Putin, the Ruble, Rosneft and Economic Crisis

Rosneft received financing from the central bank by depositing its bonds as a collateral. This is de facto government financing in exchange for paper that may be worthlesstomorrow. This is what probably caused the ruble meltdown last Monday.   Read original...

How to make and keep peace

A superb dissection of America’s foreign political missteps in David Goldman’s review of Angelo Codevilla’s brilliant new book.   Read original...