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Without a residual U.S. presence in the Middle East acting as a restraining influence on Shiite militias, Sunni groups, other foreign powers, leading to an exacerbation of sectarian conflict by the Malliki government, created the conditions for the rise of terrorism. Only in 2015-2016 were the effects of this seen with the breakup of Syria and Iraq, and the millions of refugees making their way to Turkey, Jordan, and Europe, followed by the increase in terrorism in Europe and the U.S.
Linked Articles
Notable & Quotable: Fouad Ajami on the Sunni-Shiite Fight
Wall Street Journal 01/05/2016
Fouad Ajami: A Lawyer Lost in a Region of ThugsWall Street Journal 10/24/2013
With the need to boost growth in India, and slowing growth in China, the prospect of lower cost Iranian oil imports is a bright spot for both countries.
Linked Articles
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
Rupee Throws Oil on India's Subsidy ProblemWall Street Journal 08/21/2013
In taking a second look, economists Stiglitz and Krugman ask if much derided Japan has avoided the worst effects of unemployment that have affected Spain, Italy, Greece, and France in the eurozone, and for the the long term unemployed in the U.S. And in doing so also avoided the widening income and wealth gaps opened up in the other industrialized countries.
Linked Articles
New York Times 10/30/2014
Japan Is a Model Not a Cautionary TaleNew York Times 06/09/2013
Linked Articles
Woodward: It Isn’t Watergate, but It Is Nixonian
Wall Street Journal 05/19/2013
Benghazi Attack Called Avoidable in Senate ReportNew York Times 01/15/2014
Declan Walsh and Tim rango provide aunique insight into the lives of common people in two regions of Asia and the Middle East. A century after the European powers invested in railway lines connecting all parts of the Middle East from Turkey to Iraq and Syria, and connecting all parts of South Asia from the Afghan border to Ceylon, two reporters of the NYT visit the railways in both regions showing the prevailing state of affairs. In Iraq decades of wars and conflict have reduced the railways to a crumbling condition. In South Asia mismanagement, cronyism, corruption has led to disinvestment in Pakistan Railways and inflicted similiar damage to the rail network. Through rail one can see into the life of common people in these regions. What one sees shows that five decades after the colonial powers left this region, the educated elites, the political parties, the military, the religious leaders, have all failed the common people of their homeland.
Linked Articles
A Train Ride Through Time: From Iraq’s Checkered Past Into an Uncertain Future
New York Times 10/18/2014
In a Journey on a Crumbling Railway, a Picture of a Nationâs TroublesNew York Times 05/18/2013
Bolivia's socialist government of Evo Morales has taken a different approach by reducing subsidies and increasing gasoline prices to about $2.00 a gallon in 2013. Salaries of governent workers was also increased by 20% in 2013, and additional 10% added to price of locally produced grain and corn, in policy actions. Morales cited as a reason the $150 million in smuggling to neighboring countries of the $660 million in gasoline imports, wasting a significant part of the $380 million annual state gasoline subsidy which could be used for infrastructure. In Venezuela both opposing candidates for president Maduro and Capriles supported the state subsidy for gasoline that is exceptional among developing countries, and at a time when Venezuela is short of foreign currency for other imports.
Linked Articles
Almost-Free Gas Comes at a High Cost
Wall Street Journal 04/12/2013
Turnabout in Bolivia as Economy Rises From InstabilityNew York Times 02/16/2014
The opportunities presented by a rapidly changing Middle East are being observed by perceptive Israeli observers after decades of conflict. By defusing tensions and involving public opinion in the Middle East it provides a more lasting agreement han can be reached with individual leaders in the Middle East. It also returns to the focus to widely shared benefits of economic development of the people in the region and improvements in education, infrastructure and economic opportunity. Old ideas of secuirty are supplemented by new ideas of security.
Linked Articles
New York Times 01/01/2014
The Old Peace Is Dead, but a New Peace Is PossibleNew York Times 03/12/2013
Led by China, and with founding members India, S. Korea, Britain, Australia, France, Germany and Italy, the Asian Infrastructure Investment Bank is intended to provide much needed financing for infrastructure in Asia. Huge bottlenecks for development exist in Asia's developing countries, including India, Indonesia, Pakistan, Bangladesh, Vietnam, Philippines, which can only be tackled through innovative methods of financing. China which has moved ahead in infrastructure development is providing the leadership for this bank. Experts say Europe is right to join, and the U.S. should have supported the idea at the early stage.
Linked Articles
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
Hot Topic in Moscow Talks: How to Fund InfrastructureWall Street Journal 02/14/2013
Can Greece live up to its euro currency responsibilities, is the question raised inside the eurozone, as Greece renews its commitment to reforms to build a modern economy. A look back at politicians who emphasized euro currency responsibilities and the candid remarks by Tsipras in an intervew with Bret Stephens of the WSJ.
Linked Articles
The Politicians Who Warned Greece—but Were Ignored
Wall Street Journal 07/11/2015
Stephens: The Conscience of a RadicalWall Street Journal 01/28/2013
Linked Articles
China's Bid for Shale-Gas Riches in Doubt
Wall Street Journal 01/24/2013
Shell CEO Scripts a Leading Role for GasWall Street Journal 01/16/2013
India's Supreme Court confirms in August 2014 an earlier report by the Auditor General about improper allocation of coal licenses under the Congress party administration of former prime minister Manmohan Singh. Because this is in a strategic sector of energy where India has fallen behind it has many implications for declining economic growth.
Linked Articles
India Allocated Coal Fields to Private Companies Illegally, Top Court Rules
New York Times 08/25/2014
India’s chief auditor leads battle against corruption - The Washington PostWashington Post 12/28/2012
Higher economic growth of about 3% for 2014-2017 and the phasing out of spending to counter the effects of the severe recession of 2008-2010, have helped the U.S. stabilize debt levels and reduce deficits. After 2018 the long range projections show debt to GDP climbing to reach 79% in 2024.
Linked Articles
CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
That Terrible TrillionNew York Times 12/16/2012
Linked Articles
Yellenâs Path From Liberal Theorist to Fed Voice for Jobs
New York Times 10/09/2013
A Fed Bank President's Idea Comes to LifeWall Street Journal 12/13/2012
Linked Articles
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
The Great Stagnation in American EducationNew York Times 09/07/2013
Orlik and the editors of the WSJ point to the broken link between GDP growth and credit expansion. The IMF warns of increasing credit expansion. Stalling productivity growth and waste means every dollar of investment is bringing in less GDP growth. Stiglitz and Sen point out the need for improving other indicators such as healthcare, education and the environment as an overall guage of progress not just GDP growth. The new Chinese leadership is aware of the need for rebalance the economy towards consumer spending. Moves to reduce healthcare costs form the first efforts in this direction. Search terms "Orlik," "rebalancing."
Linked Articles
Wall Street Journal 07/01/2013
China's Silver Linings PlaybookWall Street Journal 06/24/2013
The particular need to help the elderly in an aging population for China. The elderly suffer most from the need to set aside a large portion of savings for healthcare costs (Orlik).
Linked Articles
Politics Is a Bitter Pill for Glaxo
Wall Street Journal 07/25/2013
Aging Chinese Face a Bleak PictureWall Street Journal 05/31/2013
A new dynamic is taking hold in South Asia even as Indian officials remain skeptical. China's prime minister Li Keqiang visits India with a trade delegaton and sees trade reaching $100 billion a year between the two countries and growing rapidly. Pakistan's military and civilian leaders also see the urgency for modernizing the economy and building infrastructure as Pakistan begins to catchup with its neighbors in Asia.
Linked Articles
Pakistan army chief meets incoming prime minister in ‘good omen’ - The Washington Post
Washington Post 05/20/2013
In a Journey on a Crumbling Railway, a Picture of a Nationâs TroublesNew York Times 05/18/2013
Linked Articles
Small Businesses Anticipate Breakout Year Ahead
Wall Street Journal 01/01/2014
Uncertainty Is the Enemy of RecoveryWall Street Journal 04/28/2013
The old perceptions of the foreign policy establishment and the defense department and the new perceptions at Israeli newspaper Haartez, on the way forward for peace and economic progress in the Middle East. Out of the rubble of failed policies, lack of far sighted leadership, and the failures of Middle Eastern elites and leaders, must arise a right way forward.
Linked Articles
U.S. Officials Fear Losing an Eager Ally in the Egyptian Military
New York Times 08/16/2013
The Old Peace Is Dead, but a New Peace Is PossibleNew York Times 03/12/2013
A central banker, former economy minister, who led Russia's changes for entry into the World Trade Organization, and policies to stabilize the ruble and Russia's economy during the emerging markets crisis of 2014.
Linked Articles
Putin Taps Pro-Market Economist as Banker
Wall Street Journal 03/12/2013
Russia Prepared to Let Ruble SlideWall Street Journal 01/30/2014
Linked Articles
Former Defense Chief Panetta Criticizes Obama in New Memoir
Wall Street Journal 10/07/2014
Senate Panel Examines Benghazi AttackNew York Times 02/07/2013
China will continue to propel global demand growth and be a major factor, with additional growth coming from India, Russia and the Middle East.
Linked Articles
Wall Street Journal 01/16/2013
Shell CEO Scripts a Leading Role for GasWall Street Journal 01/16/2013
Jerry Brown's father, Edmund Brown, was Governor of California in the 1960's when he helped build the UC and Cal State university system into a beacon for other states. The state's higher education system became a gateway into the U.S. middle class and powered the state's tech industry.
Linked Articles
Brown Looks at Reshaping Californiaâs Higher Education
New York Times 01/28/2013
State’s Rare Sight: A Budget SurplusWall Street Journal 01/10/2013
Linked Articles
Wall Street Journal 01/16/2013
Indian City Overwhelmed by Air Pollution â New Delhi JournalNew York Times 12/26/2012
Linked Articles
A Federal Reserve That Is Focused on the Value of Clarity
New York Times 12/13/2012
Vote Challenges Japan's Central BankWall Street Journal 12/13/2012
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