Business

Before Sunrise
November 12, 2009

When President Obama arrives in Tokyo on Friday, he will confront a country that seeks to be an ally of the United States. For Japan has never been an American ally. It was first a rival, then an enemy, and finally, after it lost the war it foolishly started with the U.S., it became a protectorate, not an ally.   The distinction matters. An alliance is an institution negotiated between two sovereign governments in which each agrees to a series of reciprocal obligations that have the force of law.

Response to My Anti-Statism Article
November 11, 2009

I got an email from an old friend, Joel Parker, who is an international vice president of the Transportation Communications Union, and one of the smartest people I know. It's a response to my article  on anti-Statism in America that has been on the site today. I am reproducing it for its criticisms rather than its compliments, which bear not only on what I wrote but also on our continuing discussion of the health care bill. Just read your latest TNR piece on anti-government sentiment. I thought it was excellent, and agreed with its central point.

Gordon Brown's Financial Shock and Awe
November 10, 2009

There are two broad views on our newly resurgent global bubbles--the increase in asset prices in emerging markets, fuelled by capital inflows, with all the associated bells and whistles (including dollar depreciation). These run-ups in stock market values and real estate prices are either benign or the beginnings of a major new malignancy. The benign view, implicit in Secretary Geithner’s position at the G20 meeting last weekend, is most clearly articulated by Frederic (Ric) Mishkin, former member of the Fed’s Board of Governors and author of "The Next Great Globalization: How Disadvantaged N

New Evidence of Pharma's Sweetheart Deal
November 10, 2009

Critics have complained that a drug industry got a sweetheart deal when it struck a bargain with the White House and Senate Finance Committee over health care reform. There’s new reason to think those critics were right. It comes from an October forecast by IMS Health, a respected global research and consulting firm. The report, which IMS distributed to clients and which a source provided, projects that the drug industry will see average annual growth of 3.5 percent between 2008 and 2013. Back in March, IMS had projected no growth at all during that same five-year stretch.

Board to Death
November 10, 2009

To the frustration of many a cabinet secretary, the Obama administration is a little behind on its appointments. At this point—with only five weeks to go before the Senate breaks for recess—a little over half of the 514 positions that need filling have been filled. Some jobs are really important: The nominee for the Office of Legal Counsel has been held up for months. Obama’s choice for a USAID director came down just today. U.S. attorney nominations have slowed to a crawl. Other jobs?

Ok, Nidal Malik Hasan Is Not A Terrorist. He's A Banana ... Or A Monkey Wrench. So What!
November 10, 2009

By the way, I don't think I've written that Nidal Malik Hasan is a terrorist. But, believe me, it's not because I pondered the aptness of the word. It's enough for me that, having killed 13 people (and wounded 28 others) because of his religious beliefs--yes, his religious beliefs--and surely also his deranged mind, he is a mass murderer. And, please, none of this crap about "innocent until proven guilty." On the other hand, John Judis is very perturbed about the terrorist nomenclature. Jason Zengerle is less perturbed, and may even be ready to concede the point.

Abortion, Catholics, and the Health Care Bill
November 10, 2009

Alan Wolfe is a TNR contributing editor and director of the Boisi Center for Religion and American Public Life at Boston College. Just before the House of Representatives voted on the Stupak Amendment, designed to stop any public funding of insurance plans that cover abortion, the U. S. Conference on Catholic Bishops (USCCB) weighed in with its endorsement.

Should Obama Boost Jobs More Directly?
November 09, 2009

Via Matt Yglesias, I see that Alec MacGillis had an interesting piece on this question in yesterday's Washington Post. There are a variety of ways the administration could target employment directly, of course, from a WPA-style federal jobs program to tax credits that subsidize hiring. Zubin and Kevin Drum have pointed out some problems with proposals near the WPA end of the spectrum. A more feasible approach might be a policy the Germans put in place, which apparently happens on a smaller scale in a few U.S.

What To Do About Juvenile Sentencing
November 09, 2009

In August, I wrote about efforts to reform California's sentencing laws, which allow courts to condemn minors to life without parole. According to the Fair Sentencing For Youth Project, the United States has 2,503 juveniles--in California and a handful of other states--serving life sentences without the chance for rehabilitation, while the rest of the world has none. Today, the Supreme Court is hearing arguments in two juvenile sentencing cases out of Florida, both involving mentally impaired minors who were convicted of non-homicidal crimes and still given life without parole.

Calling Out Joe Lieberman
November 09, 2009

Via Think Progress, Joe Liebeman was on Fox News Sunday this weekend, making filibuster threats again. LIEBERMAN: A public option plan is unnecessary. It has been put forward, I’m convinced, by people who really want the government to take over all of health insurance.

Pages