In this recent Times OpEd, Rochester economics professor Steve Landsburg points out how easily John Q. Public overlooks cause and effect in 21st century markets.
Let’s review: 1) goods and services require labor and capital to produce; 2) the price of labor and capital impact an item’s ultimate price; 3) factors of production are much less expensive in the developing world; 4) a decades-long public war on inflation in the developed world has prevented the price of goods from increasing in step with wages; however, 5) wage growth is now slowing and inflation has reached a 17-year high; thus 6) in their quest to find the lowest price, consumers who rebel against off-shoring jobs are simply biting the hand that …

“That’s what Chess is all about,” insists renegade Grandmaster Bobby Fischer. “One day you give your
opponent a lesson, the next day he gives you one.” In a world of anarchic intra-state relations, the question of governing dynamics has inspired countless political scientists since Machiavelli first reflected on the lessons of power. Perhaps not surprisingly, the lessons of chess provide a useful analogy in that never-ending debate…
Check republics
Sally Feldman in New Humanist
This summer the Iraq Chess Federation’s annual tournament took place at Kufa, near Najaf. It was a serious contest, attended by regional champions from all over the country. Between games there was feasting and rejoicing as a ray of optimism briefly shone through the prevailing bleakness.
The event was especially significant …

This paper was written for quite possibly the best combination of professor and class I’ve ever experienced. If only all academic endeavor challenged so profoundly, surveyed so broadly, and bore as much intellectual fruit…
Hegemonic Stability and the Rise of Global Corporations
by Devin DeCiantis
“The logic of markets is borderless,
but the logic of politics remains bounded.”
- Louis W. Pauley, Who Elected the Bankers? Surveillance and Control in the World Economy, 1997

“Know thyself, know thy enemy. A thousand battles, a thousand victories.” In the case of Iran and the U.S., Sun Tzu’s prescient advice — combined with the thorough research of “your correspondent” — suggest that peace might be an easier wager than recent history predicts. With their popularity on the wane, like-minded conservatives in their ranks, and religious ideology on their side, Bush and Ahmadinejad have more in common today than either care to admit…

After an inhospitable welcome at Columbia University and a defense of Iranian intentions in the halls of the UN, it was up to Charlie Rose to coax a straight answer from the puzzling Persian President and his schizophrenic vacillations between coherence and crusade. Neither Rose nor Ahmadinejad disappoint…

An indictment of the sedentary class, excerpted from an 1862 essay by Henry David Thoreau in The Atlantic…
I think that I cannot preserve my health and spirits, unless I spend four hours a day at least—and it is commonly more than that—sauntering through the woods and over the hills and fields, absolutely free from all worldly engagements. You may safely say, A penny for your thoughts, or a thousand pounds. When sometimes I am reminded that the mechanics and shopkeepers stay in their shops not only all the forenoon, but all the afternoon too, sitting with crossed legs, so many of them—as if the legs were made to sit upon, and not …

The Ford Foundation’s Values and Grant Letter
The Ford Foundation and the organizations that we support seek to:
reduce poverty and injustice,
promote democratic values,
increase international cooperation, and
advance human achievement.

Sober words from one of this primary’s lesser known Democratic candidates, on the benefits of bipartisan, international negotiation with Iran and the power of assertive compromise. As Atticus Finch might suggest, reconciling “The Axis” and “The Great Satan” may take little more than stepping inside the other guy’s skin and “walk[ing] around for a little”, and as Governor Richardson himself asserts, the taboo of Persian engagement must be overcome before any meaningful progress will ever take place…

Words of worldly wisdom from the Commander in Chief at the Coast Guard Academy this past May. 9/11, Afghanistan and Iraq are discussed in what feels more like a rally for some of the President’s biggest fiscal beneficiaries than a speech to send off America’s freshest military talent to the front lines of the war on terror…

As politicians and investors cast their enthusiastic support behind the legislation and technology necessary to christen the “New Age of Ethanol”, consensus among the world’s leading scientists is still critical at best. From hungry Mexicans to enraged environmentalists to ruffled foreign dignitaries, the real cost of ethanol has become increasingly obvious to all but the most cynical energy hucksters. Fueled by agricultural protectionism and the pressing drive for “energy independence”, the Ethanol Lobby is now humming on all cylinders, and if Runge and Senauer are right, that might spell disaster far beyond the pumps…

Speeches like this remind us of why partisan politics is often no better than the alternative, not because of any words directly spoken or feelings directly invoked, but because of the inevitable litany of criticism that unfolds in the wake of a genuine call for change — particularly in the months leading up to an election. There isn’t much in this April 2007 address that disagrees with the basic principles of peaceful co-existance, mutual socio-economic benefit, and the rebirth of the American Dream. If the long tail ever wakes up to the message, this could become an interesting race…

*To listen to a podcast of this speech, click here

“During 1967 we were proud to identify ourselves as Canadians. In celebrating our country’s 100th birthday, we became conscious of the contributions made by our forefathers. Their courage, determination and perseverance have inspired us to shoulder our responsibilities as we enter a second century of progress.
“As young Canadians you have much to offer to the further development of our fair land. Endowed with a sound education and technical skills you are in a favourable position to extend the frontiers of knowledge. Each of you will have a share in promoting our rapidly expanding economy and in improving our standard of living. But your greatest contribution will lie in adherence to your ideals. The young people of to-day are deeply aware …

Another great piece of well-deserved fear-mongering from the keyboard of a financial doomsayer, who also happens to be one of my favourite investment commentators. With this effort, as usual, he contextualizes simple and unavoidable shifts in biotechnology and boomer demographics and explores the implications of the resulting squeeze on modern social security and society at large…
The Boomers Break the Deal
by John Mauldin
My grandfather’s generation made a deal with my children’s generation. It goes like this. If you will pay into Social Security and pensions so we can retire now, we agree to die on time, or at least in a predictable manner. The Boomer generation is going to break the deal. We are going to live longer, and maybe a …

“Nationalism is like cheap alcohol.
First, it makes you drunk, then it makes you blind, and then it kills you.”
- Daniel Fried, Assistant Secretary of State, U.S. State Department
With a history of social chaos that spans most of human existence, it isn’t surprising that personal freedom is a fairly recent phenomena. This so-called “inalienable right” was only introduced in Holland, France, America and the fragile Ottoman Empire over the last few centuries, after years of philosophical introspection and ultimately bloody rebellion. Unlike the fall of the Roman and Greek empires — where authority was more regulatory than ascendant — these “populist” revolutions signaled not merely a new set of rules but also a radical shift in personal identity. Living …

This piece in the OpEd section of the Wall Street Journal could be written about any despotic regime in the history of humankind…except, of course, for the satellite dishes. Regime change rarely trickles from the top down, and when it does, it’s more like regime swap than any true social progression. In the case of Iran, a country with 70 million people — the majority of whom are under the age of 30 and two degrees removed from the last major revolution — the status quo isn’t all that bad. Those in the best position to pressure the powers that be are still too caught up in their sumptuous Middle Eastern lifestyle to vocalize any meaningful dissent, and that’s as …

“It’s hard for Americans, all of us, including me, to understand what’s wrong with these people. Why do they kill people of other religions because of religion? Why do they hate the Israelis and despise their right to exist? Why do they hate each other? Why do Sunnis kill Shiites? How do they tell the difference? They all look the same to me.”
- Trent Lott, Republican Senator from Mississippi, up for re-election on November 7, 2006

Another topical analysis from the team over at Stratfor. This time, they tackle a much older problem, the relationship between religion and fundamentalist war. When taken in context, the 14th century passage that has outraged Muslims around the planet is not so much a challenge to Islam itself as it is a warning shot across the bow of its more fanatical elements. If Friedman is right, Pope Benedict may have just done for the war-torn Middle East what his predecessor did for the Soviet Empire. If he isn’t, this might be the beginning of another global crusade…
Faith, Reason and Politics: Parsing the Pope’s Remarks
By George Friedman
On Sept. 12, Pope Benedict XVI delivered a lecture on “Faith, Reason and the University” …

A Nationalist Manifesto
There are too many elephants in the room. During our teens it was understandable, but this country is almost 140 years old. It’s time to stop ignoring the obvious. The 21st century might be filled with promise, but not if we don’t change course.

Rumours surfaced this morning about another military coup in Thailand, while Prime Minister Thaksin Shinawatra attends the UN General Assembly in New York. All eyes were set to watch Bush and his Iranian arch-nemesis wage battle in the halls of international opinion, but all that may change as this new Asian drama unfolds…

How to Prevent a Blackout
A Beginners’ Guide
On August 14, 2003, my lawnmower died. It was 4:10 pm and the perfect weather for gardening. Suspecting a simple neighbourhood brownout, I resigned myself to reading in the afternoon sun. Power failure wasn’t uncommon during the steamy, air-conditioned months of summer, but as I discovered hours later, this outage was anything but common. At its height, the blackout of 2003 plunged nearly fifty million people into darkness, and it would be days before power returned to the furthest reaches of the grid. Subways and office towers were evacuated, streetlights pulsed hypnotically as pedestrians guided traffic, hospitals and prisons switched to backup diesel generators, and beer and melting ice cream were shared …