Reuters blog archive
from The Great Debate:
America -- proudly dubbed the “indispensable nation” by its national-security managers -- is now the entangled nation enmeshed in conflicts across the globe.
President Barack Obama, scorned by his Republican critics as an “isolationist” who wants to “withdraw from the world,” is waging the longest war in U.S. history in Afghanistan, boasts of toppling the Muammar Gaddafi regime in Libya, launches airstrikes in Iraq and Syria against Islamic State and picks targets for drones to attack in as many as eight countries, while dispatching planes to the Russian border in reaction to its machinations in Ukraine, and a fleet to the South China Sea as the conflict over control of islands and waters escalates between China and its neighbors.
The indispensable nation is permanently engaged across the globe. But endless war undermines the Constitution. Democracy requires openness; war justifies secrecy. Democracy forces attention be paid to the common welfare; war demands attention and resources be spent on distant conflicts. Democracy involves forging coalitions to get action in the Congress; war is waged on executive order. The Constitution restrains the executive in times of peace; constitutional strictures are trampled in times of war.
When the founders wrote the Constitution, they worried about the tendency of kings, or presidents, to make war for personal aggrandizement or national glory. So they gave Congress the power to declare war, intent on “clogging, not facilitating” the rush to war. For the Republic, peace would be the normal state of affairs. War was a disruption -- entered into only with prior debate and consideration by Congress, the elected body whose members best reflected the attitudes of their constituents.
from Global Investing:
(Corrects to say EI Sturdza is UK investment firm, not Swiss)
Commerzbank analyst Simon Quijano-Evans recently analysed credit ratings for emerging market countries and concluded that there is a strong tendency to "under-rate" emerging economies - that is they are generally rated lower than developed market "equals" that have similar profiles of debt, investment or reform. The reason, according to Quijano-Evans, is that ratings assessments tend to be "blurred by political risk which is difficult to quantify and is usually higher in the developing world compared with richer peers.
However there are some efforts to measure political risks, and unfortunately for emerging economies, some of those metrics seem to indicate that such risk is on the rise. Risk consultancy Maplecroft which compiles a civil unrest index (CUI), says street protests, ethnic violence and labour unrest are factors that have increased chances of business disruption in emerging markets by 20 percent over the past three months. Such unrest as in Hong Kong recently, can be sudden, causing headaches for business and denting economic growth, Maplecroft says. Hong Kong where mass pro-democracy protests in the city-state's central business district which shuttered big banks and triggered a 7 percent stock market plunge last month.
from Ian Bremmer:
In 1997, Britain returned Hong Kong to China after some 150 years of colonial rule. In exchange, China agreed to a set of principles: Hong Kong would maintain its capitalist system for half a century, by which point its chief executive and members of the legislature would be elected by universal suffrage. As the thinking went, “one country, two systems” would suffice in the interim; Hong Kong and the Mainland would surely converge on democracy in the half-century to come.
Not so fast. Recently, Beijing has been systematically moving in the other direction. The decision on August 31 to rule out democratic elections for Hong Kong in 2017 was just the latest example. Chinese leader Xi Jinping’s transformational reform agenda is driving this shift — and it does not bode well for Hong Kong.
from John Lloyd:
A few weeks after Winston Churchill became British prime minister in 1940, he had to tell the House of Commons that Britain had just suffered one of the worst military defeats in its history. He announced the setback with these words:
“The House should prepare itself for hard and heavy tidings. I have only to add that nothing which may happen in this battle (at Dunkirk) can in any way relieve us of our duty to defend the world cause to which we have vowed ourselves; nor should it destroy our confidence in our power to make out way … through disaster and through grief, to the ultimate defeat of our enemies.”
from Nicholas Wapshott:
Democracy is taking a bashing. On almost every continent, attempts to extend the right of people to choose their own government is running into deep trouble. In Iraq, Egypt, Ukraine, Russia, Afghanistan, Pakistan and many other countries, democracy is being overwhelmed by despotism and despair.
A commonly heard response is that Western democracy is not for everyone, that what works in our society does not automatically work elsewhere. Another is to suggest that we should not try to spread democracy to the rest of the world; it is none of our business.
from The Great Debate UK:
--Dr Marie Julie Chenard is Deputy Head of the Cold War Studies Programme at LSE IDEAS and Academic Officer for the Dahrendorf Symposium Project at the London School of Economics and Political Science. The opinions expressed are her own.--
The European elections are the second biggest exercise in democracy world-wide (behind India). Nearly 400 million EU citizens were eligible to vote their representatives to the European Parliament between the 22nd and 25th May, but only 43% actually did. What can be done to increase participation in elections that have an impact on 500 million people?
from The Great Debate:
Eyewitness View: From hope to horror in Tiananmen Square On Changan Avenue, a small crowd confronts the People's Liberation Army (PLA) in Tiananmen Square after the army stormed the square and the surrounding area the night before. This is near the location a day later where "Tank Man" confronted and momentarily halted a column of the army's tanks leaving the square. (Alan Chin)June 4, 1989. In Chinese the reference is usually made with just the numbers “Six Four,” like in English, “9/11.” As the 25th anniversary of the Tiananmen ...
from The Great Debate UK:
--Sheila Lawlor is Director of the London think tank, Politeia. The opinions expressed are her own.--
As UKIP's earthquake materialises, with the party topping the European poll and the Conservative party narrowly missing second place, a shift in the political landscape is underway. Even before counting of the council votes had finished, or that for the European parliament had begun, the message from voters was clear - people were returning to the values with which they most readily identify: socialist or conservative.
from John Lloyd:
India’s 815 million voters started the five-week voting cycle earlier this week. It’s already being celebrated as a triumph just for taking place -- “the largest collective democratic act in history,” according to the Economist.
The winner will matter. India now punches far below its demographic weight -- its 1.24 billion people are served by just 600 diplomats, about the same number as the Netherlands. The United States, with 314 million people, has 15,000. But that apparent lack of interest in making a mark on the world seems about to end.
from The Human Impact:
A university professor recommended sending a large group of men to “sexually snare” her. A decorated doctor offered to give her vaginal repair surgery and to change her sanitary pads, andsaid she could become a nude model because she hasn’t yet reached menopause.