Dec 25, 2008 | Articles
Not surprisingly, the swift unraveling of the global economy combined with the ascent to the U.S. presidency of an African-American liberal has left millions anticipating that the world is on the threshold of a new era. Some of President-elect Barack Obama’s new...
Nov 9, 2008 | Articles
It came together spontaneously, the rally at Lafayette Park across from the White House, even before the concession speech by John McCain. The crowd was multiracial, but the vast majority was white. And young. Lustily cheering “O-BA-MA,...
Oct 1, 2008 | Articles
Flying into New York, I had the same feeling I had when I arrived in Beirut two years ago, at the height of the Israeli bombing of that city—that of entering a war zone. The immigration agent, upon learning I taught political economy, commented,...
Sep 30, 2008 | Articles
Many Asians absorb what is happening in Wall Street with a combination of déjà vu, skepticism and "I-told-you-so." For many, the Wall Street crisis is a replay, though on a much larger scale, of the 1997 Asian financial crisis, which...
Sep 25, 2008 | Articles
Many on Wall Street are still digesting the momentous events of the last ten days: 1-3 trillion dollars worth of financial assets wiped out. Wall Street effectively nationalized, with the Federal Reserve and the Treasury Department making all the major strategic...
