By July 2015 it was clear that Russia is paying a steep economic price for its war in Ukraine. Poverty, inflation, unemployment are all rising, the economy is shrinking, and foreign investment is drying up. Moscow had to cut spending on the 2018 FIFA World CUP, pensions, and infrastructure, not to mention health care, education, science and technology, and infrastructure, i.e. human and social capital.
Those in America's foreign policymaking circles who are concerned about the emerging U.S.-led nuclear agreement with Iran are increasingly pinning their hopes not on Washington changing its negotiating posture but, instead, on Iranian Supreme Leader Ali Khamenei walking away from the table.
On June 18, U.S. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Russel offered a press preview of the U.S.-China Strategic & Economic Dialogue (S&ED) now taking place in Washington, D.C. During the briefing Russel fielded a question about U.S. efforts to reduce tensions with China in the South China Sea. His response was surprising: "As important as [the] South China Sea is... it's not fundamentally an issue between the U.S. and China."
It would be fair to say that the past year-and-a-half of nuclear talks with Iran has not been America's finest negotiating hour. But even by the comparatively low standards of U.S. diplomacy to date, the collapse of the American position in recent days has been nothing short of breathtaking.
The euphoria to which Turkey’s June 7 election results have given rise calls to mind an oncology ward patient learning that an experimental protocol might slow the advance of her tumor. The elation is warranted in rough proportion to the desperation of the situation. In other words, good news is, like most things, relative.