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February 18, 2014For more, visit
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OBAMA: Where should President Barack Obama build his presidential library? The Editors: "Instead of one ultimate site, why not choose several? ... In Obama's case, a presidential library structured like a chain of islands (as opposed to a city-state) would actually be appropriate -- reflecting the arc of his life."
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JAPAN: "A series of recent blunt statements from U.S. officials have left no doubt that Washington blames China's maritime expansionism for rising tensions in Asia," the Editors write. "Now, America's main ally in the region needs to hear a similarly forthright message."
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IMF: Douglas A. Rediker and Angel Ubide: "Hoping to learn from what it sees as its missteps in handling the Greek bailout and other recent crises, the International Monetary Fund is quietly wading into one of the most sensitive issues in international finance: How to balance political, economic and financial considerations when a country might not be able to pay back its debts."
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OLYMPICS: "Today's Russia may be a wealthier, more open nation than the Soviet Union in the early 1980s, but President Vladimir Putin's propaganda machine is working hard on restoring the stifling moral climate of 30 years ago," Leonid Bershidsky writes. "The Sochi Olympics, Putin's pet project meant to boost patriotic sentiment, presented the propagandists with a chance to take a giant leap in that direction."
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CHINA: William Pesek: "China's $3.8 trillion of currency reserves are the largest stockpile ever amassed. Economists have long seen that money as a strength -- the ultimate rainy-day fund should China's shadow-banking system blow up. Trouble is, the value of those holdings depends on China's $1.3 trillion of U.S. Treasuries."
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POLITICS: The Affordable Care Act's setbacks and Chris Christie's scandal "demonstrate that once a narrative is established in U.S. politics, it's very hard to shake," Albert R. Hunt writes.
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