Not Just the Economy, Stupid

It’s the economy, stupid. So goes the conventional wisdom about Presidential elections anyway. The theory is that domestic politics – and the economy in particular – trumps everything else, including matters of foreign relations. Are you better off than you were four years ago? If not, little else matters. It was most notably the case […]

A New Cold War at the Water’s Edge?

An essential rule for politicians: always make sure the microphone is off.  On March 26 at the Nuclear Security Summit in Seoul, Barack Obama was overheard discussing missile defence with Russian President Dmitri Medvedev. With an open mic, Obama told Medvedev “This is my last election. After my election I have more flexibility.”[1] Russia currently […]

A Note from Europe: The End of the World is Nigh

The mid-July headline of the German newspaper Sueddeutsche Zeitung (SZ) commenting on the two debt crises in Europe and the United States reads “The End of the World Is Near – But Only for You.” The article cleverly illustrates the deepening transatlantic gap when it comes to political and economic frames of reference. Americans are […]