When the New York Times reported last month that Wal-Mart had brazenly been bribing government officials in Mexico, the public responded with anger. According to the Washington Post, the outcry forced the U.S. Chamber of Commerce to slow its campaign to water down the Foreign Corrupt Practices Act (FCPA), the 1977 law that bars payoffs to foreign decision-makers in exchange for business. The agitation also led to a 5 percent drop in the price of Wal-Mart stock. But one group seemed decidedly less bothered by the reports of Wal-Mart’s misdeeds: corporate America.
Journalism in Russia, Continued
February 23, 2011
Professor Daniel Treisman goes through a painstakingly meticulous effort to demonstrate that Russian journalists are not subjected to the level of pre
The Trouble With Contrarianism
February 09, 2011
In 2004, Daniel Treisman co-authored articles in Foreign Affairs and elsewhere in which he declared that Russia is a “normal country” that almost ever
The End of the Great Game
October 06, 2010
Has the United States stopped playing the Great Game in Central Asia? In the wake of the destabilizing violence that occurred in Kyrgyzstan this summer, that seems to be the case. The Obama administration reacted slowly when at least 300 people were killed in inter-ethnic fighting in June and Kyrgyzstan seemed on the verge of spiraling out of control.
May 07, 2010
Early on Monday, BP’s boyish CEO, Tony Hayward, sat in an open-collared white dress shirt and, rocking back and forth in a studio chair, submitted to a series of four network interviews about his company’s catastrophic oil spill in the Gulf of Mexico. The questions from NBC, CBS, ABC, and the BBC differed slightly, but to all the anchors, Hayward delivered a similar line: “This is not our accident.” In other words, it's not BP's fault.
April 21, 2010
The words most often used by the heads of oil companies to describe the boom are “revolution” and “game changer.” Industry historian Daniel Yergin calls it “the shale gale.” Admittedly, serious questions remain as to whether shale gas will pass the ecological test—critics say it can’t be extracted safely in proximity to groundwater, and the EPA is engaged in a two-year study of extraction techniques.
The End of Big Oil
February 27, 2008
When historians one day dissect the long arc of humankind's use of fossil fuels, they may very well zero in on October 9, 2006, as a turning point for Big Oil. That's when it became clear that the major oil companies--the giants that had survived numerous predicted extinctions and gone on to ever-greater profit and influence--were undergoing a tectonic shift and would either reinvent themselves or die.