Month: June 2016

How a Brexit Would Undermine Europe’s Balance of Power

By Adriano Bosoni Britain’s approaching referendum has led to rampant speculation about the economic and financial consequences of a vote to leave the European Union. And indeed, in the wake of a Brexit, uncertainty — the archenemy of economic growth and financial stability — would abound. But if Britain withdraws from the Continental bloc, its primary effect would be geopolitical, shaking the balance of power in Europe to its very foundation and forcing the bloc to rethink its role in the world. The Franco-German alliance is the cornerstone on which European power dynamics rest. Conflict between the two drove three

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REXIT in Sycophancy Raj

By Atul Cowshish It came as no surprise when the governor of Reserve Bank of India, Raghuram Rajan, announced that he will be quitting his post on September 4 when he completes his three-year term, ending the speculation over a second term for him which would have been the usual norm. Rajan’s decision, dubbed Rexit, has followed a systematic campaign against him launched by the BJP member of the Rajys Sabha Subramanian Swamy with clear blessings of the Modi government. Most analysts have no doubt that the government did not want Rajan as the head of the central bank because

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A Hong Kong Bookseller Confronts Beijing

Protesters in Hong Kong are once again back on the streets, directing their ire at Beijing. This time, demonstrations were sparked by the detention of bookseller Lam Wing-kee, apprehended by mainland authorities last year in connection with the distribution of subversive literature. On June 18, Lam led a 6 kilometer (4 mile) march from Causeway Bay to the Central Government Liaison Office, drawing a following of 4,000 to 6,000 people. The numbers are a significant uptick from the tiny June 17 rally in front of the Hong Kong Liaison Office, involving around 100 people. The popularity of the rally could

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Why the Islamic State Is Weaker Than It Seems

*In Syria, the Islamic State will continue to lose cities and vital territory. **The group will react to its losses by relying more heavily on insurgent and terrorist tactics, ensuring that it remains a serious threat. ***The continued disenfranchisement of Sunnis in Syria will enable the Islamic State, and groups like it, to maintain a foothold in the country. In Syria, the Islamic State is in crisis. Over the past three years, the group has managed to expand from a regional nuisance to a force with global relevance, declaring a caliphate in June 2014 that stretched from Iraq’s Diyala province

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