April 20, 2010
Some two dozen executives from large corporations will be descending on Capitol Hill today to make the case against over-regulating derivatives. The “fly-in” is being organized in part by the U.S. Chamber of Commerce through a group called the Coalition for Derivatives End-Users, according to the Chamber’s Ryan McKee. Many corporations use derivatives to hedge against fluctuations in the price of their inputs—for example, an airline might sign a contract to lock in future fuel prices, thereby passing the risk along to someone else.
April 19, 2010
Some years ago, I told my colleague Jack Goldsmith, when his role in revoking the notorious Yoo-Bybee torture memos became public, that the only thing worse than being demonized by the left is being lionized by the left. It works both ways, though. The media like to pin a one-word--or if they are more nuanced, one-phrase--epithet on public figures, as Homer would on his gods and heroes (grey-eyed Athena, wily Odysseus). They have decided to attach the term "conservative" (or for the more subtle: "relatively conservative") to solicitor general and former Harvard Law School Dean Elena Kagan.
The Landscape of Innovation
April 08, 2010
Economies happen in places, and they have an effect on the physical form of places – as the new ghost ‘burbs of the real-estate driven economies of Florida and Nevada show us. If the next American economy will be export-oriented, lower-carbon, and innovation-driven, as Larry Summers has posited (my colleagues and I agree), what kind of landscape will result?
What Are Nukes Good For?
April 07, 2010
The nuclear order seems to be falling apart. Gone is the uneasy balance between the cold war superpowers. We now face a slew of new nuclear actors. North Korea has reprocessed enough plutonium for perhaps ten bombs, in addition to the two it has already tested. Iran’s centrifuge program seems poised to produce weapons-grade uranium. And Syria was apparently constructing a clandestine nuclear facility, before it was destroyed by Israeli air strikes in 2007. It’s not just enemies that pose a problem.
Regulators, Mount Up
March 26, 2010
Noam Scheiber: Obama's next big crusade.
Success Is Confusing
March 23, 2010
Over at AEI's Enterprise Blog, Mark J. Perry has a weird post about how all the dire predictions that environmentalists were making back in the 1970s never panned out. "In fact," he writes, "according to new data available from the Environmental Protection Agency, air quality today in the U.S. is actually better than ever before." He even has a graph: Okay, but why do we suppose pollution just magically dropped like that? Perry claims it's because the United States got richer.
Surprise: "Indonesia Considers Removing Obama Park Statue"
March 23, 2010
This didn't make news in America. But it certainly made news elsewhere, and especially in Asia.
Kauffmann: Films Worth Seeing
March 18, 2010
Ajami. Not a documentary though it was made with residents of the district, this film concentrates on a multi-ethnic troubled area in the city of Jaffa. Fast and skillfully integrated, it races along the paths of drugs and prejudice, of love and rivalry that criss-cross the place. (3/11/10) Harlan. Veit Harlan was a leading film director in Nazi Germany who made one of their most vicious anti-Semitic films, Jew Suss. This documentary interviews in an incisive and revealing way what it is like to be one of his descendants today. Sons,.
The Kings and I
March 17, 2010
Like a lot of writers, I have a Facebook page where I post articles that I’ve published. Over the past year or two, I’ve accumulated a few hundred followers--that is, Facebook friends--and, based upon the comments they leave, they tend to see the world the same way that I do. They’re left of center, by and large, and they believe fervently in health care reform. If they have something negative to say, it’s typically that President Obama and his allies in Congress aren’t being ambitious enough.
Nancy Pelosi’s Theory of Change
March 16, 2010
House Speaker Nancy Pelosi is a longtime advocate for universal health care. She’s also demonstrated that she has a good feel for the politics of her chamber and her party, simply by passing so many major pieces of legislation this year.