Current Events

Fail. (latest on financial meltdown)

Fail. (latest on financial meltdown)

Planet Money covers Paulson’s & Bernanke’s congressional testimony. With a brilliant failblog-worthy image taken of the tough crowd in the room. NYTimes liveblogs the hearing Chip Somodevilla/Getty Images BTW, AIG’s outgoing boss turned down his severance pay. Here’s a list of places to check out news of financial crisis dealings: Naked Capitalism Calculated Risk Paul […]

Beware the latest email scam

From: Minister of the Treasury Paulson Subject: REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the […]

Last week in finances. What happened?

A Freakonomics guest post by Douglas W. Diamond and Anil K. Kashyap [via Megan McArdle, who calls them ‘professors from my alma mater’ at University of Chicago].

After the Cold War

Andrew Sullivan puts the latest Georgia/Russia conflict within two larger contexts: The Cold War, and the War on Terror. It’s long, but worth it. For some, we now realize, the Cold War was not about democratic values versus totalitarianism, in the Kirkpatrick formulation. It was about American hegemony against any rival power, totalitarian or not, […]

Take the PEW News IQ test

12 questions to see how much you know about politics and world affairs.

Why the U.S. hasn’t beaten al Qaeda

Michael Sheurer, who worked at the CIA for some 20 years, wrote a book, “Marching Toward Hell: America and Islam After Iraq.” Newsweek interviews him; he describes our perilous underestimation of Osama Bin Laden and al Qaeda. [via Rebecca’s Pocket] And no, they don’t hate us for our freedoms. They hate us for our interference. […]