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Can a Stronger Chinese Currency Save the U.S. Economy?

Give Charles Schumer credit for persistence. The New York Senator first introduced legislation that targeted Chinese currency in 2003, and has been a leading congressional advocate of the view that China keeps the value of its currency, the renminbi, artificially low, giving its exporters an unfair advantage when competing against …

Is Israel Again Weighing an Attack on Iran’s Nuclear Facilities?

“I think the most effective way to deal with Iran is not on a unilateral basis,” Defense Secretary Leon Panetta told reporters in Israel on Tuesday, stressing that the Israeli government needed to act in concert and consensus with the international community. Israeli reporters noted his repeated use of the word together when it came …

Why the Pentagon’s Panetta is On a Hiding to Nothing in Israel

Israel is becoming increasingly isolated, Defense Secretary Leon Panetta warned on Sunday, on the eve of his arrival there for talks with his Israeli counterpart, Defense Minister Ehud Barak. The — perhaps unconscious — subtext of that warning, of course, is that Israel’s isolation in the Middle East accelerates the decline of …

Yemeni Officials: Anwar Al-Awlaki Is Dead


U.S. Officials confirmed that Yemeni government news agency reports that Anwar al-Awlaki, the American-born radical cleric has been killed, along with his bodyguards, in a military strike. He was 40-years-old. The English-speaking al Awlaki who is the best known face of al Qaeda in the Arabian Peninsula, is a particularly potent …

With Latest Launch, China Plots Course for Space Station

Many countries set off fireworks to mark their national days, but few go as big as China. Sometime between 9:16 p.m. and 9:31 p.m. tonight (Thursday morning U.S. time) the country’s space program will launch Tiangong 1, an unmanned, 8-ton space lab module, into orbit, according to a statement by the China Manned Space Engineering …

China Strikes Back After Taiwan Weapons Deal

China will likely suspend some military ties with the U.S. following the Obama administration’s approval of a $5.85 billion package of upgrades for Taiwan’s aging fleet of F-16 fighter jets and pilot training, a senior U.S. State Department official said Monday. (A transcript of the official’s briefing was posted on the State …

Back from the UN, Mild-Mannered Abbas Hailed as Man of Steel

The man who lives in Yasser Arafat’s shadow returned from New York to a reception that suggested a measure of newfound respect from a Palestinian public that likes its leaders to show some steel.

Abu Mazen, as Palestinian Authority President Mahmoud Abbas is known here, always had the respect of the population that elected him in …

How Will China React to U.S. Arms Deal with Taiwan?

The U.S. announced Wednesday that it will offer Taiwan a $5.85 billion package of upgrades to its aging fleet of F-16 fighters (pdf) and training for its pilots (pdf). The deal, which falls short of Taiwan’s request for newer F-16 C/D jets, was widely expected as details of the plan leaked out in Washington in recent weeks. Perhaps …

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