The $64 Trillion Question (Part 1)
June 22, 2010
That we seem to have avoided another Great Depression doesn’t mean our economy is anywhere near as strong as it should be. In fact, most indicators—from unemployment to private investment—prove quite the opposite. What can be done? How can we ensure the U.S. enjoys not merely a modest recovery but the kind of buoyant prosperity we saw in the decades after World War II and briefly in the 1990s? We put the question to few political economists and will run their thoughts over the next couple weeks.
From the Archives: TNR Debates Soccer
June 09, 2010
Not everyone at TNR has an equal appreciation for the beautiful game. In fact, Frank Foer and Jonathan Chait have debated its proper role in American sports and culture around the office for over a decade. Here are excerpts from a passionate argument (and equally rousing response) published in the magazine eight years ago, while the World Cup was wrapping up in Korea and Japan. From Foer’s piece, “Fair Ball,” (7/1/2002): But there's a simple solution to this perception problem: Let soccer be soccer.
Are Service Exports Leading the Recovery?
April 22, 2010
Amid all the talk of U.S. trade recently, The Economist just published a series on the importance of exports. A piece entitled “Export or Die” described how a New York-based architecture firm barely avoided massive layoffs by finding projects in China, Korea, and the Middle East, where demand has not faltered as sharply over the last two years. In other words, service exports prevented unemployment. One wonders: Is this just an anecdote, or is it representative of an important trend? As it turns out, it is a trend.
Amazon’s Kindle: Symbol of American Decline?
February 24, 2010
Apple’s iPad is dominating the gadget buzz this winter, but a few years ago, we and others made a big deal about the “polyglot” iPod, turning it into a talisman of the globalized supply-chain. The point was to accent the global context in which U.S.
The Accountable Presidency
February 01, 2010
Crisis and Command: A History of Executive Power from George Washington to George W. Bush By John Yoo (Kaplan, 544 pp., $29.95) Bomb Power: The Modern Presidency and the National Security State By Garry Wills (Penguin, 288 pp., $27.95) I. In December 2008, Chris Wallace asked Vice President Cheney, “If the president, during war, decides to do something to protect the country, is it legal?” Cheney’s answer included a reference to a military authority that President Bush did not exercise.
Did Obama Really Sidestep The U.N. At Copenhagen?
December 21, 2009
Analysts are still mulling over the Copenhagen accord, trying to figure out what it means for the fate of global climate politics. The humdrum answer is that it all depends—we'll have to see how individual nations tackle their CO2 emissions in the months and years ahead, and then watch how the next round of international talks shake out. But if it's specifics you want, check out Harvard economist Robert Stavin's analysis. First, a recap of the negotiations that led to the deal: From all reports, the talks were completely deadlocked when U.S.
Is $500 Billion In Foreign Aid Possible? (Maybe...)
December 14, 2009
This week, National Journal is hosting a useful series of Copenhagen-related roundtable debates that are worth checking out. In this one, Rep. Ed Markey asks how wealthier countries should help poorer ones tackle global warming. It's a timely question, since this is perhaps the biggest quagmire in the climate talks right now. A recent U.N. report estimated that developing countries would need $500 billion to $600 billion per year to get on a path of low-carbon growth, as well as to adapt to a hotter world.
Quick Thoughts On Obama's Speech
December 10, 2009
I’m not a big fan of political speeches in general, but I thought President Obama’s Nobel acceptance speech today was unusually good. (If I were a speech-y kind of writer, like Rick Hertzberg, I’d have used a better adjective in the last sentence than “good.”) After again acknowledging that he doesn’t really deserve the award--“I would be remiss if I did not acknowledge the considerable controversy that your generous decision has generated. In part, this is because I am at the beginning, and not the end, of my labors on the world stage.
Meet the White House Manufacturing Czar
December 07, 2009
I just wanted to highlight my latest print piece for readers who come straight to this blog rather than clicking through from the homepage. It's about White House manufacturing czar Ron Bloom, a longtime steelworkers union official and an investment banker before that. Just prior to his current gig, Bloom led the administration's restructuring of Chrysler as a deputy to Steve Rattner, then head of the auto task force. There are details in the piece more relevant to Bloom's current job and the future of U.S.
Win The War
October 05, 2009
WASHINGTON--At a White House dinner with a group of historians at the beginning of the summer, Robert Dallek, a shrewd student of both the Kennedy and Johnson administrations, offered a chilling comment to President Obama. "In my judgment," he recalls saying, "war kills off great reform movements." The American record is pretty clear: World War I brought the Progressive Era to a close. When Franklin D. Roosevelt was waging World War II, he was candid in saying that "Dr. New Deal" had given way to "Dr.