Speaking Up for American Capitalism

Amid all the anticapitalist rhetoric espoused by policy and opinion makers alike, few businessmen dare rise up to the challenge and defend the free market outright. Gregg Sherrill, Chairman and CEO of Tenneco, Inc. is a notable exception. With capitalism under persecution worldwide, the business community has in part itself to blame. As accusations of […]

South Asia’s Fragile Nuclear Balance

The paradigm shaping foreign policy in Washington DC today reads that the futures of Afghanistan and Pakistan are inherently intertwined. The war in the one cannot be resolved as long as insurgents are able to find safe haven in the other while regional stability demands peace across borders. Yet in Pakistan the Americans have to […]

Apple, AT&T and Antitrust

In California, a federal judge has ruled that an antitrust class action suit can proceed against Apple and AT&T. What have those companies done to warrant being hauled into court? Basically, they agreed to sell only “locked” iPhones. A locked phone is one that works only on a specific mobile network — in this case, […]

The Afghan Silk Route: A Pipe Dream?

Afghanistan, situated in the heart of Asia, has for centuries been pivotal to international transport and trade. The argument is made today that for Afghanistan to prosper, it has to reinvent itself as the hub of a modern day “Silk Route” connecting Europe, the Middle East, India and East Asia. The future of Afghanistan, once […]

Reflections on the Asian Financial Crisis

What is now known as the Asian Financial Crisis began in July 1997 in Thailand where the baht fell victim to massive speculative attacks. Before the currency was finally devaluated to lose over half of its value, the country’s economic growth came to a grinding halt amid disastrous layoffs in previously booming sectors as finance […]