What Explains the Remarkable Rise of Greek Yogurt?
August 13, 2011
Since breaking into the American mass market more than 50 years ago, yogurt has evolved variously with consumer tastes; it’s been dyed, sweetened, lightened, liquidized, mixed with fruit, honey, and candy, and even squeezed into portable plastic tubes. But few iterations can be said to have experienced a more meteoric rise that that of Greek yogurt. Indeed, the Greek yogurt market in the U.S.
FAA Impasse Should Result in Reform
July 28, 2011
The FAA furloughs continue … and I can’t help but get fired up by the Essential Air Service (EAS) portion of the equation. Again, we’re talking about a 2,300-seat program as a major reason 4,000 federal employees are currently missing paychecks. While we all continue to wait for Congress to do something, here are some examples of the program’s inefficiencies. On the positive side we have service to Crescent City, Calif. Positioned near the border with Oregon, this picturesque town was named after the idyllic crescent shape of the town’s beach. Or at least so-says Wikipedia.
This is no time for gloating, neither for Americans nor for Europeans. For both sides are in deep economic trouble, only in different ways. The U.S. runs the worst deficit (as share of GDP) since World War II, and yet Keynesianism to the max won’t budge the unemployment rate—pace Professors Krugman and Stiglitz. What does fall is the dollar and the price of real estate, a double-whammy if ever there was one. The euro, meanwhile, may be rising, at least against the greenback, but the common currency, now ten years old, is about as stable as was Confederate script back in the Civil War.
The ‘Indignants’: Can They Save the European Left?
June 09, 2011
Last week, the main square of Barcelona was the epicenter of a vital insurgency. On the lawns of the Placa Catalunya, thousands of Europeans—most of them young—orated, ate free food, tried on free used clothing, and took advantage of free child care and yoga classes. An excellent jazz quintet played protest songs for activists and onlookers alike.
May 05, 2011
In October 2008, a month after the collapse of Lehman Brothers—with the United States’s financial system seemingly about to buckle and Washington in desperate need of cash to prevent a total economic collapse—a State Department official contacted his Chinese counterpart about China buying U.S. securities. To his surprise, the Chinese, who had previously displayed an insatiable appetite for U.S. Treasury bills, suddenly balked at lending a hand. The reason, the Chinese official said, was the recent announcement of an impending sale of U.S.
The Great American Argument
December 24, 2010
Ratification: The People Debate the Constitution, 1787 - 1788 By Pauline Maier (Simon & Schuster, 589 pp., $30) At the Wisconsin Historical Society in Madison, one of the greatest editorial projects in American history has been under way for nearly thirty-five years. Since 1976, the successive editors of the Documentary History of the Ratification of the Constitution have published twenty-three volumes, and there are at least eight more to come.
The Look of Time
August 06, 2010
I was telling my friend I was planning to write about how we see time. This was on my mind because of some pictures I saw in The New York Times of the remains of an eighteenth-century wooden ship that had been unearthed by construction workers at the World Trade Center site 30 feet below ground.
Greeks Accept Their Newfound Austerity
July 30, 2010
The long, hot Greek summer just got hotter. A strike by fuel tanker drivers has paralyzed the country, stranding tourists, causing food shortages, and leaving 70 percent of gas stations without any gas to pump. In the simplest terms, this is about new austerity measures, in this case, higher fees for truck licenses. But more broadly, it is about the government’s assault on a lifestyle Greeks, rich and poor, have come to take for granted. As one Greek businessman put it to me, "the party’s over." Greece is broke. The signs are big and small.
Oh, Does Spain Have Troubles?
June 27, 2010
The most serious of Spain's torments is its economy. But, unlike Greece, which is basically an underdeveloped country but with high pretensions to being of the heart of Europe, Spain is at the historical and financial core of the continent. What binds the two countries is the artifice that they are both socialist. It is quite different to run a relatively advanced socialist industrial society like Spain's than a country like Greece where governing runs from grandfather to son to grandson, George Papandreou to Andreas Papandreou to another George.
June 16, 2010
JOHANNESBURG, South Africa -- I watched Brazil’s 2-1 win over North Korea in a bar in the hipsterish neighborhood of Melville, where my brother, nephew and I are renting a small house for two weeks. Brazil shirts abounded, as they always do. The run a distant second to South Africa’s ubiquitous shirt, but the two kits combined make yellow the dominant street color of this World Cup. I like Brazil for all of the usual reasons -- grace, possession, elan, the inevitable jaw-dropping ball-on-a-string move or physics-defying shot.