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Governance

Pakistan's All Weather Ally

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Pakistan's All Weather Ally

As the controversial nuclear deal between India and the United States moves toward a final review in the U.S. Congress, Pakistan appears to be pushing for a similar deal (IANS) with China. The Bush administration won approval for the India arrangement before the Nuclear Suppliers Group earlier this month, and both Bush and Indian Prime Minister Manmohan Singh have been actively lobbying for it at home and abroad. But Washington has ruled out any possibility (PTI) of cutting a similar deal with Pakistan. Many now expect China to step into the void.


By CFRUSA.


Governance Policy Resource.


Wall Street's Coming Reforms

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Wall Street's Coming Reforms

The turmoil that rocked the global financial sector this week, bringing storied institutions to their knees and prompting harrowing declines for major stock indices, left more than a measure of uncertainty in its wake. Analysts generally declined to hazard near-term economic predictions, focusing instead on what might halt the contagion. Just when the government appeared to have said "enough," refusing to save the investment bank Lehman Brothers, the potential collapse of America's largest insurer, AIG, forced Washington back into the bailout pool (WSJ).


By CFR, USA.


Governance Policy Resource.