Cristinanomics: Argentina’s crazy plan to save the economy through money laundering
June 4th, 2013
Argentina's President Cristina Fernández de Kirchner has hit on a novel way to try to alleviate her self-inflicted economic free fall and acute shortage of hard currency -- invite money launderers from around the world to put their dollars in Argentine banks with no questions asked. That's not, of course, the official plan. But this month's move is the latest in a series of steps that seem more rooted in magical thinking than in economic reality that have pushed Argentina ever closer to financial ruin and international pariah status.
Weakening U.S. presence encourages Chinese aggression
May 28th, 2013
As the Obama administration descends into a long summer of scandal investigations, its domestic weakness could serve to exacerbate long-standing Asian political fault lines that heretofore were calmed by the assurance of American strength.
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