Tapering

♦ In Turkey, Gulenists have burnt their bridges with Recep Tayyip Erdogan and his party, while Mr Erdogan makes no bones about his desire to purge the bureacracy of his former allies. It is, according to one of Turkey’s old secular elite, “like Alien vs Predator.
♦ Edward Luce points out that the Indian politicians expressing outrage over the strip search of diplomat Devyani Khobragade are suffering from a hypocrisy problem: “So far, no Indian leader has expressed a scintilla of concern about the rights of the Indian domestic servant whom Ms Khobragade had allegedly mistreated.”
♦ Ben Bernanke announced the taper, but minimised market discomfort.
♦ David Pilling considers which events shook Asia in 2013.
♦ James Carroll, a former priest, looks back at the first year of a radical pope.
♦ B.R. Myers, an expert on north Korea, explains exactly what happened to Kim Jong Un’s uncle and why Kim doesn’t look smart taking his wife around with him. Read more >>

By David Gallerano
♦ Claire Jones outlines how any decision the Federal Reserve will take on tapering has implications far beyond the United States.
♦ Robin Harding takes stock of the situation regarding the nomination of the new Fed chairman. Though it seems the propitious moment for a Yellen selection, there is the chance that the White House might opt for a more thorough selection process. After all, Ben Bernanke’s appointment in 2005 did not come until late October
♦ Meanwhile, John McDermott reproaches Obama for his weak support of Lawrence Summers’ candidacy.
♦ The German elections will pave the way for a third bailout for Greece. How will the Greek economy react? Peter Spiegel outlines the most likely scenario.
♦ The Pacific Standard examines six reasons why Zambia is – and will probably remain for long time – a poor countryRead more >>