Absolutely nothing in the news
Jonathan PowerIt seems fashionable to argue that the wheels are coming off Barack Obama’s foreign policy. It’s a position which the distinguished American scholar Philip Bobbitt stakes out in the most recent edition of Prospect. But, in truth, nothing much is happening in foreign affairs—and even if he himself had not earned his peace price, President Obama reflects the new era of tranquility over which he presides.
Let’s look at the ledger. Iraq has all but disappeared from the front page. Afghanistan and Pakistan remain, but even here investors are still steadily upping their investments in Pakistan, presumably judging that the conflict is being over-hyped. The argument with Iran over whether it is building nuclear weapons drags on, despite the forgotten report of the CIA two years ago, which found that Iran was probably not. Iran now says it might ship some of its used uranium to Russia to be converted into fuel (to provide medical isotopes) or else import from Europe, instead of manufacturing its own. The argument should now be relatively easy to wrap up.
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