Is that the deal that brought wavering Republicans from textile states on board?  We will see. But the House speaker, J. Dennis Hastert, told him they needed his vote anyway. If he switched from "nay…

China may not be an exception after all. A creditor than lends in its own currency doesn’t have to worry all that much about the risk that it its lending is denominated in a currency that will depre…

Martin Wolf’s FT column makes a number of crucial points:1) Asia has let undervalued exchange rates (and reserve accumulation) substitute for policies to promote domestic demand. The (growing) back…

“Few African countries are more important to U.S. interests than Angola. The second-largest oil producer in Africa, Angola’s success or failure in transitioning from nearly thirty years of war toward…