Socialists Win Big in Spain Elections
Spain’s general election saw big gains for the Socialists and the far-right Vox party, and a historically poor result from the once-powerful People’s Party. Now the coalition building process begins.
Flash: Oil Sites around Canada’s Fort McMurray Evacuated
The reprieve was short-lived; wildfire is once again threatening key facilities around Canada’s Fort McMurray.
Germany’s Export Dip: Harbinger of an EU Recession?
The latest economic data out of Germany does not bode well for growth on the Continent. Are we headed for a new European downturn?
Canada’s Energy Industry: A Who’s Who of Pain
After a forgettable 2015, Canada’s energy industry is preparing for another tough year.
Russia-Ukraine Naval Clash off of Crimea
Russian vessels have fired on the Ukrainian Navy near Crimea, risking a major escalation of the Ukraine crisis.
Rate Cuts? Timing Is Everything for Fed
Tempting though it may be, hastily cutting interest rates carries risks. The Fed must tread carefully in deciding its next inflection point.
Greece Debt Deal: When a Haircut Isn’t a Haircut
The latest Greece debt deal is cut from the same cloth as those that proceeded it: middling, short-sighted, and unlikely to fix Greece’s fundamental problems.
Somalia Piracy in the Gulf of Aden
Whatever triumphant government proclamations follow the successful rescue of Richard Phillips, the piracy problem in the Gulf of Aden is going to get far worse before it gets any better.
U.S. Aid to Pakistan
Given the recent tripling of U.S. aid to Pakistan without any pre-conditions, Islamabad’s habit of funneling counter-insurgency funds toward the purchase of conventional weapons is likely to continue.
ISI and the Afghan Taliban
Despite the chorus of positivity emanating from Washington and several media outlets, the capture of Mullah Baradar in Karachi does not entail a hard swing towards cooperation on the part of the Pakistani government.