Classic showdown for Western civilization: Not in Brussels, but in Greece

Classic showdown for Western civilization: Not in Brussels, but in Greece

Sol W. Sanders There is a terrible poignancy to the current Greek crisis. Its essence does not revolve around Greece’s role in the European Union or the Eurozone, per se. After all, before the fall, Greece contributed only 1.8 percent of the gross national product of the world’s largest trading bloc. Nor, indeed, as time […]

World waits for someone to do something, and then waits some more

World waits for someone to do something, and then waits some more

Sol W. Sanders Looking around the world, the striking characteristic is waiting out a number of crises. Their outcome seems almost artificially suspended, and their interaction on one another and their ultimate effect on the world is at issue. We start with the Euro. Chancellor Angela Merkel’s supplications in Beijing were perhaps laudable but a […]

Can this global mess wait until January 2013?

Can this global mess wait until January 2013?

Sol W. Sanders Diverted by the essential — if sometimes burlesqued — pursuit of America’s quadrennial search for leadership, policymakers have tried to put international problems on hold. But dealing with wannabe-totalitarian outcroppings throughout the Islamic world from Casablanca to Zamboanga, is as critical and demanding and may take as long as the struggle with […]

Never mind the facts: Our love affair with China goes on and on

Never mind the facts: Our love affair with China goes on and on

Sol W. Sanders Old friend columnist Joseph Alsop once told me of arriving in China with a clanking sword he had hassled across the Pacific, given him by his cousin, FDR, along with an instant “Inside-the-Beltway” Navy commission. President Roosevelt sent him immediately after Pearl Harbor to Chungking as “political adviser” to Claire Lee Chenault […]

High stakes: Obama’s ace, Iranian oil and the 2012 election

High stakes: Obama’s ace, Iranian oil and the 2012 election

Sol W. Sanders President Barack Obama has launched new international diplomatic poker with “a trailing hand”. It is impossible to exaggerate the forces at play, economic as well as political, foreign and domestic, and their interplay. When he signed Dec. 31st the latest Iran provisos, Mr. Obama was handed new clout to cut Iran’s energy […]

Amateur hour in year four

Amateur hour in year four

Sol W. Sanders Back in prehistory, during The Cold War, students of arcane Kremlinology — the science and art of trying to unravel what Winston Churchill called “a riddle wrapped in an enigma” — identified a dangerous heresy. “Mirror-imaging”, it was called, defined as attributing to Moscow our own motivations, rather than understanding Soviet Communist […]

In pursuit, globally, of the elusive soft-landing

In pursuit, globally, of the elusive soft-landing

Sol W. Sanders The new year’s worldwide economic downturn has an interlocking effect: every national economy is searching to accommodate itself politically as well as economically to what looks to be an extended period of low growth. After longer or shorter periods of historically unrivaled prosperity, they are feeling for a “bottom” — a level […]

Potentially explosive movements on a volatile Asian chessboard

Potentially explosive movements on a volatile Asian chessboard

Sol W. Sanders A new era of increasing instability is opening in East Asia. The death of North Korean leader Kim Il-Jong is only adding another, if explosive, element to an already volatile equation: China enters a period of substantially slower economic growth, if not a crash, on the eve next autumn of a takeover […]

Drastic fixes for critical crises or dodgy compromises for bumps in the road?

Drastic fixes for critical crises or dodgy compromises for bumps in the road?

Sol W. Sanders “Moderation in all things”, said a pre-Christian North African Roman dramatist, Terence [Publius Terentius Afer]. But like so many artists, he latched on to a beautiful artifact but got the logic wrong. He’s echoed these days in the oft repeated mantra from talking heads calling for compromise. It usually follows a description […]

And China was going to save the global economy? Guess again

And China was going to save the global economy? Guess again

Sol W. Sanders Creeping up on the outer edges of Wall Street soothsayers’ economic crystal ball, until now dominated by American and Euro crises, is growing concern about China. The inane idea China [and India, which is also in trouble] would somehow rescue the world economy is now, finally, dismissed by the pundits — without […]