With international markets still reeling from the “sub-prime meltdown” and investors already bracing for the next financial quake, it’s good to know that some of the world’s economic shepherds are well aware of the wolves on the horizon, however unprepared they might be to fight back. Unlike their more political and rhetorical peers, enlightened stewardship from the IMF and its sister organizations may be the global macro-economy’s only hope against the coming valuation storm, as risk quietly shifts from sophisticated financial institutions into the hands of the unsuspecting Everyman…

With YouTube now participating in presidential primaries and digital media poised to overtake traditional sources of news and information, it isn’t surprising that virtual political action now poses a serious threat to democratic nationalism. As human rights align across borders and the distance between the world’s poor and basic information technology shrinks, digital advocacy like this “Change the Policy” video is bound to increase — and with dramatic political effect — in what might become the first truly global evolution of human values. Stay tuned…

“Now that an immediate peril is not plainly visible, there is a natural tendency to relax and to return to business as usual…. But I feel that we are seriously failing in our attitude toward the international problems whose solution will largely determine our future.”
George C. Marshall
Washington’s Birthday Remarks at Princeton University
February 22, 1947

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…

Spending taxpayers money on a massive military offensive has its own unique economic consequences, but borrowing money from abroad to finance sustained hostilities half-way around the world places the American executive in a vulnerable position vis-a-vis the international community. This moderated conversation, featuring Robert Hormats — currently Vice Chairman at Goldman Sachs International and a former Assistant Secretary of State, member of the National Security Council, and US Trade Ambassador — touches on the myriad economic and political challenges that emerge when war is funded by outsiders while policy projects from within…

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…

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

Since their earliest days a rogue asset class — a breakaway tax haven from the archaic world of REITs — income trusts have drawn the ire of free-market economists and the capital of free-wheeling investors alike. The former see the structure as an anti-competitive perversion of natural capital flows, while the latter flock to invest in a sea of premium yields. Traditionally, policy makers have been hamstrung by this natural dichotomy, but with their latest Halloween trick, Flaherty and the Tories have taken a bold step toward a fair and open capital market. Baby boomers may cry foul over their lost pot of gold, and socialists may applaud their conservatives counterparts for a rare shot across the bow of 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 …

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 …

With ink still drying on the UN Security Council’s draft resolution, Nusrullah has finally agreed to a cessation of hostilities, but insists that the fight will continue as long as Israeli troops are still on the ground. This, at a time when Israel itself has just voted to triple the size of its current military operation and continues to airlift troops into Southern Lebanon. Only time will tell if this latest in a long series of diplomatic efforts will succeed where the others have so catastrophically failed…

Often referred to as a ‘private CIA,’ Stratfor just released an update on their coverage of the escalating violence in Iraq, the threat of another Sunni-Shi’a Civil War, and the challenge of unbridled Iranian imperialsm. Definitely worth a read if you haven’t been following the not-so-mainstream news…

Below is a transcript of the Charlie Rose interview with Rami Khoury, Editor-at-Large of The Daily Star, a leading English-language newspaper in Beirut. In the Middle East it’s been difficult to find a convincing argument against continued Israeli engagment in a non-Arab tongue, but this exchange, filmed on July 19th, cuts as close to the heart of the conflict as I’ve seen from a Palestinian commentator.

An engaging fictional dialogue between former Secretary of State Warren Christopher and former Syrian President Hafaz el-Assad, from Thomas L. Friedman’s 2000 National Bestseller…
To illustrate this ever-present tension between today’s globalization system and the olive trees in us all, I once tried to imagine how a discussion would go if a very decent American Secretary of State, such as Warren Christopher, were to try to explain globalization to a not so decent leader, such as Syrian President Hafez el-Assad—a man of olive trees and the Cold War. It would sound like this:
Warren Christopher: “Hafez—you don’t mind if I call you Hafez? Hafez, you are yesterday’s man. You’re still living the Cold War. I know you’ve only traveled outside the Middle …

Thoughts from the frontlines of the war in Lebanon. What I know I’ve included, and what I don’t I’ll leave up to you. Internet has been tough to find but I’ll try to keep things updated as often as I can. For more background on the conflict, check out our ongoing coverage of the Middle East…
Wednesday, July 12, 2006 | 12:01PM
Twelve plus hours after we landed in Beirut, the only civilian airport in the country was bombed by the Israeli Air Force. Apparently Hezbollah commandos crossed the Green Line last night and kidnapped two young Israeli soldiers, just weeks after a soldier was held for ransom by Hamas guerillas in Gaza City. Israel retaliated swiftly by taking half of the …

Few scholars have had such a profound impact on their field of study as Bernard Lewis, Professor Emeritus of Near Eastern Studies at Princeton University. In this recent Q&A, he addresses the untold roots of Arab rage, the complex challenges of expanding Western empires, the rise of the Islamic mullahcracy and the mystery of the Danish cartoons. Now into his 90s, the outspoken orientalist continues to search for the ultimate compromise, contrasting “a nation divided into religions” with “a religion divided into nations”. The transcript is a little bit lengthy but well worth the read…

In light of the grand sociopolitical developments over the last eight years, this speech by the former prime minister has found some new legs…