Ciudad Juárez, Mexico, is a bleak, dusty factory town across the border from El Paso, Texas. Long a nexus for drug runners vying for control of smuggling routes, it has earned a reputation for gunfights, abductions, and murdered women. In recent weeks, the violence fueled by drug cartels has spiked, and not for the first time. There have been beheadings, public shootouts, and murders of dealers, police, and bystanders. The U.S. Consulate has issued a travel advisory for the area.
In budget hearings today, Kent Conrad decried "Hoover economics." This prompted National Review's David Freddoso to trot out the conservative vogue belief that Hoover was actually a big government liberal. I adressed this in my review of Amity Shlaes' influential New Deal revisionist tome "The Forgotten Man": Shlaes's answer is to implicate Hoover as a New Deal man himself: Hoover had called for a bank holiday to end the banking crisis; Roosevelt's first act was to declare a bank holiday to sort out the banks and build confidence. ...
On the evening of January 22, a few hours after his administration's debut news conference, Barack Obama made a surprise visit to the cramped quarters of the White House press corps. It was meant to be a friendly event, and Obama glad-handed his way through reporters and cameramen, exchanging light banter as he went. But Politico reporter Jonathan Martin wasn't there to chat. Martin pressed Obama about the president's decision to nominate William J. Lynn III, a former defense lobbyist, to deputy defense secretary and about Obama's pledge to curtail the influence of lobbyists.
Clay Risen is managing editor of Democracy: A Journal of Ideas and a contributing editor at World Trade. His first book, A Nation on Fire: America in the Wake of the King Assassination will appear in January. In recent days, policymakers and financial experts have circled around the idea of creating a government entity--in the model of the Resolution Trust Corporation (RTC)--to buy up failing assets of financial institutions.