smith explained that under tyrannical and monarchical rule, property rights are always at imminent risk of infringement – and people will usually hide their wealth. In case of emergency, they can immediately transfer their holdings to another safe haven.
Israel’s Defense Minister Moshe Ya’alon is known for his blunt manner, and in an interview with NPR, he says that a future map of the Middle East will look very different that the one that exists today.
The borders of many Arab states were drawn up by Westerners a century ago and wars in recent [...]
“Xu said that some young military leaders may have been influenced by these ideas, and warned that they could cause a split within the army.”
The Central Military Commission (CMC) warned on Wednesday that ideological struggles within the People’s Liberation Army (PLA) are “acute and complicated,” and called for the military to remain loyal to [...]
Russia had the chance at the end of the Cold War to build a modern, diversified economy, with the enthusiastic help of the West. That chance has been squandered
Lukoil warns that Russia could ultimately lose a quarter of its oil output if the sanctions drag for another two or three years.
The IMF’s [...]
A Vietnamese fishing boat captain said his vessel was attacked this month by the crew of a Chinese law enforcement ship near the disputed Paracel islands, risking a fresh escalation in tensions in the South China Sea.
The Vietnamese were threatened with guns and batons on Oct. 14 after they were chased by Chinese surveillance [...]
Gordon Chang, author of “The Coming Collapse of China,” has been covering the region for almost two decades. According to him, a China-Russia alliance is America’s No. 1 foreign policy challenge. “The United States has not had to confront two peer competitors since the end of World War II, and we have not faced a [...]
The main premise of Diehl’s latest Post op-ed is that Central European leaders, including Vaclav Havel and Lech Walesa, had warned President Obama in 2009 in an Open Letter of Putin’s expansionists ambitions only to be dismissed by some Obama administration officials as “Russophobes.” Diehl points out that [...]
“… the voices coming from top political officials in Jerusalem nevertheless point to a plausible possibility of another war with Hezbollah in the coming months.”
What this means is that the era of Israel’s deterrence in the north is over. Achieved after the Second Lebanon War in 2006, [...]
Since the 2008 financial crisis, economists around the world have been saying that stronger economic growth is just around the corner. As of yet, however, it has failed to materialise.
In August, Stanley Fischer, vice chair of the US Federal Reserve, laid out the predicament that forecasters have faced: “The global recovery has been disappointing”.
Recent reports from the International Monetary Fund have shaken the financial world as crisis rhetoric is moving from whispers to shouts. But are we really headed towards a repeat of 2008? Given the lack of understanding as to the true reasoning behind the most recent crash, it is hard to gauge whether we are headed [...]