India's Top Banker: World Heading towards New Great Depression?

The head of India’s central bank, who predicted the 2007-2008 financial crisis, is now warning that the world may be gradually headed towards another Great Depression.

Speaking at an economics conference at the London Business School late last month, Raghuram Rajan, the governor of the Reserve Bank of India, claimed that the monetary policies of the leading developed nations could be creating conditions similar to those that led to the Great Depression.

Watch Out, China: India's Navy Wants 200 Warships

India aspires to have a 200-ship navy by 2027, a senior naval official revealed this week.

According to India’s Economic Times, Admiral P. Murugesan, the vice chief of India’s naval staff, said that the navy is seeking to have 200 warships operational by 2027, up from just 137 at present.

If America Went to War with China, What Would Washington's Allies Do?

The ANZUS study released this week by SDSC in conjunction with CSIS (PDF) says a lot of interesting things about the U.S. alliance, but it seems to evade the hard issue at the heart of the strategic choices confronting both Australia and America today: what order do we wish to see in Asia in the Asian Century, and what role should America aim to play in it?

The SDSC–CSIS paper certainly raises this question, in commendably clear and direct terms:

Revealed: Why Kim Jong-un Executes So Many North Korean Officials

Much has been made of North Korean leader Kim Jong-un’s propensity to execute high-ranking officials, most notably, his uncle: Jang Song Thaek. More recently, reports emerged that Kim may have ordered the execution of former North Korean Defense Minister Hyon Yong-chol. These moves, many foreign analysts say, underscore the young North Korean leader’s precarious grip on power.