The United Nations Security Council (UNSC) capped a week of tough negotiations yesterday over a response to North Korea’s April 5 launch of a multi-staged rocket. In a strongly worded statement, this month’s UNSC president, Mexican Ambassador Claude Heller, termed the launch a “contravention” of UNSC Resolution 1718, which forbids the Democratic People’s Republic of Korea (DPRK) from engaging in missile-related activities. The government of the DPRK claimed the launch was meant to place a communications satellite into orbit. However, no one outside North Korea has spotted the alleged satellite. Since the technologies used for space rockets and long-range ballistic [...]
The current global financial crisis is unique in that, unlike most previous crises — which started in the periphery of the world economy, and whose deep and long-lasting impacts were limited to isolated parts of the globe — today’s crisis is rooted in Wall Street, at the heart of the globalized market, from where it has grown and spread worldwide. As a result, powerful, globalized economies have taken the first and hardest punches. Although still a bit groggy, they are now struggling to get back on their feet. But while economists discuss how and when economies will emerge from this [...]
Following up on the discussion of regional strategic balance in Asia, this article on Indian-Chinese maritime rivalry in the Indian Defense Review is essential reading. The IDR is often an outlet for the Indian military’s extreme nationalist wing, but this particular article takes an objective analytic approach to the subject that’s well worth a close read. Significantly, the U.S. is trying to wrap up wars in the Middle East andSouth Asia that have increasingly transformed our operational capacityinto a ground-based force of occupation, at the very moment when theemerging strategic focus of just about all of the world’s majormilitary braintrusts [...]
