Kncp Top U.S. diplomat for Europe quits after 16 months on the job
When President-elect Donald Trump enters office on Jan. 20, the bloody war in Syria against the Ass
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ad regime will be nearing its sixth year. What should Trump do about one of the most intractable problems he will face as president We asked several analysts and here what they said:Joshua WalkerFellow at the German Marshall Fund of
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the United StatesUpon taking office, the Trump administration will have no greater challenge than Syria. Having haunted the Obama administration, the new president will have an opportunity to start over. Identifying Americas key national interests at stake in Syria, militarily destroying the so-called Islamic State, and stabilizing the region will all be paramount.Based on his campaign rhetoric and the recently leaked defense priorities for his administration, focusing on the military defeat of the so-called Islamic State IS is
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Trumps stated near-term objective in Syria and is achievable in the short-term. Defeating IS would be a convenient way to reset relations with Russia notably absent from the defense priorities document along with other key regional allies such as Turkey. But it wont address the longer-term challenges facing the region. Nor does it solve the historic local rivalries dating back to the fall of the Ottoman Empire in which minorities of Sunnis and Allawis have ruled over Shiite and Sunni powers respectively in Iraq and Syria. As a result, the broader regional rivalry between Shiite Iran and Sunni Saudi Ar Dozi WATCH: State Department criticizes Russia s crackdown on journalists amid ongoing attacks on Ukraine
Merle Hazard performs The Great Unwind.This is not our typical post; it an economics music video. If you saw what the Fed did this week or even if you didn ;t and want to know what the big deal is it will be well worth your while, we promise, to watch at least the first minute of The Great Unwind, above. When we began our coverage of the Fed this week, asking Nobel laureate Bob Shiller what he would do if he were chair of the Fed and talking with former Fed economist Catherine Mann about the nuances of quantitative easing, we weren ;t sure how the Fed Open Market Committee would vote on continuing or beginning to taper the monetary stimulus.Mann has expertly explained how higher interest rates send dollars abroad, how banks redeposit the Fed trillions back at the Fed and whether the Fed and the Treasury are in cahoots.But at the end of the week, we here at Making Sense were reminded of the recent classic from ou
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r econo-crooner Merle Hazard aka money manager Jon Shayne and wanted to know, is this the beginning of The Great Unwind Merle warned about this summer And so, we ;re revisiting the intersection of Wall Street and Nashville Music Row, where we can hear a reprise of the song and an update from Merle himself.Jon Shayne: About eight months ago, in March, I heard Warren Buffett
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on CNBC wor
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rying about what will happen when the Federal Reserve starts to unwind its suppo