May 18, 2013
SITUATION REPORT
 
Test launches today by North Korea of three short-range missiles into the Sea of Japan probably were an effort by Pyongyang to keep the pressure up on regional states and Washington to resume multilateral talks. Although the missile launches violate UN resolutions, they do not necessarily mean that North Korean leaders have decided to reverse a cooling of tensions seen over the last two months.
New North Korea Missile Launches a Cry for Attention
Replicas of North Korean Scud-B missiles (center) and other South Korean missiles are displayed at the Korea War Memorial Museum in Seoul. North Korea tested three unidentified missiles today, possibly Scuds. (JUNG YEON-JE/AFP/Getty Images)
US Ports Not Ready for Panama Canal Widening
April 26, 2013
Ports on the East Coast of the United States are unprepared for increased trade the expanded Panama Canal will bring by 2015, according to recent Senate testimony. Only two Atlantic ports — Norfolk and Baltimore — are ready to handle the size of ships expected to use the widened canal, vessels with nearly triple current maximum capacity.
Border Dispute with India Reflects New Chinese Aggression
April 26, 2013
China's recent military incursion into territory claimed by India has reignited border tensions between the two countries. Although this dispute is unlikely to result in military conflict, China’s move reflects its new aggressiveness over the last couple of years to push its territorial claims with its neighbors.
Why Greece Can’t Shake Its Economic Malaise
April 26, 2013
Special Economic Analysis
By Peter Warburton, PhD
 
While an exit from the eurozone appears rather less likely today than it did in late 2011, the contraction of the Greek economy is continuing with no economic recovery in sight. Even optimists have not predicted that Greece’s national income will rise before 2015. And for pessimists, Greece presents a most worrisome case – one that could still be the EU’s undoing.
Was the Boston Bombing Preventable?
April 25, 2013
SITUATION REPORT
 
Initial congressional inquiries into the Boston Marathon bombings have revealed that crucial information was not being shared among intelligence agencies and that Russia's warnings about one of the bombers were not acted upon, or were downplayed. It is too early to draw conclusions about what mistakes, if any, were made by U.S. intelligence and law enforcement agencies. But the initial reports are cause for concern.
France: Investigation Threatens Sarkozy’s Comeback
April 25, 2013
Former French President Nicolas Sarkozy is being investigated for allegedly taking $61 million in illegal campaign contributions from former Libyan dictator Muammar Qaddafi. The probe is likely to shatter Sarkozy’s chances of defeating Socialist President Francois Hollande in the next elections, and together with a corruption probe into the Hollande administration, is casting a pall over French politics.
How Limiting Banker Pay Could Make EU Banks Stronger
April 25, 2013
In a bold move, the European Union on April 16 voted to severely restrict bonuses that EU banks can give their executives, to hike reserve requirements and to require more “real economy” lending over purely financial speculation. If the new rules work as hoped, European banks could realize a long-term competitive advantage by delivering enhanced stability across EU financial institutions.
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