China is running a persistent current account surplus, one that could be larger than officially reported (the huge tourism deficit looks a bit suspicious). If China paid off all its external debt,…

Yesterday, the Obama administration released its highly anticipated $3.8 trillion budget proposal for fiscal year 2013, and will begin the process of obtaining Congressional approval for how to alloc…

The Indigenous People of Biafra (IPOB) has ordered residents of Nigeria’s South East region—largely Igbo-dominated areas of the former Biafra, the break-away territory that tried and failed to establish an independent state during the 1967-70 civil war—to stay at home every Monday until their leader, Nnamdi Kanu, is released from jail.

The still unknown whereabouts of Namdi Kanu, a leader of the Indigenous People of Biafra (IPOB), has led to public exchanges that provide insight into the mindset of at least some of Biafra's support…

Turkey has long ranked at the top of most lists of financially vulnerable emerging economies, at least lists based on conventional vulnerability measures. Thanks to its combination of a large current…