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Though the threat of war on the Korean Peninsula can't be ruled out, the United States will probably try to avoid a costly preventive strike against the North's nuclear weapons program that would plunge the global economy back into recession.
The main theme of U.S. President-elect Donald Trump's campaign was retrenchment, the idea that the United States will pull back from overseas obligations, get others to carry more of the weight of their own defense, and let the United States focus on boosting economic competitiveness.
The United States and Russia are still locked in an intractable standoff. Nationalism is resurfacing in Europe. The price of oil and other commodities are low. Chinese consumption is falling.
2014 was the year in which the world was finally shaken out of complacency. Ukraine triggered Russia's inevitable confrontation with the United States and Europe. Economic malaise in Europe became impossible to ignore. An intensifying anti-corruption drive in China exposed how far and deep the Chinese leadership is willing to go manage dissent.
A Tesco distribution plant in December 2014 in Reading, England. In the lead up to Christmas, Tesco's busiest time of the year, 13,000 staff worked around the clock at 28 distribution centers across the United Kingdom.
The rules of the game are changing in the international system. In 2013, we will see that denial of that change is waning.
A statue of the euro symbol by German artist Ottman Hoerl stands in front of European Central Bank headquarters in Berlin.
A line of U.S. Army armored vehicles lines up at Camp Virginia near the capital of Kuwait as soldiers pull out of service in Iraq.
A Russian missile launcher rolls through Moscow's outskirts while rehearsing for a parade.
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