Abe s Asian Gambit

China s Stability Gambit

Erdoğan s Kurdish Gambit

What a curious gambit.

King's Pawn to King Four. King's Pawn Gambit, Orthodox Reply.

Whatever your gambit may be, do you know that, under British law, you cannot be called to give testimony damaging to your husband?

And where is nature s gambit taking us? The proteins with the largest accumulation of structural defects are the prions, soluble proteins so poorly wrapped that they relinquish their functionally competent fold and form aberrant aggregates that may cause degenerative neuropathies.

The Bank of Japan seems well on its way to delivering on the first one embracing what it calls quantitative and qualitative easing (QQE). Relative to GDP, the BOJ s monetary policy gambit could actually far outstrip the efforts of America s Federal Reserve.

India s former ambassador to Afghanistan, Vivek Katju, is confident that Afghan President Hamid Karzai s anger at the Taliban s gambit in Qatar will not delay negotiations for long. (Indeed, Karzai has reportedly already met with Taliban representatives for secret talks aimed at restarting the stalled peace initiative.)

But the Fed s policy gambit has taken the US down the wrong road. Indeed, the Fed has doubled down on an approach aimed at recreating the madness of an asset and credit dependent consumption model precisely the mistake that pushed the US economy toward the abyss in 2003 2006.

The prion is a fitness catastrophe that gives us clues as to where nature s gambit might lead humanity. Perhaps the long term evolutionary cost of our complexity is too high, with our survival as a species ultimately depending on our ability to mitigate its fitness cost through increasingly arduous therapeutic solutions.

Having more than doubled since its crisis induced trough, the US equity market not to mention its amply rewarded upper income shareholders has been the principal beneficiary of the Fed s unconventional policy gambit. The same is true for a variety of once risky fixed income instruments from high yield corporate junk bonds to sovereign debt in crisis torn Europe.

Or even the people who actually pulled it off, who just would sketch out these structures of what would eventually become a worldwide network, and sketching things on the back of napkins and on note papers and arguing over dinner at Howard Johnson's on Route 128 in Lexington, Massachusetts, just two miles from where I was studying the Queen's Gambit Deferred singing Midnight Train to Georgia, while in my dad's big easy chair, you know?

China has also launched a stealth war in the East China Sea to assert territorial claims over the resource rich Senkaku Islands (called the Diaoyu Islands in China), which Japan has controlled since 1895 (aside from a period of administration by the United States from 1945 to1972). China s opening gambit to compel the international community to recognize the existence of a dispute has been successful, and portends further disturbance of the status quo.