AFP is reporting that the Kremlin is feeling pretty angry about getting scammed out of $2 billion to have have Kyrgyzstan close the Manas airbase to U.S. access. “The news about the preservation of the base was an extremely unpleasant surpri...
Remember back when the Russians bribed the Kyrgyz government with a $2 billion aid package in order to kick the Americans out of the Manas airbase, severely hampering the U.S. government’s ability to operate in Afghanistan? Well it loo...
I have often argued that Russia’s friendship with China is more talk than it is substance (for example, Venezuela’s president has made twice as many trips to Moscow in recent years than China’s President Hu Jintao). But thi...
George Soros is pledging $100 million to charities in the former Soviet republics, eastern Europe and the Balkans to help counteract the effects of the global recession. The money will be distributed in 20 countries based on recommendations by loc...
The jury apparently is in for now – a Treasury Department official says that the $134.5 billion of treasury bonds recently seized at the Swiss-Italian border are fakes. As much as I wish there was something more to this story, sadly, there i...
I am reading a lot about the events in Iran this week, and I thought this piece by Charles Kurzman in Foreign Policy cut through the fog, reminding us of the cottage industry of punditry that clouds and rarely enhances our understanding of these i...
Some key stats that Bloomberg uncovers in what must be the 800th article in the past 48 hours with the word “BRIC” in it: Dollar bonds sold by China earned 11.4 percent in the past year, more than double the 4.6 percent for debt in yua...
While Russian government officials parse the ins and outs of dollar diplomacy, Kazakh Central Bank Governor Grigory Marchenko said in no uncertain terms in London today that Kazakhstan is a ready buyer of dollars for at least the rest of the year....
I don’t typically like spending a lot of time on stories that have more coverage by blogs than actual news outlets, but this one is really too juicy to pass up and it also continues our ongoing conversation about the dollar’s prominenc...
This week Russia is hosting the first summit of BRIC nations in Yekaterinburg, which is the third summit in a row in under a week – all of which do not include any participation of North American or Western European countries. It appea...
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