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Make no mistake: U.N. Security Council sanctions and additional U.S. and European pressures are hurting Iran. Tehran is having a harder time importing food and other key goods, its foreign investment is drying up, financial firms and shipping companies are turning down its business, and its central bank is running short of hard currency.

What sanctions are not doing, however, is achieving their goal - to persuade Tehran to abandon its pursuit of nuclear weapons. Not only is Iran making more progress in its nuclear program, it's acting more boldly in its region, threatening U.S. interests while distributing weapons that are killing U.S. troops. Because neither current nor additional sanctions alone will deter Tehran, and because a nuclear Iran would be a disaster for the United States and the world, Washington must seriously consider a military option.

Are sanctions capable of derailing Tehran's nuclear drive? Some skeptics reject such measures altogether, preferring to deal with Tehran by either accommodation or containment. Others point to the spotty historical record of sanctions in altering state behavior in arguing that they will similarly fall short of forcing the ayatollahs to rethink their long-standing nuclear ambitions. For example, sanctions were found to be successful in only a third of the 105 instances in which they were applied between World War I and the end of the Cold War.

As the past year has shown, however, Tehran may well turn out to be the exception to the rule—but only if the Obama administration (and Western governments more generally) make swift and skillful use of the economic and strategic means at their disposal.

Are Washington and Tehran headed for a showdown?

For much of the past decade, conventional wisdom has held that Iran’s dogged pursuit of a nuclear capability – carried out in spite of mounting pressure from the international community – will ultimately become a casus belli for Washington. Early on in his tenure, President George W. Bush even went so far as to declare that the U.S. “will not tolerate” Iran arming itself with nuclear weapons, and to indicate that he was prepared to use force to prevent it. Despite its more dulcet diplomatic tones toward Iran, the administration of Barack Obama has grudgingly repeated much the same thing since taking office: that all options, including the use of force, remain on the table for dealing with Iran’s nuclear ambitions. Still, some eight years into the international standoff over Iran’s atomic program, it has become clear that a military option for dealing with an Iranian bomb, if not out of the question entirely, is an exceedingly remote possibility.

That does not mean, however, that Tehran and Washington won’t soon find themselves embroiled in a war. Indeed, Iran’s escalating activity on the territory of its western neighbor, Iraq, could end up becoming the real catalyst for a U.S.-Iranian conflict.

Increasingly, the idea of being a modern Russian means to be detached from Russia itself. The problem has long, Soviet roots, and the ruling tandem acknowledges there is a problem. But are they capable of reversing the trend, wonders Wayne Merry ...

“Modernisation” is the mantra of the current Russian leadership. Both President Medvedev and Prime Minister Putin, albeit in somewhat different language, stress that modernisation is critical to Russia’s future both as a post-hydrocarbon economy and as a competitive state player on the global scene. They describe modernisation as essential to make Russia receptive for investment and entrepreneurship. In recent months, this goal has taken on tones of more than policy priority, but of actual urgency.

"There is no question that talented young Russians are compatible with modernisation, but there is a basic issue whether modernisation is compatible – or even tolerable – within today’s Russia"

For this discussion, “modernisation” may be understood to mean the ability and willingness to adapt to (or even embrace) contemporary ways of doing things in a global context, with the object of adding value to any particular field of human endeavor. It need not be limited to technical or business innovation, although that is the focus of Russian policy.

Welcome to “The Hangover,” Cairo edition. The widespread grass-roots protests that broke out in Egypt this spring succeeded in accomplishing what many skeptics doubted they could: ousting long-serving strongman Hosni Mubarak and ending his 30-year authoritarian rule. But now, some four months on, Egypt’s revolution is obviously on the skids.

The problems start with Egypt’s economy. Under Mr. Mubarak, Egypt’s economic fortunes were comparatively rosy, with the national gross domestic product growing an average of nearly 6 percent annually over the past three years. Today, by contrast, they are anything but rosy. Since Mr. Mubarak’s ouster in February, the Egyptian stock exchange has lost nearly a quarter of its value, prompting its chairman, Mohamed Abdel Salam, to embark upon a frantic tour of Gulf monarchies in an effort to drum up Arab investment. Tourism, the lifeblood of the Egyptian economy, likewise has plummeted, falling an estimated 60 percent over 2010 levels and costing the country more than a half-billion dollars in revenue to date in the process. Nor is a reprieve in sight. According to observers, it could take a decade for Egypt’s tourism industry to rebound fully - if, indeed, it rebounds at all. The prognosis is grim: As a recent analysis in the Asia Times put it, “Egypt’s economy is in free-fall.”