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21. Conventional Prompt Global Strike: Strategic Asset or Unusable Liability?

Author:
M. Elaine Bunn and Vincent A. Manzo
Publication Date:
02-2011
Content Type:
Working Paper
Abstract:
The Conventional Prompt Global Strike (CPGS) concept calls for a U.S. capability to deliver conventional strikes anywhere in the world in approximately an hour. The logic of the CPGS concept is straight - forward. The United States has global security commitments to deter and respond to a diverse spectrum of threats, ranging from terrorist organizations to near-peer competitors. The United States might need to strike a time-sensitive target protected by formidable air defenses or located deep inside enemy territory. Small, high-value targets might pop up without warning in remote or sensitive areas, potentially precluding the United States from responding to the situation by employing other conventional weapons systems, deploying Special Operations Forces (SOF), or relying on the host country.
Topic:
Arms Control and Proliferation, Debt, Nuclear Weapons, Treaties and Agreements, and Weapons of Mass Destruction
Political Geography:
United States

22. Globalization and the Politicization of Muslim Women: Consequences for Domestic Violence in the Netherlands and the United States19

Author:
Mishal Khan
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
Macalester International
Institution:
Macalester College
Abstract:
Globalization as a theoretical lens guides us toward a greater understanding of some of the most turbulent transformations that are taking place in the world today. Anthony Giddens provides a compelling definition of this phenomenon, framing it as―the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa. Nothing demonstrates this more sharply than the impact of global events on those Muslim populations residing in what can be broadly defined as the―Western‖ world. This ironically termed―reverse colonization entails an unprecedented number of people from Muslim countries migrating to the Global North, laying the foundation for a myriad of challenging negotiations and novel circumstances. However, there are a number of concurrent transformations that are taking place within Muslim populations that have become the subject of increased scrutiny. The rise of radical Islam, the enhanced religiosity of Muslim youth, and the increased wearing of headscarves by women are all aspects of a global Islam that has attracted the widespread attention of policymakers, scholars, and ordinary citizens alike.
Topic:
Debt
Political Geography:
United States and Netherlands

23. Iran-GCC Relations under President Ahmadinejad: 2005-2009

Author:
Mohammad Hossein Hafezian
Publication Date:
01-2011
Content Type:
Journal Article
Journal:
Iranian Review of Foreign Affairs
Institution:
Center for Strategic Research (CSR)
Abstract:
The election of Mahmood Ahmadinejad in Iran in June 2005 came to have an enormous impact on Iran's foreign relations, including Iran's relations with the Arab states of the Persian Gulf. The present article looks into the state and dynamism of bilateral relations between Iran and the GCC during the 2005-09 period. Placed in the context of the background of relations between the two sides since the 1979 Islamic Revolution in Iran and specifically the 8 years of confidence-building and détente under Khatami, the article discusses the factors that affected these bilateral relations during the period under review. It is argued that such factors as Ahmadinejad's peculiar foreign policy outlook and discourse, relations with the U.S., diverging postures towards Israel, threat perceptions, Iran's rising regional stature and influence in the post-2001 period, and also dispute on the three Iranian islands in the Persian Gulf and the name of the waterway, have each affected the state of relations. The review also shows the resilience of economic and trade ties between the two sides beyond the mere political realm and the outstanding issues and disagreements. Considering the inevitable negative impact of the continuing tension and conflict between Iran and the U.S. on the state of relations between Iran and the GCC, the paper emphasizes the imperative of confidence-building measures and policies by all the parties concerned–within the region and beyond. It concludes that any meaningful improvement–and ultimate rapprochement–in the U.S.-Iran relations, even though far-fetched or illusive at the time, would help these relations and the mutually-beneficial establishment of regional security arrangements in the Persian Gulf.
Topic:
Debt
Political Geography:
United States, Iran, Israel, and Arabia

24. Webinar: Lower the floor or raise the ceiling? US fiscal and economic outlook

Author:
Leo Abruzzese
Publication Date:
04-2011
Content Type:
Working Paper
Abstract:
A serious deficit-reduction debate is underway. Despite wide policy differences, this is encouraging and long overdue. Agreement on some basic steps may happen soon. A serious, long-term deal won't happen until after the election. A credible plan will require revenue increases. These won't come quickly or easily, but they are unavoidable, The debt ceiling will be raised, amidst much drama. The US will not default on its debt. The US economy is still recovering...but higher energy and food prices are creating headwinds.
Topic:
Debt, Economics, Global Recession, and Financial Crisis
Political Geography:
United States

25. The EU's Response to the Financial Crisis: A mid-term review

Author:
Karel Lannoo
Publication Date:
04-2011
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
Two years after the London G-20, CEPS Chief Executive Karel Lannoo finds that the EU is well advanced in delivering on the commitments made for the 2013 target date. Important steps have been taken on the institutional side, and regulatory changes are moving ahead. On some issues, in fact, such as remuneration, the EU has made even greater headway than the US. But certain key sensitive matters remain, such as bank resolution or structural changes.
Topic:
Debt, Economics, Global Recession, Monetary Policy, and Financial Crisis
Political Geography:
United States, Europe, and London

26. Warning: Hollow Force Ahead! The Effect of Ever More Defense Budget Cuts on US Armed Forces

Author:
Gary J. Schmitt and Thomas Donnelly
Publication Date:
07-2011
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
National security is neither a "sacred cow" nor just another federal budget line item. Providing for the common defense of the American people and our homeland is the primary responsibility of policymakers in Washington. However, in an effort to protect social entitlements like Medicare, Medicaid, Social Security and the health care reform law from serious deficit and debt reduction efforts, President Obama has proposed not only to raise taxes, but also to cut another $400 billion more from future national security spending. As Obama said on June 29, 2011, "[Outgoing Secretary of Defense] Bob Gates has already done a good job identifying $400 billion in cuts, but we're going to do more."
Topic:
Defense Policy, Arms Control and Proliferation, Debt, and War
Political Geography:
United States, America, and Washington

27. The Liquidation of Government Debt

Author:
Carmen M. Reinhart
Publication Date:
04-2011
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of "financial repression." Financial repression includes directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, regulation of cross-border capital movements, and (generally) a tighter connection between government and banks. In this paper, the authors describe some of the regulatory measures and policy actions that characterized the heyday of the financial repression era. In the heavily regulated financial markets of the Bretton Woods system, several restrictions facilitated a sharp and rapid reduction in public debt/GDP ratios from the late 1940s to the 1970s. Low nominal interest rates help reduce debt servicing costs while a high incidence of negative real interest rates liquidates or erodes the real value of government debt. Thus, financial repression is most successful in liquidating debts when accompanied by a steady dose of inflation. Inflation need not take market participants entirely by surprise and, in effect, it need not be very high (by historical standards). For the advanced economies in Reinhart and Sbrancia's sample, real interest rates were negative roughly half of the time during 1945–80. For the United States and the United Kingdom, their estimates of the annual liquidation of debt via negative real interest rates amounted on average to 3 to 4 percent of GDP a year. For Australia and Italy, which recorded higher inflation rates, the liquidation effect was larger (around 5 percent per annum).
Topic:
Debt, Economics, International Trade and Finance, and Markets
Political Geography:
United States and United Kingdom

28. The Subprime Lending Debacle: Competitive Private Markets Are the Solution, Not the Problem

Author:
Patric H. Hendershott and Kevin Villani
Publication Date:
06-2011
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
The United States' market-government hybrid mortgage system is unique in the world. No other nation has such heavy government intervention in housing finance. This hybrid system nurtured the excessively risky loans, financed with too much leverage, that fueled the U.S. housing bubble of the last decade and resulted in the systemic collapse of the global financial system.
Topic:
Debt, Economics, and Financial Crisis
Political Geography:
United States

29. Bankrupt: Entitlements and the Federal Budget

Author:
Michael Tanner
Publication Date:
03-2011
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
The U.S. government is about to exceed its statutory debt limit of $14.3 trillion. But that actually underestimates the size of the fiscal time bomb that this country is facing. If one considers the unfunded liabilities of programs such as Medicare and Social Security, the true national debt could run as high as $119.5 trillion.
Topic:
Debt, Economics, Human Welfare, Financial Crisis, Governance, and Health Care Policy
Political Geography:
United States

30. Austerity ahead: How will a conservative victory change Spanish politics?

Author:
Teemu Sinkkonen
Publication Date:
11-2011
Content Type:
Policy Brief
Institution:
Finnish Institute of International Affairs (FIIA)
Abstract:
The electoral defeat suffered by the ruling Socialist Party (Partido Socialista Obrero Español, PSOE) in the municipal elections and the prolonged financial crisis has forced Prime Minister Zapatero to call an early general election on 20 November. The Conservative People's Party (Partido Popular, PP) is ahead in the polls by a clear margin and is likely to gain an absolute majority in the parliament. The economic outlook for Spain looks bleak, which means that the new government will have to create new jobs quickly and push through harsh and unpopular reforms, particularly regarding the fiscal and administrative structures. The Indignados protest movement is gaining support, and looks set to challenge the legitimacy of the system and force the future government to produce speedy results. Spain is expected to enhance its role in international politics through pragmatic bilateral relations. In particular, relations with the US seem to be warming up, while Spain can turn to the UK and Poland in the EU for companionship
Topic:
Debt, Democratization, Economics, and Financial Crisis
Political Geography:
United States, United Kingdom, Europe, and Spain