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NEW YORK – Back in 1965, Valéry Giscard d’Estaing, then France’s Minister of Finance, famously called the benefits that the United States reaped from the dollar’s role as the world’s main reserve currency an “exorbitant privilege.” The benefits are diminishing with the rise of the euro and China’s renminbi as competing reserve currencies. And now [...]

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(CNN) Maybe Donald Trump really is the Manchurian Candidate, a stooge of some foreign potentate. Much more likely, Trump is just mentally unstable and narcissist. Whichever it is, Trump is rapidly destroying American global leadership, alliances, and interests. Wednesday’s announcement of new tariffs on steel and aluminum exports from Canada, Mexico, and the European Union is [...]

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NEW YORK – Donald Trump’s renunciation of the Joint Comprehensive Plan of Action (JCPOA) with Iran and the reimposition of US sanctions on that country threaten global peace. Europe’s security depends on defending the agreement with Iran despite the US withdrawal. That, in turn, requires Europe, along with Russia, China, and other United Nations member [...]

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NEW YORK – There are two types of foreign policy: one based on the principle “might makes right,” and one based on the international rule of law. The United States wants to have it both ways: to hold other countries accountable to international law while exempting itself. And nowhere is this truer than on the [...]

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(CNN) Bless your soul, Mick Mulvaney, for spelling out so clearly and succinctly the evil that drives Washington. As the former congressman and now interim director of the Consumer Financial Protection Bureau explained to bankers on Tuesday, “We had a hierarchy in my office in Congress. If you’re a lobbyist who never gave us money, I didn’t talk [...]

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In recent years, New Yorkers, like people all over the world, have faced the realities of human-made climate change: extreme storms, rising sea levels, summer heat waves, massive winter nor’easters, and a $20 billion plan to reduce future flooding. Last year, the United States as a whole experienced the highest losses from climate disasters, an [...]

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The EU has taken the lead in responding to abuse by the likes of Facebook, thanks to its new privacy standards and proposed greater taxation of peddlers of online personal data. Yet more is needed and feasible. Read the full article on Project Syndicate.    

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(CNN) The federal government’s top ethics official has asked the Environmental Protection Agency to take “appropriate actions to address any violations” rising from the behavior of the agency’s administrator, Scott Pruitt.  Read the full article on CNN.

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Published in The Boston Globe. President Trump recently suggested that the United States should come out of Syria “very soon.” Leading voices of the foreign policy establishment — in the Pentagon, State Department, Congress, and the media — pushed back, calling for the United States to stay in Syria. Trump quickly acquiesced. Trump was right (yes, a [...]

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