Commentaries, Analysis, And Editorials -- August 11, 2015

Mark Gilbert, Bloomberg: China Escalates the Currency Wars

China's shock move to trigger the biggest one-day decline in its currency for more than 20 years is evidence that the currency wars are still live. It's also a timely reminder that the Federal Reserve's seeming determination to raise interest rates next month risks propelling the dollar even higher, to the dismay of U.S. companies already struggling to maintain exports.

Here's what Fed officials will see when they get to their desks this morning and check out what's been happening in the currency markets while they were sleeping:

Commentaries, Analysis, And Editorials -- August 11, 2015

Here's why China devalued its currency -- Scott Cendrowski, Fortune

Q&A: What yuan devaluation means for China, other countries -- Joe McDonald and Paul Wiseman, AP

What Does China's Devaluation Mean? -- Bloomberg editorial

Endless battle: Fighting systemic corruption in Iraq -- Ibrahim Al-Marashi, Al Jazeera

In Iraq's anticorruption reforms, a rejection of US-backed model -- Denise Hassanzade Ajiri, CSM

Is Obama's strategy against Islamic State working? -- Doyle McManus, L.A. Times

Unpredictable peace: Taliban's internal instability -- Rahimullah Yusufzai, Al Jazeera

Isis stands to gain from Taliban crisis -- Sune Engel Rasmussen, The Guardian

The South China Sea Crisis Threatens to Boil Over -- Noah Rothman, Commentary

After South China Sea Finger-Pointing at ASEAN Meeting, China Offers Its Defense -- Shannon Tiezzi, The Diplomat

Vladimir Putin, failed spy -- Jim Hoagland, Washington Post

Hillary Clinton's Role in Losing Russia -- Leonid Bershidsky, Bloomberg

Puerto Rico's Debt Dilemma: America's Little Greece? -- Samuel Rines, National Interest

Why Google is restructuring, why the name Alphabet and how it affects you -- Alex Hern, The Guardian

OPEC just kicked oil into the $30s -- Patti Domm, CNBC