For too long, the story of Africa has been about government corruption, war and disease. The economic news was bad, too; from 1975 to 1995, the continent was mired in negative growth, indebtedness and hyperinflation.
Read MoreIt may be hard to believe today, but in the summer of 2004 Senator John Kerry’s campaign for president looked formidable.
Read MoreFinancial markets can create their own dangerous dynamic, as Warren Buffett pointed out after Standard & Poor’s downgraded U.S. debt securities on Aug. 5. Buffett was on the mark.
Read MoreEver since Fidel Castro seized power in Cuba in 1959, the U.S. has sought to undermine his rule. It hasn’t worked. Perhaps officials in Washington should consider adapting the more successful strategy pursued to undermine communism in Eastern Europe.
Read MoreAmong the many misconceptions about Barack Obama is that he is cautious. In fact, it is hard to think of a modern president in recent times who has been more willing to take big risks, not because he is reckless, but because he is willing to suffer potential short-term setbacks to achieve a desired long-term result. It is in that context that the much-maligned debt-ceiling compromise must be understood.
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Ramesh Ponnuru
Jeffrey Goldberg
Ron Klain
Peter R Orszag
William D Cohan
Noah Feldman
Albert R Hunt
Jonathan Alter
Virginia Postrel
Susan Antilla
Caroline Baum
Stephen L Carter
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When bond traders, known to be creatures of habit, saw the Aug. 26 calendar entry for Ben Bernanke's opening remarks at the Kansas City Fed's annual Jackson Hole Conference, they figured QE3 was a done deal.
Head for Camp David. Convene meetings. Take advice from economists, your Cabinet, all the experts. Then put forward a giant new economic program, maybe including some dramatic form of shock therapy that will calm financial markets and create jobs.
Aficionados of public debt fiascos may have been too busy keeping up with the serial calamities of Europe and the U.S. to register the news that former New York Governor Hugh Carey died on Sunday. Carey's alabaster great-man bust rests on a single foundation: He pulled New York City back from the brink.
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