Conflict & Conflict Resolution

Hand-Off details the Bush administration’s national security and foreign policy as described at the time in then-classified Transition Memoranda prepared by the National Security Council experts who advised President Bush. Thirty of these Transition Memoranda, newly declassified and here made public for the first time, provide a detailed, comprehensive, and first-hand look at the foreign policy the Bush administration turned over to President Obama.

In late 2017, Mexico made headlines as Italian company Enel bid what was then a world-record low price for renewable energy in the country’s third such energy auction. This development was possible due to the historical and sweeping energy reforms passed with broad support in Mexico in 2013. Then-President Enrique Peña Nieto had succeeded where previous Mexican presidents had failed, reversing decades of resource nationalism and overhauling the energy sector through constitutional reforms that gave the private sector a larger role and advantaged renewable energy in Mexico’s economy. The 2017 auction seemed to indicate Mexico’s bright future not only as a conventional oil producer, but also as a clean energy power.

President-elect Joe Biden’s decision to create a new cabinet-level position for climate-related issues — and to choose so prominent a figure as former Secretary of State John Kerry to fill it — demonstrates Biden’s sincerity over putting climate at the very center of U.S. foreign policy. It is easy to understate the importance of this appointment, given the flurry of czars created by most new administrations.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

Could using the cash in your pocket have the potential to spread covid-19? That question has rarely appeared in the news, but many governments and leaders in the digital payments industry are wondering how the virus might impact the use of cash. Several countries have already taken drastic measures to limit circulation of bank notes. Could such interventions lead to the end of cash payments?

Because hand-to-hand exchange of physical currency could transmit the coronavirus, countries around the world are being forced to reconsider the use of cash. In fact, COVID-19 might turn out to be the catalyst that finally brings digital payments fully into the mainstream. Not surprisingly, the digital-payments industry is already focusing on the opportunities created by the crisis.

For many, like me, who worked on policy toward Afghanistan for years, recent leaks about an impending agreement between the U.S. and the Taliban bring mixed emotions. It is impossible to separate any deal from President Donald Trump’s persistent declarations that he wants to withdraw U.S. troops from Afghanistan now. Such assertions weakened the hand of America’s negotiators and inevitably color any agreement – whatever its merits – with “America First” and the sense that the U.S. is cutting and running.  Nevertheless, if a deal materializes, it could represent the best opportunity in years to secure American interests and downsize U.S. military commitment in Afghanistan.

The move of President Donald Trump to visit Baghdad on Wednesday is a small, good one, amid a week of calamitous decisions. The press will understandably highlight the time that Trump spends with U.S. troops. Yet a key objective of the trip will have been to shore up the new Iraqi government's confidence in the U.S., as Iraqi officials must be high on the list of those shocked by the president’s recent decisions to rapidly withdraw U.S. forces from Syria and Afghanistan. Perhaps the president has realized that his administration has some hard work to do if there is any hope of keeping his latest determinations from dramatically strengthening Iran.