US politics

  • Hungary’s introduction of the world’s first internet tax is just the latest in a batch of unorthodox uneconomic policies, dubbed ‘Orbanomics‘, that some say are leading to increased government control over the economy
  • Through their alliances with jihadis and actions that flout the democratic will, Libya’s Islamists are courting disaster for themselves and their country
  • The disappearance of 43 students has brought attention back to Mexico’s security woes and away from its economic reforms, threatening to tarnish President Enrique Peña Nieto’s record of success
  • Quantitative easing in the US has kicked back into gear Wall Street’s securitisation machine – providing a supply of risky assets that bundle together car loans, corporate debt and mortgages
  • The forgotten Yazidi refugees who once captured the world’s attention now sit outside the spotlight, wondering how they will survive the winter, reports Foreign Policy

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By Gideon Rachman
General Sir Philip Chetwode, deputy chief of Britain’s Imperial General Staff, warned in 1919: “The habit of interfering with other people’s business and making what is euphoniously called ‘peace’ is like buggery; once you take to it, you cannot stop.”

David Gardner

President Barack Obama addresses the nation from the White House on September 10 2014

Barack Obama’s outline of plans for a US-led offensive against the Islamic State of Iraq and the Levant, known as Isis, is light on the politics that will be decisive in their defeat. Read more >>

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By Gideon Rachman
The people who prepare President Barack Obama’s national security briefing must be wondering what to put at the top of the pile. Should it be the Russian assault on Ukraine, or the advance of the Islamic State of Iraq and the Levant (known as Isis) in Iraq and Syria? And what items should go just below that?

The biggest development story of the last two decades has been the vast reduction in the number of the world’s extreme poor thanks to the rapid growth of China and other developing economies. But how does the US, the world’s richest economy, fit in when you apply the $2/day poverty line the World Bank and others normally use to grade much poorer countries?

In a fascinating new paper, researchers at the Brookings Institution look at exactly that question and come up with some potentially shocking findings, albeit ones that come with plenty of caveats attached. Read more >>