Singapore has been the principal beneficiary of Hong Kong's identity crisis.

CNN: Making A Magic Kingdom

Before tax-dollars are spent to that end, we need a national debate about such policies, and the grave dangers posed by their seeming principal beneficiary: the Muslim Brotherhood.

CENTERFORSECURITYPOLICY: Friend of the Brotherhood?

There are also potential national security repercussions - particularly if, as is likely under the "harmonized" patent system, China winds up being a principal beneficiary of expanded access to, and opportunities for exploitation of, American inventions.

CENTERFORSECURITYPOLICY: Will the GOP Pull a 'Pelosi' on Patent Rights?

The Soviet Union stands to be the principal beneficiary of expanded access to energy resources which constitute Moscow's principal source of hard currency earnings and economic leverage against freedom-bound entities within the USSR and against reformist governments in Eastern Europe.

CENTERFORSECURITYPOLICY: "Potemkin" Economic Sanctions, Take II

Even the New York Times is now acknowledging the obvious: the principal beneficiary of the forced departure of an Egyptian dictator, Hosni Mubarak - a double-dealing leader who nonetheless passed, in the hall of mirrors that is Mideast politics, for a reliable U.S. ally - will likely be the Muslim Brotherhood (MB or Ikhwan in Arabic).

CENTERFORSECURITYPOLICY: Durbin launches the 'anti-Pete King' hearing

This is partly politics: if monetary stimulus worked, the principal political beneficiary would be Barack Obama.

ECONOMIST: The Federal Reserve