The Politician of the Future Will Resemble ... Ross Perot?
March 15, 2010
Two analyses released late last week underscore the rising importance of debt, both private and public, to average Americans. On Thursday, the Fed reported that after nearly doubling to $13.7 trillion between 2000 and 2008, household debt fell in 2009 for the first time since record-keeping began in 1945. Because household debt rose so much faster than disposable income during that period, debt soared from 90 percent of disposable income to a stunning 130.6 percent before falling back to 122.5 percent at the end of 2009.
Toward a New Alexandria
March 12, 2010
Imagine a new Library of Alexandria. Imagine an archive that contains all the natural and social sciences of the West—our source-critical, referenced, peer-reviewed data—as well as the cultural and literary heritage of the world's civilizations, and many of the world’s most significant archives and specialist collections. Imagine that this library is electronic and in the public domain: sustainable, stable, linked, and searchable through universal semantic catalogue standards.
Unready for His Close-Up?
March 11, 2010
Allow me to posit a case study: Two high-ranking government officials are the subject of multiple newspaper and magazine profiles in the span of a few weeks. The first official resists the attention. He isn’t so much as quoted in any of the pieces, whose authors glumly note his lack of enthusiasm for their projects. By contrast, the second official goes out of his way to cooperate with the profile-writers. He submits to numerous, on-the-record interviews and mounts a detailed defense of his actions.
Are Insurance Companies the Problem?
March 09, 2010
The insurance industry is striking back. Attacked by the Democrats, harangued by activists, and reviled by the public, insurers have launched a major public relations campaign designed to make one simple point: It’s not their fault that American health care is so dysfunctional. The proof, according to the industry, is in the numbers: Their profits account for less than 1 percent of what America spends on health care in a given year. And you know what?
The Greatest Virtue of the Republican Budget Plan
March 09, 2010
This past Friday, without much fanfare, CBO submitted its analysis of President Obama’s proposed FY 2011 budget. The bottom line is worse than we thought. Despite sustained economic recovery, the budget deficit under the president’s proposal never falls below 4 percent of GDP over the next decade and rises to 5.6 percent by 2020. The aggregate deficit during that period is $9.761 trillion—close to $1 trillion each year on average. Not surprisingly, debt held by the public rises steadily and reaches 90 percent of GDP by 2020.
Your Iraqi Election Cheat Sheet
March 06, 2010
Sunday is election day in Iraq—the second national parliamentary vote since the American-led invasion in 2003. U.S. officials maintained this week that Obama’s plan to withdraw all American combat troops by September 1st is still on track, but that’s almost certainly untrue if the elections don’t go smoothly.
The FT’s Devastating Critique Of Itself
March 03, 2010
Yes, I’ve been harping on the FT’s coverage of Israel. Perhaps, you haven’t agreed with my complaints. Well, read what the paper has to say about the subject this morning. The column is by the historian Andrew Roberts, and it’s a must read. Keep up with TNR on Facebook and Twitter.
An interesting op-ed, “It is time to treat Wall Street like Main Street,” appeared in Thursday’s Financial Times. Written by George Akerlof, a professor of economics at Berkeley and a Nobelist in 2001, and Rachel Kranton, a professor of economics at Duke, this little (but challenging) piece follows from their recent book Identity Economics, which I have not read and probably could not understand. The book itself follows from an essay, “Economics and Identity,” published by the Quarterly Journal of Economics in 2000. I think I understand it. In any case, A. and K. are literate and funny.
The Dubai Cops Are So Terrific. So Why Is The Monaco Of The Middle East A Center For Smuggling, Killing, And All Kinds Of International Mayhem (Including The Evasion Of Sanctions)?
February 26, 2010
The local police have a pretty comprehensive surveillance capability. So don’t think that, if you’re crazy enough to retire to this economically troubled mini-state--still with large and now cheap villas (and even cheaper Asian labor)--you will have real privacy of any sort. Privacy in Dubai is reserved for Hamas and the vast network of Iranian arms traders, money launderers, and more ordinary gangsters. When the Dubai cops really want to, they can find out what they want—as you’ve seen with the otherwise highly successful Mossad operation.
Yes, The Mossad Did It.
February 24, 2010
The Mossad did it. And, as Carly Simon sang about James Bond, “nobody does it better.” This is not my line. But I wish I'd thought of it. Actually, like my friend who did, I believe that the Mossad is very pleased that every bloody Palestinian terrorist will now worry whether he will wake up from his nightly sleep or instead meet the virgins in the morning. Keep up with TNR on Facebook and Twitter.