Common cause for Washington and Tehran in Iraq?

June 16, 2014

Iraq is going up in flames and there appears to be no question of the West putting boots back on the ground in contrast to 2003 when the United States and Britain invaded to topple Saddam Hussein and set in train a decade of chaos that has now exploded again.

Letter of the Lew: Treasury comments on change of guard at troubled IRS

May 17, 2013

Here are comments from a U.S. Treasury official on Secretary Jack Lew’s meeting with incoming Acting IRS Commissioner Daniel Werfel this morning, following a scandal of political targeting that cost the previous acting commissioner his job. Treasury officials knew about the problem as early as last June, according to this report in the Wall Street Journal:

Brussels throws gauntlet down to Berlin

May 31, 2012

The European Commission leapt off the fence yesterday proposing many of the policies – a bank deposit guarantee fund, longer for Spain to make the cuts demanded of it and allowing the euro zone rescue fund to lend to banks direct (though there were some mixed messages on that) – that would buy a considerable period of time to move towards its ultimate goal: the sort of fiscal union that would make the euro zone a credible bloc much harder for the markets to attack.

U.S. lags Portugal, Estonia in science grads

February 7, 2012

President Barack Obama will seek $80 million in new funding for a program to boost science and math education in U.S. schools. Here is a graph from the Organization for Economic Cooperation and Development that illustrates the extent of the shortfall on a population-adjusted basis:

APEC’S always in fashion

November 8, 2010

CHILEOne of the most closely guarded secrets at the APEC summit in Japan’s port city of Yokohama this weekend is not what the Asia-Pacific leaders might say about currencies and global imbalances. No, that’s all going to be thrashed out at the G20 meeting Thursday and Friday in Seoul. The big topic of speculation here at the Pacifico Yokohama Convention Center is what the leaders will wear when they gather for the annual class photo that concludes the meetings.

from Sebastian Tong:

Stop pushing and we’ll do it

March 18, 2010

The growing acrimony in the international debate over China's currency policy has led some to warn that Beijing could dig in its heels if pushed to hard to let its yuan rise. crybaby

The Nobel prize for governance

October 12, 2009

The people who hand out Nobel Prizes are obviously keen this year to trumpet a new world order in economics as well as politics. Hot on the heels of giving Barack Obama the peace prize, they have awarded  this year’s economics prize for research into governance.

Congratulations or condolences for Bernanke?

August 25, 2009

Congratulations, Ben Bernanke. It looks like a second term as Federal Reserve chairman is in your future. But considering the tasks before him, is this a blessing or a curse?

U.S. state budgets battered by recession

June 26, 2009

Eighteen months into the worst recession in decades, and the pain of the downturn is reaching into nearly every U.S. state, city and municipality.

Wall Street ‘yes,’ economists ‘no’ — what’s your call?

March 24, 2009

U.S. President Barack Obama receives a daily economic briefing in the Roosevelt Room of the White House in Washington, March 23, 2009. Chairman of the Council of Economic Advisers Christina Romer (L) and U.S. Treasury Secretary Timothy (C) Geithner are also pictured. REUTERS/Larry Downing (UNITED STATES POLITICS BUSINESS)The Obama Administration’s toxic asset plan got rave reviews from Wall Street yesterday, but not so much from a few Nobel-prize winning economists.