Good News

If I voted with my mind and my heart, I’d have to vote for Obama…

November 20, 2007 · No Comments

The Political Scene
The Relaunch
Can Barack Obama catch Hillary Clinton?
by Ryan Lizza November 26, 2007

How could my favorite candidate for president end up with a name that sounds like Osama (Obama), a middle name, Hussein, shared with Saddam, and a charisma, intelligence, rationalness, and integrity that historically in our society ends up tragically in assassination (RFK, MLK, JFK, etc.)? We can hope otherwise. I always guess that I’m voting for Hillary because I assume when general election comes around that she will be the choice. But I’m never sure WHY I’m voting for Hillary. This article gives an insight into the person I’d rather vote for, but I won’t be in the states for the primaries anyway to vote for him. The author of this article, Ryan Lizza, is a great writer, too.

→ No CommentsCategories: News · Politics & Society · Presidential Politics · The New Yorker

Will foreign governments be buying American companies?

November 20, 2007 · No Comments

The Financial Page
Sovereign Wealth World
by James Surowiecki

Another excellent essay from Surowiecki (link above). Living in Sweden, it is always fascinating to me that the “Kingdom of Sweden” owns some 250 for-profit companies, including Absolut Vodka, one of the top 10 spirits brands in the world in sales; it is remarkably efficiently run, and while the government is speculating on selling it to convert it to cash and ease the government into owning fewer assets, the truth is that despite Absolut being a government-owned company, it has defied the free market cynics and performed phenomenally — perhaps better than it might have were it publicly traded or privately held. When I asked the Chairman whether he would recommend selling the company now as the government intends to, were it not now owned by the government, he speculated that it would be unwise to sell. Basically, the company performs so well and generates so much cash flow that it has no strategic reason to sell, and it is possible that the highest bidder out there will not be paying what the company is really worth. Ironic, or simply a vindication for the free market cynics, that Absolut will likely be sold for political, rather than sound business reasons, at a price less than it might have been worth were it not owned by the government? A red herring of mine, as this article is about the implications of foreign governments buying private or publicly traded American companies . . .

→ No CommentsCategories: Business · Economics · Surowiecki · The New Yorker

James Surowiecki’s latest “Financial Page” essay on CEO and hedge fund manager compensation

November 8, 2007 · No Comments

The Financial Page
Performance-pay Perplexes
by James Surowiecki
November 12, 2007

Economist James Surowiecki’s latest essay on CEO compensation sheds light into how CEO incentive packages actually induce CEOs into taking risks that hurt their companies long-term.

He has written many of his New Yorker “Financial Page” essays on this exact topic over the past few years. Here are links to more of them.

January 22, 2007
The Financial Page
The Sky-high Club

August 28, 2006
The Financial Page
Private Lies

February 13, 2006
The Financial Page
Overcompensating

→ No CommentsCategories: Business · Surowiecki

The Economist: The new wars of religion

November 8, 2007 · 2 Comments

Nov 1st 2007
From The Economist print edition

Here’s an interesting article about the impact of religious conflict on global politics and economics. This article is part of a larger series of articles in the November 1 issue. All of the articles are available online.

I’ve always wondered . . .
Does anyone know why the Economist never acknowledges the authors of their articles? What’s the journalistic thinking behind that? I’ve always wondered — and now I know! Here’s what Wikipedia’s listing for the Economist shows today:

“The Economist does not print by-lines identifying the authors of articles other than survey articles and articles written by outsiders “By Invitation”. In their own words: “It is written anonymously, because it is a paper whose collective voice and personality matter more than the identities of individual journalists.”[19] Where needed, references to the author within the article are made as “your correspondent.” Rare exceptions to this rule occur where there might otherwise be a conflict of interest such as when reviewing a book written by someone connected with The Economist.”

There is it.

→ 2 CommentsCategories: Business · Christianity · Islamic Extremism · Politics & Society · Religion

Hillary’s biggest problem? Hendrik Hertzberg in this week’s “The New Yorker” reviews the history of dynastic families in American politics . . .

October 26, 2007 · No Comments

Comment
Dynastic Voyage
by Hendrik Hertzberg
October 29, 2007

Great conclusion:
“Bush’s failure to learn much of anything for the past six years suggests a deficit of character, not of experience; his unwillingness to employ his father’s skills and advice on behalf of the nation shows a disrespectful disregard for a dynast’s biggest advantage. He has given both freshness and family a bad name.”

Hertzberg is a frequent columnist for The New Yorker’s ‘Talk of the Town’ section.

→ No CommentsCategories: Politics & Society · Presidential Politics · The New Yorker

The Atlantic’s 150 Year Anniversary Issue - David Foster Wallace asks how much our security should cost

October 24, 2007 · 6 Comments

The new issue of The Atlantic (the 150th Anniversary issue) has reached me in Stockholm. If you don’t subscribe, pick it up at newstands. It’s a terrific issue, with nearly 50 of American’s great minds and writers speculating on the “future of the American idea”. Since The Atlantic won’t let ANYONE read their articles without being paid subscribers, I’ll republish just one of the 50 essays here and see if they get all worked up about it. This was the article that had the greatest impact on my thinking, giving me new perspective and providing clear delineation where I was otherwise a little fuzzy.

The Future of the American Idea
November 2007
Atlantic Monthly
by David Foster Wallace
Just Asking

Are some things still worth dying for? Is the American idea* one such thing? Are you up for a thought experiment? What if we chose to regard the 2,973 innocents killed in the atrocities of 9/11 not as victims but as democratic martyrs, “sacrifices on the altar of freedom”?* In other words, what if we decided that a certain baseline vulnerability to terrorism is part of the price of the American idea? And, thus, that ours is a generation of Americans called to make great sacrifices in order to preserve our democratic way of life—sacrifices not just of our soldiers and money but of our personal safety and comfort?

In still other words, what if we chose to accept the fact that every few years, despite all reasonable precautions, some hundreds or thousands of us may die in the sort of ghastly terrorist attack that a democratic republic cannot 100-percent protect itself from without subverting the very principles that make it worth protecting?

Is this thought experiment monstrous? Would it be monstrous to refer to the 40,000-plus domestic highway deaths we accept each year because the mobility and autonomy of the car are evidently worth that high price? Is monstrousness why no serious public figure now will speak of the delusory trade-off of liberty for safety that Ben Franklin warned about more than 200 years ago? What exactly has changed between Franklin’s time and ours? Why now can we not have a serious national conversation about sacrifice, the inevitability of sacrifice—either of (a) some portion of safety or (b) some portion of the rights and protections that make the American idea so incalculably precious?

In the absence of such a conversation, can we trust our elected leaders to value and protect the American idea as they act to secure the homeland? What are the effects on the American idea of Guantánamo, Abu Ghraib, Patriot Acts I and II, warrantless surveillance, Executive Order 13233, corporate contractors performing military functions, the Military Commissions Act, NSPD 51, etc., etc.? Assume for a moment that some of these measures really have helped make our persons and property safer—are they worth it? Where and when was the public debate on whether they’re worth it? Was there no such debate because we’re not capable of having or demanding one? Why not? Have we actually become so selfish and scared that we don’t even want to consider whether some things trump safety? What kind of future does that augur?

FOOTNOTES:
1. Given the strict Gramm-Rudmanewque space limit here, let’s just please all agree that we generally know what this term connotes—an open society, consent of the governed, enumerated powers, Federalist 10, pluralism, due process, transparency … the whole democratic roil.

2. (This phrase is Lincoln’s, more or less)

David Foster Wallace is the author of several books, including Infinite Jest (1996), A Supposedly Fun Thing I’ll Never Do Again (1997), and Consider the Lobster (2005).

→ 6 CommentsCategories: Dick Cheney · Foreign Policy · Iran · Iraq · Islamic Extremism · News · Politics & Society · The Atlantic

Islamic Extremism Up, America Down

October 23, 2007 · No Comments

The New Republic
War of Error by Peter Bergen
How Osama Bin Laden Beat George W. Bush
Post Date October 22, 2007

If there was another winner besides Iran since 9-11, it might be Al Qaeda. It has not been the US. Peter Bergen points out why in this cover story from this week’s New Republic. Of course, from a Cheney perspective, it’s all about the long term (The US hasn’t won — YET!). A seductively logical ideology perhaps, but one with alarmingly little chance of being vindicated and with an enormous and guaranteed economic, political, and human cost regardless of the outcome.

The New Republic online is for paying subscribers only, but this link might work.

[My thanks to RBS for catching this article quickly. It's a great read.]

→ No CommentsCategories: Foreign Policy · Iraq · Islamic Extremism · News · The New Republic

Why are Israel, Syria, and the US quiet, except for a deliberate minimal leak from the White House to David Sanger?

October 23, 2007 · No Comments

Prominent Republicans on house intelligence committees have written this letter to the Wall Street Journal (the link here is a “reprint” - WSJ is accessible to paid subscribers only) appealing to the Bush administration to reveal what it knows about a supposed Israeli airstrike on Syria in Sept 2007.

Quote from letter: “We are among the very few who were briefed, but we have been sworn to secrecy on this matter. However, we are prepared to state, based on what we have learned, that it is critical for every member of Congress to be briefed on this incident, and as soon as possible.”

David Sanger, from The New York Times, appears to have received deliberate leaks from the administration, and was interviewed last week on the Diane Rehm Show about it. He was told that it was definitely an air strike on suspected secret nuclear facilities in Syria which may have had some connection to North Korea. Both Israel and Syria have apparently been quiet about it.

What’s going on?

[Thanks to FMH for a "heads up" on this WSJ letter.]

→ No CommentsCategories: Diane Rehm Show · Foreign Policy · NPR · New York Times · News · Wall Street Journal

The Atlantic’s Joshua Green takes a look at what a Colbert run for President might look like . . .

October 21, 2007 · 3 Comments

The Atlantic Magazine
October 19, 2007
Stephen Colbert plans to run for president in South Carolina. Here’s a campaign strategy—and a list of who should worry . . . by Joshua Green

Also, if you’ve never seen Colbert’s GENIUS speech at the 2006 White House Correspondent’s Dinner, SEE IT HERE. Part 1, Part 2, Part 3. Dripping with wit and sarcasm.

→ 3 CommentsCategories: Colbert Report · Comedy · Presidential Politics · The Atlantic

Paul Krugman’s new book: “The Conscience of a Liberal”

October 21, 2007 · No Comments

The Diane Rehm Show
Monday October 15, 2007
Paul Krugman, professor of Economics and International Affairs at Princeton University and award-winning columnist for the “New York Times”, weaves three generations of history with political, social, and economic analysis in a manifesto for a new progressive movement. Hear him interviewed here on The Diane Rehm Show. He’s probably a little more of a screeching liberal than I prefer, but his ideas are healthy to ponder. Listen to the podcast of the interview here. Buy the audio book and download it to your computer at Audible.com.

→ No CommentsCategories: Diane Rehm Show · New Books · Politics & Society