The Plank
Does Dubai Matter? Ask Ireland.
Presumably the rulers of Dubai and Abu Dhabi are currently locked in negotiations regarding the exact terms that will be attached to a “bailout” for Dubai World. We’ll never know the details but if, as seems likely, the final deal involves creditors taking some sort of hit (perhaps getting 75 cents in the dollar, at the end of the day), does that matter? READ MORE >>
Cheney for Fisherman
1989 All Over Again?
In a New York Times story on Pakistan and Afghanistan, David Sanger writes: READ MORE >>
Benefit of the Doubt
Slideshow: Eating Holidays Around the World
Today is Thanksgiving, the holiday in which Americans count their blessings by binge eating, seeing family, and watching television. But we aren’t the only ones who mark time with massive feasts. Click through this TNR slideshow to see holidays from around the world in which other cultures stuff themselves. READ MORE >>
TNR on Football
What's the meaning of football in American life? Over the years, TNR has not been silent on the subject. Read our best archived pieces on the game: "The Moral Equivalent to Football" by Wilcomb E. Washburn. July 23, 1977. Why football reflects the true--not the ideal--nature of the American character. READ MORE >>
Will Increased Capital Requirements Kill a Recovery? Morgan Stanley Wants You to Think So.
Just when momentum was starting to build for increased capital requirements as the core element of an approach that will reign in reckless risk-taking, Morgan Stanley effectively demolishes the idea. In “Banking – Large & Midcap Banks: Bid for Growth Caps Capital Ask,” (no public link available) Betsy Graseck, Ken Zorbo, Justin Kwon, and John Dunn of Morgan Stanley Research North America dissect the coming demands for more bank capital. READ MORE >>
Political trouble for Obama
There has been a lot of talk lately about whether Obama is or is not losing support among independents. READ MORE >>
Why Pastors Need Economics Lessons
From the A.P.: ELLENWOOD, Ga. -- Someone made off with loot from a Georgia church but also left behind an apology. A note scrawled on the wall said: "Sorry but I'm poor. Forgive me Lord." The Rev. Roger Davis tells WSB-TV that expensive equipment including microphones and a laptop containing important records were stolen over the weekend from Berean Baptist Church. The robber broke locks and the church's safe, but it was empty. READ MORE >>
Today in Right-Wing Crankery
I don't normally read Victor Davis Hanson, who's a fruitcake even by the standards of National Review Online, but i was intrigued by the headline of his latest column, "The New War Against Reason." Hanson's thesis holds that, despite promising to heed science, the Obama administration has gone to war against empiricism. Since this is one of the few things the right has not previously accused Obama of doing, I thought I'd see what Hanson's evidence is. Here we go! READ MORE >>