Archive

Export-Import Bank

The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the U.S. federal government.  Operating as a government corporation, the bank finances and insures foreign purchases of U.S. goods for customers unwilling or unable to accept credit risk. The bank’s cost and effectiveness are controversial, and, like any policy […]

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“Those Who Fail To Learn From History Are Doomed To Repeat It”

This quote, attributed to George Santayana, can be applicable to a wide range of human experiences and endeavors.  While it is impossible to list all of them, recent press coverage of China’s air pollution problems represents an interesting example. China’s pollution crisis has been attributed to decades of unrestrained industrialization.  While improving the economic outlook […]

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Freedom of the Seas and the Strait of Malacca-Update

We have previously commented on the importance of “freedom of the seas” (17May16) and the significance of the Strait of Malacca to international trade. Recent news reports and satellite photos suggest that China has introduced powerful anti-aircraft and anti-missile weapons systems on all seven of the islands it has built in the South China Sea, […]

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Trade Agreements/Trade Wars?

The election is over, but both candidates campaigned against trade agreements, such as the North American Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP).  What is this all about and why is it important to consumers and investors? Wikipedia defines a trade agreement as a wide ranging tax, tariff, and trade treaty that often includes […]

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Brexit Update

British Prime Minister Theresa May has announced that the UK would trigger the process of disentangling itself from the European Union (EU) by the end of March 2017.  This would set the stage for Britain to leave the EU by March 2019. Once the process is started, the UK has a two-year window to negotiate its […]

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Twisting The Lion’s Tail

During the years 1815-1914, when Britain, through the Royal Navy, was the de facto world’s policeman, some leaders of smaller countries would see how far they could provoke Britain, without precipitating serious consequences.  In other words, “twisting the lion’s tail.” Currently, we have the Philippines recently elected President, Rodrigo Duterte, threatening to distance his country […]

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