The EU-Turkey migrant draft deal touted last week as a breakthrough to settle the current refugee crisis faces difficulties, as some EU member states voiced resentment over Ankara’s demands, with Paris and Prague branding Turkey’s approach ‘Blackmail”. EU and Turkish leaders had agreed on a tentative plan that would see new migrants landing in Greece sent back to Turkey. For ...

What should the U.S. government do to fight recessions? What should it do to fight slow growth? This is the eternal question of so-called countercyclical policy. The two mainstream ideas are fiscal and monetary stimulus. The fiscal version works by having the government borrow and spend money, either on useful things like infrastructure, or by simply mailing people checks. The ...

On Monday, Malaysia’s defense minister Hishammuddin Hussein suggested if reports that China is placing military assets in the Spratlys are true, it would force the Southeast Asian state into a “pushback” against China. “If the reports we’ve received from various sources regarding the buildup and placement of military assets in the Spratlys are true – this forces us in a ...