October 22, 2014

By Peter Warburton and Joanna Davies

A drama is unfolding at the heart of Europe as old stimulus programs expire and new ones meet with skepticism and derision. Mario Draghi, president of the European Central Bank, pulled off a timely rescue of the European monetary system in the summer of 2012 without spending a cent of central bank money. That earned him the nickname of “Super Mario” among admirers and critics, alike.

Eurozone on the Brink, as ‘Super Mario’ Races to the Rescue
European Central Bank President Mario Draghi (Nicholas Kamm/Getty Images)
US Navy Drone Could Protect Against Carrier-Killing Missiles
September 3, 2014
The U.S. Navy is successfully testing a combat drone that can launch and land on aircraft carriers – one of the most difficult maneuvers in aviation. A squadron of these armed unmanned vehicles could eventually fly bombing missions over Iraq against extremist groups without the risk of losing pilots. Their long range would also allow U.S. aircraft carriers to stay out of the death zone and be protected from China’s huge arsenal of “carrier-killing” ballistic and cruise missiles.
Russia Watches ISIS Advances With Growing Alarm
September 2, 2014
After defying the West with its aggression in Ukraine, Russia suddenly finds itself facing the same national security threat as the West. Russian leaders worry about the Islamic State of Iraq and Syria and the influence the terrorist army could have on its own rebellious majority-Muslim region of Chechnya.
As NATO Weighs ISIS Action, US Still Has ‘No Strategy’
September 2, 2014
SITUATION REPORT

The United States and its allies are inching toward greater involvement in the civil war in Iraq and Syria as the White House continues to try to recover from President Obama’s controversial remark last week that he has “no strategy” to deal with the terrorist army of the Islamic State of Iraq and Syria.
Don't Abandon Hope For European Recovery
September 2, 2014
Special Economic Analysis
by Peter Warburton, PhD


The overriding sentiment in financial markets is that the 18-country eurozone is at risk of chronic economic stagnation, combined with a threatened slide into price deflation. Lacking the flexibility of a nation-state to take swift remedial action, the European Union’s institutional response seems slow and ineffectual. Membership of the common currency, the euro, is acting more like a straitjacket than a springboard to economic recovery. While the European Central Bank has the reach and credibility to tackle Europe’s raft of problems, it is reluctant to assume that dominant role. But it would be wrong to abandon hope.

China’s Dreams for Shale Boom Stumble
August 29, 2014
China is stumbling as it tries to follow in the footsteps of the United States and tap its enormous reserves of shale oil and natural gas. After four years of largely lackluster exploration efforts, China recent decision to slash its 2020 production target reflects the difficulty of extracting the unconventional resource with limited foreign assistance.
New Nightmares: ISIS Crossing Border; Sleeper Cells in US
August 29, 2014
Many U.S. officials fear the Islamic State of Iraq and Syria is planning to attack the United States by crossing the porous southern border with Mexico. Texas Gov. Rick Perry has already warned that the militants probably are lying in wait in some U.S. border towns. Mexico dismisses the talk as “absurd,” but it does so little to police its own border that three Ukrainians with long criminal records easily walked into Texas recently.
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