US bank trouble heralds end of dollar reserve system

NEW YORK – The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, […]Continue Reading

US to announce more sanctions against Myanmar junta

JAKARTA: The United States will announce further sanctions against entities inside Myanmar in the coming days, a senior State Department official said on Wednesday (Mar 22). Speaking to reporters in Jakarta, US State Department Counselor Derek Chollet said the sanctions will make it more difficult for Myanmar’s junta to generateContinue Reading

US protectionism eroding its allure in Asia

Protectionist trade policies and the lack of an economic agenda for East and Southeast Asia have become central themes in critiques of US policy towards the region and its approach to managing US-China “strategic competition.” According to these accounts, US protectionism undermines its economic draw in East Asia — and the political leverage stemming from it — at a time when it has […]Continue Reading