With the threat (or realisation) of a budget negotiation-related government shutdown becoming an almost annual spectacle in Washington, it is no small miracle that the Department of Defense is able to maintain the world’s premier armed forces with such fiscal uncertainty.
The jihadist movement known as Daesh has claimed responsibility for the aborted attack on an art contest in Texas. But other than shared motives, there are hardly any real linkages. Overreaction and misreading of the threat will merely play into their hands.
China has established a global financial institution that focuses on building roads, railways and other key infrastructure projects crucial to development in Asia. Though there are concerns raised by the United States, the formulation of the AIIB ties China further into a multilateral system.