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June 7, 2007

China
The reverse processing trade …

A standard argument is that China’s export success is overstated.   Sure, a lot of goods, especially electronics, are assembled in China.  But those goods are composed of imported parts.     Chinese …

china_trade_07_small

June 24, 2024

Nigeria
Who Needs an Emir?

The ongoing Emirship tussle in Nigeria begs broader questions about the place of traditional rulership in Africa’s emerging democracies.

Emir of Kano, Muhammad Lamido Sanusi II, rides on a dressed horse wearing a traditional white outfit.

April 18, 2011

United States
TWE Remembers: The Midnight Ride of Paul Revere

  All revolutions begin with a single act that changes everything. America’s began on April 18, 1775, when British General Thomas Gage ordered 700 British Army regulars under the command of Lt. Co…

Paul Revere

August 20, 2007

Financial Markets
Reverse engineering financial engineering

The process that turned subprime mortgages into triple AAA rated securities is, by now, pretty well known.   Rich Bookstaber (his blog is here) describes the process nicely.Here's the recipe for a CD…

December 18, 2006

Economics
2006: 1998, only in reverse

In 1998, oil collapsed.  In 2006, oil soars. In 1998,  Russia defaulted after Treasury Secretary Robert Rubin refused to throw good money after bad, and blocked NSC pressure to continue disburse more…

February 26, 2009

United States
James Lindsay Returns to CFR as Director of Studies; Elliott Abrams, Evan Feigenbaum, Among New Scholars

  The Council on Foreign Relations (CFR) is pleased to announce a new director of studies and several new scholars. James M. Lindsay, director of the Studies Program from 2003 to 2006 at CFR, w…