The Great Democracy Meltdown
May 19, 2011
As the revolt that started this past winter in Tunisia spread to Egypt, Libya, and beyond, dissidents the world over were looking to the Middle East for inspiration. In China, online activists inspired by the Arab Spring called for a “jasmine revolution.” In Singapore, one of the quietest countries in the world, opposition members called for an “orchid evolution” in the run-up to this month’s national elections. Perhaps as a result, those watching from the West have been positively triumphalist in their predictions.
Wowy, zowy, Obama is doing his own thinking on the Middle East and here’s the even worse news: He’s taking advice from Tom Friedman and Fareed Zakaria. These pathetic tidings about the inner Barack Obama, who puts his very own twist on all things, particularly Arab and Muslim matters, and the other Barack Obama, who needs counsel from two political therapists, famous and even clever but not especially deep, come from the subtle and highly reliable journalist Mark Landler in The New York Times. These tidbits are not contradictory.
Room for Growth
May 16, 2011
Politicians in Washington are grappling with how to address rising gasoline prices, but most of their answers—from repealing tax breaks for oil companies to expanding offshore drilling—are unlikely to make much of a difference any time soon. The Arab awakening, coupled with Iran’s accelerated pursuit of nuclear weapons, ensures that energy prices will likely remain elevated for a long time. In the near- and long-term, those events are leading to less energy produced and exported from the Middle East and North Africa than there otherwise would be, as well as greater risk to their transport.
House Of Games
May 16, 2011
The conservative accounting of Hollywood types who express their political views comes in two forms. The first form -- the dominant type -- is when a Hollywood liberal pipes up about politics, and the reaction inevitably involves sneering at the idea anybody should care about what some Hollywood liberal thinks. The second form occurs when a Hollywood conservative speaks his mind, and it invariably entails rapturous, fawning gratitude at the emergence of a brave voice in the wilderness. Andrew Ferguson's lengthy profile of David Mamet in the Weekly Standard falls into the second category.
May 07, 2011
Since the conflict in Libya really started to get messy, oil prices have risen steeply—from about $103 in mid-February to $123 a barrel last week. Given the country’s drop off in production (it represents about 2 percent of the world’s crude), the vote for separation of South Sudan (an oil producer) and the violence that has come from that, the continuing declines in oil production in Mexico and Venezuela, and the strikes and other problems in Gabon, Yemen, Oman, Ivory Coast, and Nigeria, the rise in price seems somewhat justified.
Silver and Gold, Prices and Ratios
April 25, 2011
Silver and gold prices continued to rise today: In New York, silver futures almost hit $50 an ounce, which would be a thirty-year nominal high, before settling at $47.15. Meanwhile, after breaking the $1,500 mark for the first time last Thursday, gold futures also climbed, hitting $1,508.60 per ounce at the end of trading. Traders pointed to "a falling U.S. dollar, inflation fears, worries about mounting government debt burdens and continued unrest in the Middle East and North Africa" as reasons for the rise in silver and gold prices.
Will Facebook Make China More Connected?
April 11, 2011
This morning, news broke that social-networking giant Facebook has signed a deal with Chinese search engine Baidu to develop a Chinese social networking service. The deal is a winner for both sides: Facebook is currently blocked in China, while Baidu has been unable to translate its dominance of the search engine market into similar success in social networking.
Down the Energy Road Again
March 31, 2011
with Devashree Saha In 2008 gas prices topped $4 per gallon and then slumped during the world recession.
Karl Rove Is -- Gasp! -- Not Being Honest
March 31, 2011
There are certain tip-offs that suggest when somebody is misleadingly describing a politicians' position. One of those tip offs is when you see somebody quoting a small piece of a sentence fragment, which often suggests a statement being wrenched out of context to alter its meaning. Another tip-off is when you read anything in the frequently-misleading Wall Street Journal editorial page. And yet another is when you come across any statement spoken or written by the compulsively dishonest Karl Rove.
Where Is The Outrage?
March 30, 2011
For 42 years, the world did business with Muammar Qaddafi, even as it knew about the brutality he was inflicting on his own people. Too often, there was no outrage in the West about Qaddafi’s crimes. Now, if the same pattern is not to be repeated in Iran, one must ask: Where is the outrage about that country’s endemic brutality and its kleptocratic theocracy?