The Dubai Skyline2010: The Year Of Bankrupt Gov'ts -- Ralph Peters, New York Post
Yes, Virginia, there is a Santa Claus. But he only comes for kids -- not for governments that have bragged, borrowed and spent their way into bankruptcy. Two Thousand Ten is going to belong to the Grinch.
For spendthrift governments around the world, the new year's going to bring massive defaults. The new globalization may be the globalization of a second wave of financial crises.
The world economy is not convalescing. It's just been pumped full of unaffordable medicines. Borrowing madly, countries as diverse as Greece and Dubai have been buying time, not fiscal health.
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Commentaries, Opinions, And Editorials
The Definitive Account of Tora Bora -- Peter Bergen, The New Republic
The Beginning of the End in Afghanistan -- Olaf Ihlau, Der Spiegel
How to Whip the Afghan Army into Shape -- Mark Moyar, Foreign Policy
Pakistani Taliban sends reinforcements to Afghanistan -- D. McElroy, Telegraph
Depression stalks development in Arab countries -- Justin Thomas, the National
South Korea Looks to Wider Security Role -- David Axe, World Politics Review
Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan -- Hiroko Tabuchi, NYT
The Difficulty of Being Ukraine -- Mark Medish, Int'l Herald Tribune
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