The Tea Party movement is blazing its agenda across America. But this is a movement without a cause. If the Whigs, Populists and Feminists can be co-opted by the Democrats and Republicans, this newest third party will suffer the same fate.
The IMF has become little more than an abettor of bad policymaking. To avoid the next meltdown, the IMF must become a global advocacy group. Diplospeak is out; punchy prose and clear policy recommendations are in.
Tokyo has by turns been seen as a promising newcomer, an evil enemy, a dedicated junior partner, a serious economic and technological threat, and now a strategic disappointment. This attitude is detrimental to Washington and Tokyo alike.