WORLD

In September 2010, a short time before the international financial summit of the Group of Twenty (G20) took place in South Korea, Brazilian finance minister Guido Mantega declared that the world is experiencing a "currency war" where "devaluing currencies artificially is a global strategy." By announcing the outbreak of a "currency war," Mantega wanted to draw attention to the problems…
With little notice from most press outlets, NATO recently developed contingency plans to defend its Central and Eastern European member states against potential Russian aggression. This move follows the disclosure in January that the alliance would create such plans for Estonia, Latvia, and Lithuania.
Cafés are full in Athens, and droves of tourists still visit the Parthenon and go island-hopping in the fabled Aegean. But beneath the summery surface, there is confusion, anger, and despair as this country plunges into its worst economic crisis in decades. The global media has presented Greece, tiny Greece, as the epicenter of the second stage of the global…
The future is no longer in plastics, as the businessman in the 1967 film The Graduateinsisted. Rather, the future is in China. If a multinational corporation doesn’t shoehorn China into its business plan, it courts the ridicule of its peers and the outrage of its shareholders. The language of choice for ambitious undergraduates is Mandarin. Apocalyptic futurologists are fixated on an…
President Eisenhower is well-remembered for warning the public in his final address to the nation to “guard against the acquisition of unwarranted influence . . . by the military-industrial complex.” But it is little known that Eisenhower, in that same speech further cautioned that “we must also be alert to the equal and opposite danger that public policy could itself…
Legend has it that St Patrick introduced distilling to Ireland during his lifetime and that this secret passed to Scotland when Irish travelers settled there more than 1500 years ago. In countries such as Scotland where grapes were not plentiful the distilling technique was applied to grains, with the resulting whisky being produced in monasteries and being used for medicinal…
While still a long way off from challenging the United States as the predominant world naval power, China’s modernized People’s Liberation Army Navy (PLAN) is beginning to take a more assertive role in an expanding theater of operations.Previously content on patrolling coastal waters and preparing for an armed conflict with Taiwan, China now has a naval presence all along commercial…
President Barack Obama decided to cancel the plans for missile defense based in the Czech Republic and Poland this past October. Washington has since worked on an alternative that Obama calls a "stronger, smarter and swifter defense" that "best responds to the threats we face." The new system is built around sea-and-land-based SM-3 missile interceptors.
It all began, as usual, with the Greeks. The ancient Greeks were the first civilized people to use their reason to think systematically about the world around them. The Greeks were the first philosophers (philosophia — lovers of wisdom), the first people to think deeply and to figure out how to attain and verify knowledge about the world. 
That war is not productive may seem self-evident to Misesians but it is not to the "educated" public who have been taught that World War II ended the Depression and that deficit spending (of whatever kind it doesn't matter) spurs economic growth. Americans show not the slightest awareness that every dollar spent on the ongoing Afghan and Iraqi wars, the…

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