The Age

Policymakers Beware: Falling $US and Undervalued Yuan a Recipe for Disaster

Over the past several weeks, the US dollar's depreciation against the euro and yen has grabbed global attention.

In a normal world, a weaker US dollar would be welcome, as it would help the US come to grips with its unsustainable trade deficit.

But because China links its yuan to the US dollar at an undervalued parity, the US dollar's depreciation risks major global economic damage, complicating the recovery from the worldwide recession.

Thomas Palley | The Age | November 10, 2009

Cheney's Secret Plan Pushed Legal Limits | The Age

Peter Bergen, a senior security analyst at the New America Foundation, said the secret operation must have gone further than that to have created such a ...
Peter Bergen | July 14, 2009

Iran Tense as Election Anger Mounts | The Age

Ken Ballen, head of a group called Terror Free Tomorrow: The Centre for Public Opinion, and Patrick Doherty, of the New America Foundation, revealed that they had done a phone poll across all 30 provinces three weeks before the vote that gave Mr ...
Patrick C. Doherty | June 17, 2009

Crackdown Crunches Iran Reformers | The Age

Steve Clemons, a director at the New America Foundation, said: "Iran will be tied in knots now — for a long time. What worries me about this is the tendency of Iran's leadership to generate external crises and international focal points to try and ...
Steven Clemons | June 14, 2009

US Senate Debate Future of Journalism | The Age

"American journalism has entered a phase of what the economist Joseph Schumpeter called 'creative destruction,'" said another witness, former Washington Post managing editor Steve Coll. "Unfortunately, at present, the rate of destruction of ...
Steve Coll | May 7, 2009

Steven Clemons the Sydney Morning Herald, the Age | 'N Korea Soon off Terrorist Blacklist'

...Steven Clemons, who also writes the blog The Washington Note, said there were signs within the Administration and the State Department that the lifting of the terrorism designation was imminent.

"This is seen as a key confidence-building step by North Korea and China in moving towards North Korea's eventual return to the nuclear non-proliferation club," he wrote.

But he said the office of the Vice-President, Dick Cheney, was a dissenting voice in the Administration's internal discussions... LINK

Steven Clemons | June 26, 2008