Word: unlikelyness
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On march 26, President Obama announced that the U.S. and Russia will cut their deployed long-range nuclear arsenals by 30% over seven years. The START Follow-On Treaty, as it is known, is the descendant of a series of Cold War arms-control agreements that had an unlikely progenitor...
In the unlikely case that Obama chooses poorly or his team fails to execute an effective rollout strategy, a botched pick would likely be too tempting a target for conservatives to ignore. If Obama chooses well and his strategists frame the pick in the right way - and no one expects...
As the past few months of unnerving tension between Beijing and Washington have reminded us, all this matters a great deal because of another of those mind-twisting ambitions China has: to rise to a position of great power without causing the international system to crumble. This seems unlikely. Few...
Little wonder, then, to find most Chinese still very alive to sensations of weakness, whether inside or outside the country. This was surely the worry that the Chinese media fingered when they declared that the 2009 phrase of the year was beishidai, or "the passive-voice era." The phrase, state...
The question is whether anything other than a massive, one-off revaluation in the RMB versus the dollar - something that is not in the cards - will have any significant impact on employment in the U.S. or Europe. Economists differ around the edges of this debate, but most agree that a...