Stiglitz on Trade War with China: “We have a demagogue who’s a president”  

Speaking to the South China Morning Post on the sidelines of the China Institute Executive Summit in New York, the Nobel Prize-winning economist and Columbia University professor said: “We have a demagogue who’s a president.” Trump, for political reasons, is trying to reverse a 70-year process of international agreements that have created an industrial chain “where borders […]

Smart Move: Why Germany Didn’t Join the Syria Strikes

Former German Defense Minister Karl-Theodor zu Guttenberg has mockingly remarked that the German government’s decision to back the U.S., British and French strikes in Syria with rhetoric but not with missiles “has shown once again that it’s a grandmaster of dialectics.” U.S. President Donald Trump may snort in agreement. But Chancellor Angela Merkel’s Hegelian approach to geopolitics makes more […]

Iran financial crisis: rials drops -33% against the US dollar in six months

Tehran: Confused and frustrated Iranians flocked to exchange offices on Tuesday after the government fixed a new rate for the dollar, only to find there were none to buy. On Ferdowsi Street in central Tehran, home to dozens of banks and currency exchanges, many had hoped to find much cheaper dollars than the day before. […]

Global hedge fund industry outlook for 2018

The hedge fund industry had an exhilarating ride in 2017, rebounding after a rocky performance in 2015-16, according to the latest survey of the global hedge fund industry conducted by Barclays’ Capital Solutions team. Both returns and flows registered positive numbers last year, and investors appear optimistic for 2018 as well. Open accessibility panel / […]

A New AI “Journalist” Is Rewriting the News to Remove Bias

Want your news delivered with the icy indifference of a literal robot? You might want to bookmark the newly launched site Knowhere News. Knowhere is a startup that combines machine learning technologies and human journalists to deliver the facts on popular news stories. Here’s how it works. First, the site’s artificial intelligence (AI) chooses a story […]

Hayden (ex director CIA & NSA): A World Both Dangerous and More Complicated

“The world has been more dangerous, but it has never been more complicated.” These were the words Michael Hayden, former director of both CIA and NSA, used to launch the 2018 Threat Report at The Cipher Brief’s Annual Threat Conference in Sea Island, Ga., on Sunday. Hayden first prefaced the discussion with a few long-term […]

Focus on actual USA – Russia relations, not the hysteria of Russia-gate

Editor’s Note:Trump supporters have tried to delegitimize Special Counsel Robert Mueller’s necessary investigation for crassly partisan purposes, writes James Kirchick. But it’s also true that Trump’s opponents, eagerly taking reports of each new crumb of circumstantial corroboration as ironclad proof of collusion, are rapidly delegitimizing the presidency, our government, and democratic processes. This piece originally […]

China downgrades Treasuries. Global markets ignore US debt risks

China’s surging global influence is like the rising tide: barely noticeable but steady. However, once it reaches fundamental structures, such as US Treasuries, the lynchpin of the financial system, western policy-makers should pay attention. The western view of the rating of Treasuries has been rather benign. The Big Three rating agencies have awarded Treasuries top […]

What the World’s Central Banks Are Saying About Bitcoin

Nine years since the birth of Bitcoin, central banks around the world are increasingly recognizing the potential upsides — and downsides — of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about the growth of the private cryptocurrencies that are grabbing more and […]

Are Israel and Iran Stuck on a Collision Course?

Just last month, the long-simmering Israeli-Iranian conflict came out of the shadows when Iran sent a drone across the Jordanian border into Israel, and Israel retaliated with air strikes on several targets including the Iranian drone operators at a Syrian base in Palmyra, northeast of Damascus. The two sides appear to be on a collision course […]