Nasif Ahmed: Hong Kong Independence

The cartoon depicts a man in a construction helmet, alongside others, running from a green blast title "independence".

“Hong Kong Independence”, by Nasif Ahmed.

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Celebrating Independence In Al Anbar, Iraq

Journal of Political Risk, Vol. 7, No. 7, July 2019

A soldier is visible in the background of a desert landscape. A family of three are in the foreground, facing the soldier.

Al Anbar Province, Iraq, in Summer 2007. Photo: Heath Hansen.

Heath Hansen
U.S. Army

Even though it was only 0500, the heat was already approaching the high 90’s and I could feel my sticky uniform only too well, sandwiched between skin and body armor. The Humvee engines were idling and the smell of JP-8 fuel stung my nostrils. “Hansen, 2nd platoon’s electronic warfare vehicle is down. We’ll need you in the lead element for the mission. You’re truck commander.”

“Roger, sir,” I replied to my platoon leader, “My truck’s ready, I’ll let the crew know.” More than four years had passed since the overthrow of Saddam Hussein and we were still trying to secure independence for this country. It was the summer of 2007, in Anbar Province, and my company was headed out for another assignment in Operation Iraqi Freedom.

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Trade Wars, Sanctions and Business Appeasement

Journal of Political Risk, Vol. 7, No. 6, June 2019 

Chinese President Xi Jinping is photographed in the center, addresses a U.S.-China business roundtable, comprised of U.S. and Chinese CEOs on September 23, 2015, in Seattle, Washington.

Chinese President Xi Jinping, center, addresses a U.S.-China business roundtable, comprised of U.S. and Chinese CEOs on September 23, 2015, in Seattle, Washington. The Paulson Institute, in partnership with the China Council for the Promotion of International Trade, co-hosted the event. Source: Governor Jay & First Lady Trudi Inslee via Flickr.

William R. Hawkins
International Economics and National Security Consultant

In his book Appeasing Bankers, Jonathan Kirshner, the Stephen and Barbara Friedman Professor of International Political Economy at Cornell, argues that “Bankers dread war. More precisely, financial communities within states favor cautious national security strategies and are acutely averse to war and to policies that risk war.” He finds this to be a “universal” trait (at least within capitalist societies) evident throughout modern history. This should be kept in mind when watching the large swings in the stock market in response to reports about the progress, or lack of, in U.S.-China trade talks, Iranian threats and turmoil at the Mexican border. While Kirshner focuses on “stability” with an emphasis on inflation and debt accumulation, he notes the “breathtaking financial globalization” that took place in the post-Cold War period. This has made markets even more sensitive to the dynamics of a contentious international system. Fortunately, the stock market rapidly recovers from panics generated by headlines thanks to the fundamental strength of the U.S. economy.

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