Tag: Eastern Europe

With Ukraine War, Europe’s Democratic Project Takes on New Urgency

Chin@Strategy

The Chinese Communist Party is principally concerned about control, but it does also care about good governance, she said, “which is why participatory practices are allowed.” Nevertheless, she cautioned, they are managed by the party and “at any time, the party can pull back.” Jaroslaw Kuisz, editor in chief of Kultura Liberalna, a centrist-liberal media organization in Poland, said that history explains the “nervous sovereignty” of countries on the edge of big empires — for instance, Taiwan, which lives under the threat of mainland China, as well as Poland, Finland…

Federal Reserve Walks a Tightrope Between Inflation and Recession

Chin@Strategy

In an interview, James D. Hamilton, professor of economics at the University of California, San Diego, and a leading expert on the economic effects of oil shocks, said they had “made major contributions to recessions over many decades.” At current oil price and supply levels, the effects of the Russian war “are fairly manageable for the American economy.” But Professor Hamilton pointed out that Russia’s oil, which amounts to about 10 percent of world production, could not be easily replaced if totally cut off — an outcome that he does…