Obama: The "Astonishing Progress" of Dubai. Once Unbelievably Wealthy, Now Just A Crooked Little Emirate.
June 19, 2010
You may recall that, during the Bush presidency, Dubai World, a flagship corporate asset of the emir and his kin, had been discovered servicing and actually owning some U.S. ports on the Atlantic coast and the Gulf of Mexico. You will not be surprised that I wrote against this. Or that Tom Friedman wrote for it. Frankly, I didn't trust the emirate to serve as guardian to the ships going in and out of the docking facilities or, more generally, to patrol sensitive entry points to great harbor cities like New York, Baltimore, Miami and 19 other municipal areas.
Is the Economic Recovery Running Out of Steam?
June 15, 2010
Nationwide, the economic recovery looks more fragile than it did just a few months ago. GDP is growing at a moderate pace but not nearly as rapidly as at the end of last year. Almost no private sector jobs were created in May. The unemployment rate dipped from 9.9 percent in April to 9.7 percent in May, but mostly because fewer people were looking for work. Nearly half the unemployed in May were out of work for more than six months.
The New Vulnerability
June 07, 2010
Cyber War: The Next Threat to National Security and What to Do About It By Richard A. Clarke and Robert K.
Good Health Care for Less Money? Yup, Still Possible.
June 03, 2010
[Guest post by Jonathan Cohn] Advocates for health care reform (including yours truly) have frequently argued that it is possible to reduce the amount of care without reducing the quality--or, to put it more simply, that less care doesn't have to equal worse care. A story in today's New York Times may leave readers thinking that argument is bunk. It isn't.
83 Cheers for the Old Economy
June 02, 2010
Last week Paul Krugman had a nice blogpost comparing income growth in the stagflation-ridden “old economy” of the 1970s and the bubbly “new economy” of the last decade. For the entire United States, it seems, inflation-adjusted median family income fell at a slightly slower rate between 1973 and 1981 than between 2000 and 2008. The old economy was better for the nation as a whole, at least as far as income growth goes. But what about metropolitan areas? In which places was income growth more rapid in what many people remember as the “bad old days”? The answer: 83 of the nation’s 100 largest me
May 31, 2010
Marina Abramovic: The Artist is Present Museum of Modern Art Skin Fruit New Museum William Kentridge: Five Themes Museum of Modern Art The social history of art in our time will not be easy to write. A daunting range of factors must be taken into account. There is now a large, heterogeneous public aware that art is big business, and it is eager to follow developments in the auction houses, the commercial galleries, and art fairs such as the Armory Show in New York and Art Basel Miami Beach.
A New Metro Map
May 10, 2010
Do you live in the “Rust Belt” or the “Sun Belt?” Are you a West Coaster, an East Coaster, or a resident of “flyover country?” Perhaps you’re a proud New Englander, Midwesterner, or Texan. More to the point, does any of that matter? (For the full-size map click here) Maybe not as much as you think. Our new report, the State of Metropolitan America, surveys the demographic landscape of the nation’s 100 largest metropolitan areas over the 2000s. It finds that who metropolitan areas are is in many ways more important than where they are. In fact, my Brookings colleagues and I identify seven categ
How Did The Pakistani Terrorist Become A U.S. Citizen? How, For That Matter, Did He Ever Get A Student Visa?
May 05, 2010
The only good result of this trauma is that nobody died. And, of course, we now know—as if we didn’t know before!—that we can count on the local police, the FBI, and the Joint Terrorism Task Force to actually come through with the culprit and the evidence against him. (The fecklessness of the Justice Department is another matter. At first, it did not read Faisal Shahzad his Miranda rights. Then, when he began copiously to spill the beans, the Holder folk did inform him. Maybe they were afraid that they’d learn too much.
Iceland’s Volcanic Fury Hobbles Hubs
April 20, 2010
That the Icelandic volcano that has shut down much of Europe’s air travel has ripple effects around the globe is well known. A recent article in the New York Times quotes the Center for Asia Pacific Aviation saying: "The Ash Attack has already affected the travel plans of eight million passengers in Europe and around the world. The total cost for the aviation industry (airlines, airports, suppliers, freight operators, handlers, etc.) could be well over $2 billion." But what U.S. metros are impacted the most? Reports abound about delays from Chicago to Orlando and Miami.
Rachel Uchitel Is Not a Madam
April 06, 2010
Lisa Taddeo has a horrifying, irresistible article for New York about high end nightclubs and the nebulous sexual economy that pervades them, in which very wealthy or famous men sort-of pay to have sex, or often mere fondle, or flirt, with beautiful young women. It explores the ruthlessly efficient market in which wealth, fame and beauty all have assigned values. One takeaway from the piece is that there are numerous gradations between prostitution and gold-digging: These kinds of girls, this is how you spot them.