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Geoeconomic tools can be used only once

Globalization Daniel Gros - June 12, 2025.

A few years ago, there was an overarching global consensus on trade: the freer, the better. Only nerdy economists spent much time agonizing over the...

Has the crisis in Los Angeles threatened American federalism?

US The Editorial Board - June 12, 2025.

The mass deportations initiated by federal immigration authorities in Los Angeles have quickly evolved from a local security issue to a crisis of state sovereignty...

Inflection point: AI in warfare and everywhere

Technology Ferry Biedermann - June 12, 2025.

When Ukraine revealed this week that it had deployed AI in its spectacular Spider’s Web drone attack on Russian bombers, the news should not have...

How to convince politicians that competent migrants make local firms competitive?

Economy Raghuram G. Rajan - June 11, 2025.

For an enterprising politician, perhaps the easiest political strategy nowadays is to tell unhappy voters that they are victims – of the biased policies of...

Will the 18th sanctions package break the Russian war budget?

EU Tomorrow's Affairs Staff - June 11, 2025.

The European Commission presented the eighteenth package of sanctions against Russia, targeting Moscow's energy and banking sectors. Commission President Ursula von der Leyen announced a ban...

Cautious optimism that UK and Greece are moving to resolve 200-year-old Parthenon dispute

UK Harvey Morris - June 11, 2025.

There are positive signals that at least one long-running international conflict may be on the brink of being resolved, with reports of a potential agreement...

Advocates of Fed independence should be worried

Finances Barry Eichengreen - June 10, 2025.

The independence of the US Federal Reserve is back in the spotlight. Late last month, Fed Chair Jerome Powell met at the White House with...

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