The Right Side of History

The end is now at hand for the government of Hosni Mubarak, ruler of Egypt for the last thirty years. Two outstanding questions face us now: What will the army do? And how should the United States react? Called into the streets by President Mubarak in an eleventh-hour attempt to secure his rule, the army […]

Sadr’s Return

Radical anti-American cleric Moqtada al-Sadr returned to Iraq from three years of exile in Iran last week to a rapturous welcome, riding a wave of popularity and adulation attributable not only to his storied family history and his closeness to the poor urban Shi‘a masses but also to his role as kingmaker in Iraq’s new […]

Taking Stock in Hungary

Barely nine months have passed since Hungary’s new Parliament met—and since then the words and deeds of the party and new government have turned the political life and the workings of the state and the economy upside down. We are constantly perplexed; we have not even recovered from our astonishment at yesterday’s political measure when […]

Hedging Risk

We have to learn to live with a large and sophisticated financial sector.

The Leopard and the House Cat

The problem with confusing uncertainty and risk.

No-Cost Stimulus

How to get the economy going again without busting
the budget.

The State of Lebanon

A tale of seduction, credulousness and betrayal in the Levant.

The State of Statelessness

Two books on anarchism suggest a new role for an old political philosophy.

Is China Bad for Africa?

On balance, no. It turns out that greed works after all.

Shells, Shams and Corporate Scams

The plutocracy is trying to neuter efforts to clamp down on tax evasion.

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