In The News

Josh Siegel September 8, 2017
The US Merchant Marine Act of 1920, also known as the Jones Act, is often referred to as a case study in protectionism. Generally the act “prohibits any foreign built or foreign flagged vessel from engaging in coastwise trade within the United States,” explains the Maritime Law Center, noting that the courts have given wide interpretation and the “term applies to a voyage that beginning at any...
Kersten Knipp September 7, 2017
The US president is signaling an opinion that Iran is not complying with the nuclear deal in place since 2015. Without providing specifics, the US ambassador to the United Nations suggests that the United States has technical reasons for ending the agreement, though these would “contradict the information provided by the International Atomic Energy Agency,” reports Kersten Knipp for Deutsche...
Matthew E. Kahn, Brian Casey and Nolan Jones September 7, 2017
Flooding, wildfires and other risks associated with climate change are on the rise, and “and yet behavioral economics research argues that we are collectively underinvesting in protecting ourselves,” write Matthew E. Kahn, Brian Casey and Nolan Jones for Harvard Business Review. Reasons include a tendency to focus on short time frames, optimism on risk exposure and lack of preparation. The...
Dany Bahar September 6, 2017
In the aftermath of Brexit and Donald J. Trump’s presidential ascension, a world that embraced globalization and free trade is turning its back on economic and political principles established after the Second World War. Dany Bahar, writing for the Cairo Review of Global Affairs, prefaces his advocacy for more global trade by arguing that protectionism – a policy championed by Trump to revive the...
Choi He-suk September 6, 2017
Nuclear-armed North Korea poses a grave threat to South Korea. North Korea seeks to reunite with South Korea with the Kim regime in charge. South Korea, the world's 11th largest economy, thrives while North Korea does not rank among the world's top hundred economies. China and Russia help supply North Korea, and security analysts suggest that the two countries are key to restraining...
September 5, 2017
Texas, India and Niger confront record flooding, and in Houston, the fourth largest US city, nearly 50 inches of rain fell after Hurricane Harvey landed. According to the United Nations’s disaster-monitoring system, the United States “sits alongside China and India in suffering the greatest number of natural disasters globally between 1995 and 2015. These include earthquakes, storms, floods and...
Ghaith al-Omari and Grant Rumley September 5, 2017
War in Gaza seemed possible this summer after Israel went along with Palestinian Authority President Mahmoud Abbas’s request to cut electricity for 2 million Gazans living under Hamas rule. As Ghaith al-Omari and Grant Rumley observe in a recent article for Foreign Affairs: “Abbas hoped to pressure Hamas into relinquishing control over the strip, which was plunged into darkness as the cornered...

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