The beginning of the end of the dollar era?
The ramifications of an end to dollar-based oil trade would extend far beyond the oil market and would herald the beginning of a new international political order.
- Shebonti Ray Dadwal
- October 14, 2009
The ramifications of an end to dollar-based oil trade would extend far beyond the oil market and would herald the beginning of a new international political order.
Pakistan faces a new challenge with the United States advocating privatization of security to deal with the country’s internal security challenges, a move that would also increase the level of American monitoring and supervisory capabilities.
Obama is the first American president to actively pursue the goal of nuclear disarmament. But roadblocks on the road to disarmament nirvana, as envisaged by Obama, remain.
While Pakistan could still try and develop a taste for grass by rejecting US assistance, there is no way it can economically sustain the fight against the Islamist insurgency without external assistance.
After eight years of governance by a Republican Administration, the United States elected a Democrat as its president. The Democrat President, Barack Hussein Obama, assumed presidency and appointed several key officials to implement his agenda. Though some believe that democracy forces political parties to evolve a common agenda and towards consensus on several key issues, there are others who see differences between the Republican agenda and those of Democrats.
This article employs game theory to explain the 2003 US-led invasion of Iraq, seeking in particular to improve the understanding of why the Iraqi dictator chose a path of action that ultimately led to his downfall. The main argument is that Saddam Hussein lacked information about his opponent's payoffs and was lured by the possibility of becoming the undisputed leading figure of the Arabic world. The analysis shows that even if the threat of an allied attack in the end proved credible, Iraq could - quite rationally - have chosen to stand firm.
The United States and China signed a Memorandum of Understanding (MoU) on bilateral cooperation on energy, climate change and environment during their recently concluded strategic and economic dialogue (SED). This MoU follows from a previous agreement, the Framework for Ten Year Cooperation of Energy and Environment (TYF) that was signed during the 2008 round of the SED.
An editorial in the New York Times on July 18, 2009 ahead of US Secretary of State Hillary Clinton’s visit to India - ‘Secretary Clinton goes to India’, has generated a lot of interest.
The US Department of Defence has been contemplating whether to lift the ban on F-22 exports, the fifth generation stealth aircraft. This would mean that many of the US allies namely Japan, Israel and others might become interested in procuring the aircraft. For Japan it would provide much needed air superiority to the Japanese Air Force concerned at North Korean long range missiles and nuclear capabilities (even though the US has stationed a dozen F-22s at Kadena air base in Japan since May 2009). Israel would like to get the aircraft to launch any pre-emptive strike on Iran.
The United States House of Representatives passed a landmark legislation H.R. 2454, the "American Clean Energy and Security Act," by a narrow margin of 219-212 on 26 June 2009. This bill requires the reduction of nationwide greenhouse gas emissions by 17 percent of the 2005 level by 2020 and 83 percent by 2050 through a "cap-and-trade" program under which companies would buy and sell emissions credits. The bill has more hurdles to cross before it becomes a law.