Not yet. Middle East turmoil may increase the danger of rising oil prices triggering a double-dip recession. But while a short-lived oil price spike is quite possible, a sustained spike causing serious economic damage isn't likely. Still, the US should consider two approaches for insurance.
Sen. John Kerry is working on a financial aid package to promote emerging democracies in Egypt, Tunisia, and elsewhere in the Arab world. Here are three things to consider as he tries to line up lawmakers behind this idea.
The overall endgame in the Middle East is not clear. But as the region is engulfed in radical change, the Obama administration faces a policy dilemma: Should it encourage the progression to democracy, or preserve autocratic leaders who offer allegiance to the US?
Coming out of a deep recession where many economists worried about the ice-death of deflation, modest inflation helps -- as long as it stays modest.
A choice between a robust US diplomatic program and a healthy federal budget is a false one. As events in the Arab world show, now is not the time to whack the State Department's budget.
We're not likely to see Uganda or other African countries revolt against corrupt governments as the Arab world has done. With the election of Museveni in Uganda, citizens chose short-term stability, with long-term consequences – not just for Uganda, but the entire region.
Republicans bent on cutting foreign aid have forgotten their patriotic, moral duty. We better ourselves and bring pride to the US by feeding the starving, healing the sick, teaching the young, housing the exposed, and supporting democracy. And we help prevent terrorism.
In Western history, state churches had to be weakened, monarchies discarded, and the 'divine right of kings' forfeited for democracy to grow. Which institutions and traditions are Arab nations prepared to give up? Something more than strongmen have to go if the new is to replace the old.
While the outside world is rightly cautious about getting involved in Libya, military effort may be needed to prevent a humanitarian disaster.
The state in Pakistan has yet to execute someone for blasphemy. But that hasn't prevented killings related to this archaic law, such as the murder of a Christian cabinet minister for his effort to reform the law.
China's fierce crackdown of sporadic protests in recent weeks shows that Communist leaders there are watching the Arab uprisings with great anxiety. China would be wise to stay ahead of events by rolling out political reforms.
The West is guilty of wishful thinking when it excitedly imagines people-powered revolt in the Arab world spreading to China. There is dissatisfaction in China. But Tiananmen Square is not poised to become a Tahrir Square anytime soon. Here's why.
The US is weighing a no-fly zone in Libya that might prevent Qaddafi from more attacks on rebel forces. Obama must weigh key lessons from history before acting.
Education courses don’t challenge students’ intellects as much as others do, research shows in the new book "Academically Adrift." That's a problem not just for these students, but the students they will teach. It's time to reclaim education as serious intellectual endeavor.
The Raymond Davis case in Pakistan might have been quietly handled in the past. But public opinion and populist rancour are now factors.
The tea party freshmen in the House have shown their muscle in the skirmish over spending cuts for this year's budget. They should redirect their zeal to a much more important battle – reforming Social Security, Medicare, and Medicaid.
China's currency manipulation aggravates US politicians, but it could also upend its own economic gains. By keeping the yuan artificially low, China increases inflation to dire levels. Instead of whining about the policy, the US must emphasize this dangerous tradeoff to China.