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Friday, June 27, 2014

Islamic Extremists Are Stepping Up Their Recruiting Efforts



Islamic Extremists Are Stepping Up Their Recruiting Efforts

Extremists are leveraging recent military gains in Iraq and Syria to get new recruits from Western countries and elsewhere. By Global Security Newswire http://www.defenseone.com/threats/2014/06/islamic-extremists-are-stepping-their-recruiting-efforts/87391/?oref=defenseone_today_nl

Iraq Is Spending $1 Billion To Build a New Parliament



Iraq Is Spending $1 Billion To Build a New Parliament // Michael Silverberg

Take a look at the plans for a new parliamentary building in Baghdad, designed by the well-known London-based, Iraqi-born architect Zaha Hadid. By Michael Siverberg http://www.defenseone.com/ideas/2014/06/iraq-spending-1-billion-build-new-parliament/87379/?oref=defenseone_today_nl

Three Misconceptions About Drones // Janine Davidson


Three Misconceptions About Drones // Janine Davidson

A new report by the Stimson Center's Task Force on U.S. Drone Policy examines some common beliefs about drones. By Janine Davidson http://www.defenseone.com/technology/2014/06/three-misconceptions-about-drones/87373/?oref=defenseone_today_nl

Beware the Salesmen of Simple Solutions on Iraq


Beware the Salesmen of Simple Solutions on Iraq

Moisés Naím Op-Ed June 24, 2014

Summary
Those who have ‘obvious’ solutions to the crisis in Iraq assume that the U.S. government and military have more power, skills, and knowledge than what recent experience has repeatedly demonstrated.

Congressional leaders left the White House on Wednesday ‘deeply frustrated’ that President Obama had not found a swift resolution to the conflict between Sunnis and Shiites that began in the seventh century A.D…. ‘All we ask of this President is that he do one thing: settle a religious conflict that has been going on for a millennium and a half,’ [Senator] McConnell said. ‘What did he offer today? Nothing.’ Speaker of the House John Boehner … [added], ‘This struggle between Sunnis and Shiites has been going on for almost fifteen hundred years … [which] means President Obama has had ample time to fix it.”

The passage above is a spoof written by the political comedian Andy Borowitz.

WPR Articles June 23, 2014 - June 27, 2014

WPR Articles June 23, 2014 - June 27, 2014

Supreme Court’s Argentina Debt Ruling Will Reverberate in Emerging Markets

By: Daniel McDowell | Briefing
The U.S. Supreme Court is no stranger to setting legal precedents that reverberate for generations, though those rulings often have little impact outside the U.S. With its ruling last Monday that Argentina must pay $1.3 billion to a group of persistent creditors, however, the high court has potentially delivered a blow to emerging market economies, and might have changed the face of international finance.

Battle Over European Commission Presidency Leaves U.K.’s Cameron Isolated

By: Maria Savel | Trend Lines
The race for European Commission president got a bit more interesting over the weekend as leaders from Europe’s left, including French President Francois Hollande and Italian Prime Minister Matteo Renzi, reportedly backed Jean-Claude Juncker’s candidacy, setting up a showdown with U.K. Prime Minister David Cameron, who opposes Juncker.

What Lessons Will the U.S. Military Learn From Iraq’s Collapse?

By: Steven Metz | Column
As extremists from the Islamic State of Iraq and Syria march on Baghdad and much of the Iraqi army runs away, American military veterans have been struggling to understand why the government and military that they worked so hard to create in Iraq has failed so miserably. This is more than simply soul searching: The outcome of this debate could have far-reaching implications for the future U.S. military.

Turkey Hostage Crisis Could Limit U.S. Options in Iraq

By: Eric Auner | Trend Lines
The fall of Mosul to the Islamic State of Iraq and Syria (ISIS) suddenly put Iraq back on the top of the U.S. foreign policy agenda. Although stories of fleeing Iraqi troops got most of the attention in U.S. media, the hostage-taking of 49 Turkish citizens from the Turkish consulate in Mosul as well as 31 other Turks from elsewhere in northern Iraq, could limit U.S. options in responding to the growing chaos in Iraq.

South Africa’s Zuma, ANC Must Deliver on ‘Transformation’

By: James Hamill | Briefing
In his inaugural address, South African President Jacob Zuma identified “rapid economic transformation” and “inclusive growth” as the policy centerpieces of his second term in office. This emphasis on transformation reflects an underlying unease within the ruling ANC and represents a tacit recognition that Zuma’s first term was largely squandered due to scandals, managerial incompetence and party strife.

Race to Succeed Ban at U.N. Heats Up

By: Richard Gowan | Column
The race to succeed Ban Ki-moon as secretary-general of the United Nations is heating up. More or less open candidates are emerging with growing frequency. This may seem premature: Ban will not leave office until the end of 2016, and he has a lot of unfinished business to attend to. But if Ban seems intent on going out with a bang, U.N. officials and diplomats are already speculating about his successor.

As ISIS Chaos Grows, Iraqi Kurds Must Not Overplay Their Hand

By: Hannes Cerny | Briefing
With insurgents from the Islamic State in Iraq and Syria advancing on Baghdad, Iraq finds itself in the worst political and military crisis since the height of the civil war in 2006-2007; its very survival as a state is in doubt. Iraqi Kurds appear to have gained the most from the anarchy, but they must proceed with caution. Kurdish plans for greater autonomy would suffer if the Iraqi state fell apart altogether.

Despite Softer Rhetoric, Iran Foreign Policy Shows Little Change

By: Richard Weitz | Column
One of the major issues affecting U.S. deliberations over whether to accept a nuclear deal with Iran or to cooperate with Tehran in Iraq is the question of how much Iranian foreign policy has changed under President Hassan Rouhani. In fact, a survey of Iranian foreign policy during the past year shows major improvements in only a few areas, with a harder line on other issues and broad continuity in most cases.

Lebanon’s Presidential Crisis Hangs on Saudi, Iranian Rivalry

By: Bilal Y. Saab | Briefing
Lebanon’s presidential crisis has local dimensions, but the root causes of the void are external. They are linked to the regional power struggle between Iran and Saudi Arabia, the main outside backers, respectively, of the Shiite Hezbollah and its rival, the Sunni Future Movement. So long as Tehran and Riyadh disagree over who should occupy the presidential palace, Lebanon will be without a head of state.

Spain’s Exclaves Prove to Be Security Boon as Well as Risk

By: The Editors | Leading Indicators
Spanish police have recently begun to crack down on Islamist militants in its exclaves Ceuta and Melilla in North Africa. In an email interview, Gerry O’Reilly, senior lecturer in geography and international affairs at St Patrick’s College, Dublin City University, discussed Spanish policy toward both autonomous territories.

Kidnapping of Israeli Teens Could Scuttle Hamas-Fatah Deal

By: Frida Ghitis | Column
The abduction of three Israeli teenagers has reawakened enmity between Hamas and Fatah, dormant since a recent reconciliation deal that produced a unity government and called for Palestinian elections to be held within six months thereafter. But the process is now suspended and may come apart. If the kidnapping was carried out by Hamas, it may just turn out to be a milestone mistake for the organization.

The Party and the Army: Civil-Military Relations in Cuba

By: William M. LeoGrande | Briefing
When Raul Castro became president of Cuba in 2008, he replaced most of Fidel's cabinet with ministers of his own choosing, many of them from the armed forces, prompting speculation about a military "takeover" of the Cuban government. But to regard this circulation of elites as breaching some clear divide between civilian and military roles is to misunderstand the nature of civil-military relations in Cuba.

Iraq’s Refugee Situation Shows Signs of History Repeating

By: The Editors | Trend Lines
Last week, following the capture of Mosul by the Islamic State of Iraq and Syria (ISIS), the United Nations raised the crisis in Iraq to a level three humanitarian disaster—its highest designation—with over 1.5 million displaced people. In an email interview, David Romano, associate professor of political science at Missouri State University, discussed the refugee situation in Iraq.

Russia’s Energy Ambitions Explain Putin’s Zigzags on Ukraine

By: Nikolas Gvosdev | Column
How to explain Vladimir Putin’s zigzags on Ukraine? Putin’s long-term goal is to prevent Ukraine’s integration into the Euro-Atlantic world. In the short term, however, there is a lodestone that accounts for the shifts in Russia’s Ukraine policy: completing Russia’s emergence as the world’s energy superpower. This involves accomplishing two major projects: the South Stream pipeline and the opening of the Arctic.
 

EU-Iran Relations: A Strategic Assessment

The EU’s approach to Iran has emerged as one of the few successes of European foreign policy. In particular, the signing of an interim agreement in November 2013 that put limits on Tehran’s nuclear program for the first time marked a historic victory for EU diplomacy. Catherine Ashton, the EU’s top diplomat, continues to lead negotiations with Iran on behalf of the international community and aims to reach a “comprehensive” long-term agreement by late July 2014.

Nowhere Land

 
Nowhere Land
 
Nowhere Land
 
by David Conrad, Micah Alberthttp://www.foreignpolicy.com/articles/2014/06/25/nowhere_land_western_sahara_terrorism?utm_source=Sailthru&utm_medium=email&utm_term=Flashpoints&utm_campaign=Flashpoints%20June%2027
 
After 40 years of fighting in the desert for their unrecognized country, the people of Western Sahara may be on the cusp of collapsing into extremism - and it could be the thing that saves them.
 
 

"China is Competing Today with the United States"

"China is Competing Today with the United States"

06/26/14
J. Randy Forbes
Security, China
In June 2012 I wrote an article for CSIS:PacNet titled "China. There, I said it" in an effort to generate a conversation about how the United States was publicly discussing the competitive elements of its relationship with the People's Republic of China (PRC). At the time, I felt like there was an unnecessarily tight muzzle on our civilian and military leadership that prevented the US from having a frank and honest conversation about the subject. If Congress is going to be asked to marshal the resources to sustain its enduring interests in the Asia-Pacific region--including a balance of military power that favors the US and its allies--I contended that the administration and specifically the Pentagon would only be successful if they were comfortable publicly making the case why these investments were required.
Two years on, I have observed occasional improvements in the discourse. Between President Obama's strong position on the Senkaku/Diaoyu islands before his recent trip to Asia, Secretary of Defense Chuck Hagel's forceful speech at the Shangri-La Dialogue, or Assistant Secretary of State Danny Russel's stern testimony on maritime disputes in the region, the statements and testimony from administration officials and the president himself in the past two years have taken on a new level of seriousness toward China.
However, in military and security terms we still struggle to communicate how the defense budget is being built to manage the security competition with China. For instance, our military's capabilities for anti-surface and anti-air warfare, counter-mine operations, missile defense, long-range strike, and base resiliency are increasingly discussed in public briefings and strategy documents. Unfortunately, there is a tendency to justify these missions as an end in themselves rather than explain why they have taken on a newfound importance. Classified briefings will continue to be used to translate this information to the Congressional defense committees, but if the Pentagon aims to justify its budget to Congress as a whole and avoid further rounds of sequestration cuts, for instance, it will need to move beyond discussing missions and programs to identify the actual risks associated with failing to counter China's emerging military capabilities.
Read full articlehttp://nationalinterest.org/blog/the-buzz/china-competing-today-the-united-states-10755

The Many Economies of America

The Many Economies of America

06/26/14
Samuel Rines
Economics, United States
The US is not economically homogeneous, and it is too often treated as if it were. It sounds reasonable to say the US economy is rebounding from the recession. But in reality it is far more complex. The US is comprised of regions that have economic spirits idiosyncrasies all their own. It is unreasonable to say “The US economy is...” anything, because there is no “US” economy.
According to recently released 2013 data, states grew anywhere from -2.5 percent (Alaska) to +9.7 percent (North Dakota). To be fair, North Dakota sits on the Bakken formation and is growing from a very low base. Regardless, it had 2 percent growth in the depths of the most recent recession, and its unemployment rate is now 2.6 percent. Interestingly, lower oil production on the North Slope was the cause of the decline in Alaska’s output. Even regionally, growth rates differ substantially. In 2013, the Rocky Mountain region grew at a 4.1 percent clip, while the Mideast grew at only 0.7 percent.
The coasts of the US have long dominated economic activity, but increasingly, the middle matters. The “middle”—regions that include the Southwest (3.3 percent growth), the Plains (2.5 percent growth), and the Rocky Mountains (4.1 percent growth)—grew far more quickly than either coast. Together, the 3 regions contributed 38 percent of total economic growth; up from 36 percent in 2012. With the exception of Texas, most of the rapid growth in the middle came from smaller economies such as Wyoming, North Dakota, Oklahoma, and Idaho.
This regional economic disparity makes it difficult for the Federal Reserve to create effective policies for the country as a whole. By default, the Fed is forced to set policy based on the economies of the larger states: the ones that do have an effect on the aggregate statistics “US GDP” and “unemployment”. These would be New York, Texas, and California which represent about 30 percent of US GDP, but are not necessarily representative of the US economy as a whole. This creates the potential for economic overheating in some parts of the country, while other locales require continued Fed support.
Read full articlehttp://nationalinterest.org/blog/the-buzz/the-many-economies-america-10756

The Bias for Action in U.S. Foreign Policy



The Bias for Action in U.S. Foreign Policy

06/26/14
Paul R. Pillar
United States Iraq, Middle East
A “bias for action” has long been a buzz phrase in the business world. Tom Peters and Robert Waterman in their best-selling book In Search of Excellence put the phrase at the top of their list of attributes of what they considered to be outstanding firms. For an individual hoping to make it big in business, it's not a bad phrase to keep in mind. Ambitious executives do not make names for themselves by saying they will take whatever organization they are responsible for and try not to screw it up. They make names by shaking things up. Moreover, the businesses with the most dramatic and admired garage-startup-to-behemoth histories necessarily had a bias for action.
Even in business, however, the behavior implied by the phrase has limitations. What is good for the rising career of an individual executive is not necessarily good for the firm. And for every Apple or Amazon we have heard about, there are many more companies we have not heard about in which the leader's bias for action led to unprofitable business lines, financial overextension, or other failures that caused the firm to crash and burn.
Applied to foreign policy, the soundness of behavior implied by a bias for action is even more questionable. Perhaps it is most valid when trying to build an empire. Otto von Bismarck, for example, had a bias for action when using wars against other European states as a means for putting together the German Empire. But for most states at most times, that is not the case. It is not the case for the United States today. The United States has a responsibility, to itself as well as to world order, less to build a bigger empire than to avoid screwing things up. And when the United States screws up, things can get very bad, not only because as the world's only superpower it is more powerful than anyone else but also because with global involvement it has a lot of vulnerabilities that other states do not have. Crashing and burning is not an option.
Read full articlehttp://nationalinterest.org/blog/paul-pillar/the-bias-action-us-foreign-policy-10764

From Stalwarts to Scapegoats: America's Foreign Clients

From Stalwarts to Scapegoats: America's Foreign Clients

06/27/14
Ted Galen Carpenter
History, Security, Politics, Global Governance, United States, Iraq, Vietnam

"We must stop portraying foreign political figures in heroic terms, only to repudiate those same figures when they predictably fail to live up to our fantasies."

As forces of the Islamic State of Iraq and Syria (ISIS) conquer major chunks of Sunni-inhabited areas in Iraq and advance on Baghdad, it has become fashionable among U.S. politicians and pundits to place the blame for the latest debacle at the feet of Prime Minister Nouri al-Maliki. Just a few years ago, though, those same opinion leaders hailed him as the symbol of a new, democratic Iraq. Maliki’s journey from Washington-backed national savior to scapegoat is a familiar one.
Time and time again, U.S. leaders and their media allies have anointed a Third World political figure as the latest Great Pro-Western Democratic Hope, only to become disillusioned when that leader fails to live up to Washington’s unrealistic expectations. Then, that leader becomes the cause of everything that has gone wrong in his country, combined with the implicit assumption that a change of leadership would make the troubling developments go away. It is a lazy, naïve style of foreign policy that ignores far deeper causes of instability in many of Washington’s client states.
The transformation of Maliki’s image from one of a democratic statesman to a divisive and inept sectarian political hack is similar to what has occurred in Afghanistan, another arena of dashed U.S. nation-building aspirations. In the years immediately following Washington’s ouster of the Taliban regime in Kabul, U.S. officials portrayed Hamid Karzai as someone who was committed to forging a modern, democratic Afghanistan. A few critics in the United States derided him as little more than the mayor of greater Kabul, and argued that his ability to stay in power at all was heavily dependent on the continued backing of U.S. occupation forces. American enthusiasts of Karzai’s rule, however, summarily dismissed such cynical observations.
Read full articlehttp://nationalinterest.org/feature/stalwarts-scapegoats-americas-foreign-clients-10759

Okinawa: A Crack in the Pacific Pivot to Asia

Okinawa: A Crack in the Pacific Pivot to Asia

06/27/14
Alexander Cooley
State of the Military, Politics, Defense, Security, Japan, United States

In Okinawa, the complex local politics that surround the U.S. basing presence have entered an uncertain new phase—one that threatens to derail the new security consensus held by Tokyo and Washington.

GINOWAN CITY, OKINAWA—The Obama administration has affirmed its intent to “pivot” to Asia by concluding new security agreements with the Philippines and Australia. In Japan, China's provocations over the Senkaku Islands and more aggressive stance towards South China Sea territorial issues have seemingly strengthened and refocused the pivot’s linchpin: the U.S.-Japan security partnership. But in Okinawa, the southern prefecture that hosts 74 percent of U.S. military facilities in Japan, the complex local politics that surround the U.S. basing presence have entered an uncertain new phase, one that threatens to derail the new security consensus held by Tokyo and Washington.
Okinawa has long been a source of both principled and patronage-driven opposition to the U.S. military. Some Okinawans hold sincere antimilitary beliefs, due to the historical memories of the brutal battle fought there during World War II and the U.S. military's colonial-style administration from 1952 to 1972 during which it forcibly acquired local land for base construction. A related recurring complaint is that Tokyo privileges the political needs of the main islands above the wishes of the remote prefecture’s residents.
But for over forty years, Tokyo has alleviated Okinawa’s "special base burden" by providing a wide range of payments, both to compensate individuals affected by base-related accidents and pollution, and to subsidize public-works projects for the regional government and base-hosting municipalities. In 1995, massive antibase demonstrations on the island followed the widely publicized rape of a twelve-year old schoolgirl by three U.S. service members. In response, Tokyo increased its compensation packages and, with the agreement of Washington, agreed to close and consolidate some basing facilities. Chief among them was a plan to relocate Marine Air Station Futenma, which is surrounded by crowded Ginowan City, to a new facility to be constructed off the coast of Cape Henoko in the north.
Read full articlehttp://nationalinterest.org/feature/okinawa-crack-the-pacific-pivot-asia-10760

Neoconservatives, the Iraq Debate and Ad Hominem Attacks

Neoconservatives, the Iraq Debate and Ad Hominem Attacks

06/27/14
James Joyner
Domestic Politics, Security, United States, Iraq

While those who advocated for the Iraq War were wrong, ad hominem attacks make for poor debate.

The stunning success of the Islamic State in Iraq and al-Sham has renewed American interest in a country where we fought almost continuously for over two decades before pulling the plug in December 2011. Suddenly, old debates have begun again and new ones have arisen as to "who lost Iraq" and what, if anything, the United States should do about it.
On our television screens and op-ed pages, some familiar faces and names have again been talking about Iraq, including former Vice President Dick Cheney, former Deputy Secretary of Defense Paul Wolfowitz and former Iraq Coalition Provisional Authority administrator Paul Bremer, along with various neocon pols and pundits who never went away. Some are now arguing that, having gotten Iraq so spectacularly wrong the last time, these people should not be listened to now. That idea is both misguided and dangerous.
In full disclosure, while I had an infinitesimal fraction of the impact on the public debate as those in question, I was among those who got Iraq wrong in 2003. I was the reverse John Kerry, in that I was opposed to the war before supporting it. The early arguments made by Wolfowitz and company, focusing on Saddam's evil character and his long past use of chemical weapons against his own people, struck me as a poor justification for war. Despite having opposed virtually every significant U.S. military intervention of the past quarter century, though, I was eventually persuaded that regime change in Iraq was necessary. In the wake of North Korea joining the nuclear club and the sudden dwindling of American options on the Peninsula, I believed a nuclear-empowered Saddam was an unacceptable risk.
While I've long since acknowledged that the war was a mistake and eschewed the nation-building campaign almost from its outset, it took me longer than most who write under the TNI masthead to advocate withdrawal, for a variety of reasons too complicated and tangential to this column to go into here.
Read full articlehttp://nationalinterest.org/feature/neoconservatives-the-iraq-debate-ad-hominem-attacks-10761

How to Have a Big Disastrous War with China




How to Have a Big Disastrous War with China

06/27/14
Bill Dries
Security, Military Strategy, United States, China

The flawed logic of Offshore Control.

In their June 10 National Interest article, T. X. Hammes and R. D. Hooker again propose “Offshore Control” as a viable strategy for a conflict with China. Using CSBA’s AirSea Battle concept as a contrast to their ideas, Hammes and Hooker claim that Offshore Control can provide the “military component of the U.S. national strategy in Asia,” while AirSea Battle cannot. The DOD’s Air-Sea Battle operational concept is not the same as CSBA’s AirSea Battle concept (note the lack of a hyphen). The DOD concept was finalized in 2011 and is being implemented at present. Both “ASB” concepts have received their fair share of criticism from Hammes and Hooker, among others; meanwhile, the Offshore Control strategy, originally introduced by Hammes in 2012, has received scant scrutiny. This paper exposes the flawed logic of Offshore Control and demonstrates why it would likely fail if tried, and that using it as a part of the U.S. strategy would risk a large, destructive war with China.
Read full articlehttp://nationalinterest.org/feature/how-have-big-disastrous-war-china-10762

Kazakhstan: Central Asia's Vital Nation

Kazakhstan: Central Asia's Vital Nation

06/27/14
Energy, Economic Development, Politics, Kazakhstan

TNI's Editor speaks with Kazakh Foreign Minister Erlan Idrissov.

Editor’s Note: The National Interest’s Editor Jacob Heilbrunn spoke with Kazakhstan’s Foreign Minister Erlan Idrissov.
Minister Idrissov has enjoyed a long and distinguished career as a senior diplomat. In 1992, Mr. Idrissov was appointed Secretary of the Permanent Mission of Kazakhstan to the UN in New York City. Just three years later, he began work for the Ministry of Foreign Affairs of Kazakhstan as the Head of the American Department while also acting as Ambassador-at-Large. Idrissov later became assistant to the President of Kazakhstan, working on international issues. In 1997, he was nominated First Vice-Minister of Foreign Affairs. Following his service in this position, he was appointed Minister of Foreign Affairs of Kazakhstan in October 1999. Mr. Idrissov was posted to London in 2002 to serve as Ambassador to the UK, Norway, and Sweden. He continued to work in Europe until he was named Ambassador to the United States on July 7, 2007, where he is still remembered as one of the most effective, eloquent and formidable ambassadors in Washington.
The interview was conducted on June 25, 2014.

Heilbrunn: Will Kazakhstan develop nuclear energy?
Idrissov: We have world-class reserves in oil and gas, and coal; and we are the number one producer of natural uranium at the moment. Of course, having these resources, we plan to develop nuclear energy in Kazakhstan. We have experience, human capital–people who can build and run facilities for peaceful uses of nuclear energy. And we also have an impeccable record in terms of non-proliferation and export control, having contributed greatly to world security by renouncing the huge nuclear arsenal we inherited from the Soviet Union. Therefore, we want to make sure that we bring value to the nuclear sector. Not just producing natural uranium, but producing more added value from uranium.
Read full article

Obamacare and the economy: Titanic disaster dead ahead?


Obamacare and the economy: Titanic disaster dead ahead?
Read more at http://www.commdiginews.com/business-2/obamacare-and-the-economy-titanic-disaster-dead-ahead-20374/#V5vCkzs6aPMX76rg.99

http://www.commdiginews.com/business-2/obamacare-and-the-economy-titanic-disaster-dead-ahead-20374/

How Obamacare screwed up first-quarter U.S. growth estimates

How Obamacare screwed up first-quarter U.S. growth estimates



http://blogs.marketwatch.com/capitolreport/2014/06/25/how-obamacare-screwed-up-first-quarter-u-s-growth-estimates/

Maybe Obamacare Didn't Save The U.S. Economy After All


Maybe Obamacare Didn't Save The U.S. Economy After All


http://www.huffingtonpost.com/2014/06/25/obamacare-gdp-growth_n_5529342.html?utm_hp_ref=business

Obamacare Premiums Are Going Up—Here's Why


Obamacare Premiums Are Going Up—Here's Why


http://www.businessweek.com/articles/2014-06-26/obamacare-premiums-are-going-up-heres-why

U.S. Economy Shrank in First Quarter by Most in Five Years Bloomberg

U.S. Economy Shrank in First Quarter by Most in Five Years Bloomberghttp://www.bloomberg.com/news/2014-06-25/economy-in-u-s-shrank-in-first-quarter-by-most-in-five-years.html