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Oil’s Slippery Slope

A complex thread connects Russia, Iran, Turkey, Israel, the Saudis, and the Houthis – the wars over the price of hydrocarbons at Western pumps. Jerusalem may need to reconsider its ties with Ankara. It’s unclear whether it’s only shadow theater or something is truly moving behind all the recent posturing about Russia, Iran, and the […]

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Don’t Deport Christian Syrians

Germany is about to cease granting political asylum to Syrians and to begin repatriating some of them back to their country. After more than a decade of civil war in Syria, the country has finally reached some measure of political stability, and some in Berlin believe the new situation doesn’t warrant the continuation of asylum. […]

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An Italian Democratship?

Nearly a century after the Lateran Pacts, the crisis in voter turnout and the new premiership law could turn Italy into a low-representation democracy. The Vatican, bound to Rome’s political destiny, is also concerned. The new electoral law that Parliament just passed raises delicate questions for the Holy See. In 1929, with the signing of […]

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Only One Money for China 2

The dollar is the global centerpiece; even the RMB is pegged to it. Despite everything, few people trust another world currency. The prices for China’s trilemma and its strategies. The Summer Palace Yiheyuan in Beijing was completed by the last empress, Ci Xi, shortly before the dynasty’s end, a little over a hundred years ago. […]

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Only one money for China

The global market: conquer it, banish it, or integrate it. Modern times impose an unprecedented trilemma on China. Beijing may want to fudge it, but there is no way around it. The Chinese Communist Party, like the Holy See, meets challenges from a broad conceptual standpoint. Currently, its currency is not fully convertible, whereas all […]

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Holy See: Looking at the World from Paris and New York

Multilateralism is in crisis, yet the world needs it. The Pope and his Secretary of State reach out for a better Europe. Pope Leo’s visit to France and Secretary of State Cardinal Pietro Parolin’s attendance at the opening general debate of the 81st UN General Assembly must be viewed as a joint initiative by the […]

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US-China, Mohamet and the Mountain

Reversals are so commonplace in history that for the Mountain to come to Mohamet, sparing him the arduous climb to its holy heights, need cause little surprise. Xi Jinping has come to Washington, where he was lavishly received and duly honored by President Donald J. Trump. Mr. Xi is General Secretary of the Chinese Communist […]