In Europe, the ancien régime of the moderate Right and Left is falling prey to the disruptors—mainly rightwing populists, but also non-threatening environmentalists like the surging German Greens who appeal to the center.
Annenberg Conference Room, Lou Henry Hoover Building
Charles Calomiris, Distinguished Visiting Fellow at Hoover, Henry Kaufman Professor of Financial Institutions at Columbia Business School, Director of the Business School’s Program for Financial Studies and its Initiative on Finance and Growth in Emerging Markets, and Professor at Columbia’s School of International and Public Affairs, discussed “Monetary Policy and Exchange Rate Returns: Time-Varying Risk Regimes.”
Blank Section (Placeholder)Analysis and Commentary
Fifty-two years ago, Israel vanquished its Arab opponents in the Six-Day War, waged from June 5-10, 1967. Israeli victory led to its occupation of the West Bank, Gaza Strip, Sinai Peninsula, and Golan Heights. The war and its outcome had significant implications for the future of the Middle East, and its repercussions echo to this day.
Late in the evening on June 5, 1944, U.K. Prime Minister Winston Churchill ominously told his wife before they went to sleep, “Do you realize that by the time you wake up in the morning twenty thousand men may have been killed?”
Seventy-five years ago, American, British, Canadian, and French soldiers stormed ashore on the beaches of Normandy to begin the final campaign in the liberation of Europe from Nazi tyranny. It was an operation four years in the making, ever since the withdrawal of British and French troops from Dunkirk after the disastrous battle for France left the Wehrmacht in control of Northwest Europe. The campaigns waged by the Grand Alliance—the Battle of the Atlantic, the strategic bombing offensive, the invasions of North Africa and Italy— were preludes to this decisive moment in World War II. Millions of soldiers and tens of thousands of pieces of military equipment were staged in Britain in anticipation of this venture.