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Could sovereign debt be the new subprime?
As policymakers rush to implement reforms, they are apt to create distortions that pave the way for the next disaster. Gillian Tett warns that the banking sector’s balance sheets are increasingly stuffed with government bonds
Put space at the heart of US-India relations
After the end of the Soviet Union, the US has had no real peers in outer space – India can help Washington pursue its goals at lower cost, write Karl Inderfurth and Raja Mohan
Europe risking irrelevance as world moves on
The appointments of the EU’s first full-time president and foreign minister suggest it is not adapting fast enough to profound changes that are eroding its influence, writes Tony Barber
Outside Edge: A woman’s fight to air her dirty laundry
Carin Froehlich of Perkasie (home town of Miss Pennsylvania 1971, apparently) has been warned not to dry her laundry on a clothesline outside, following two complaints from neighbours, writes Matthew Engel
Inside the dreams of Mullah Omar
The Taliban leader’s actions are often determined by night visions, making the future of fighting in Afghanistan hard to predict, writes Kenneth Ballen
Politicians must tell the truth: immigrants help society
Governments have created a bureaucratic and human rights mess in which asylum seekers can be detained indefinitely, writes Eamonn Butler
China can build on the base of its sound banks
Only with proper firewalls between them can banks and capital markets function as two engines of economic growth. If one fails, the other can still carry on, writes Liu Mingkang
Tackling systemic risk is no job for the status quo
Supervision must be free of regulatory and administrative conflicts in order to ensure the safety and soundness of the financial system, write William Donaldson and Arthur Levitt
Why Saudi Arabia should rethink its Yemen strategy
Governments far beyond Yemen’s borders should also be alarmed at the deteriorating security in a country that has long been a breeding ground for the religious extremists of al-Qaeda, writes Roula Khalaf
Companies need a culture change to escape bribery prosecutions
Britain’s embarrassing record on corruption is the target of planned legislation, writes Will Kenyon. Companies need to start preparing their defences now
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