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NOTHING in my life has made me as pessimistic about development aid as the course of the American intervention in Afghanistan. The New York Times ' Graham Bowley reports that unsurprisingly, the country is set to drop into a drastic recession as foreign aid dries up over the next few years.
Exit from comment view mode. Click to hide this space Comments View/Create comment on this paragraph NEW HAVEN – In his classic Fable of the Bees: or, Private Vices, Publick Benefits (1724), Bernard Mandeville, the Dutch-born British philosopher and satirist, described – in verse – a prosperous society (of bees) that suddenly chose to make a virtue of austerity, dropping all excess expenditure and extravagant consumption.
Sometimes a single fact stands out amid all the clutter, offering a flash of insight and clarity.
It is one of those peculiarities of the Israeli political system that right now, under a stable government and a strong prime minister, there is almost a consensus in the Knesset that a date for early elections will be called soon.
The US has the highest prison population in the world - some of whom have been subjected to lengthy sentences for relatively minor crimes.
A prison is a trap for catching time. Good reporting appears often about the inner life of the American prison, but the catch is that American prison life is mostly undramatic—the reported stories fail to grab us, because, for the most part, nothing happens .
Timothy Mitchell, Carbon Democracy: Political Power in the Age of Oil .
Rod Hill and Tony Myatt are Professors of Economics at the University of New Brunswick in Saint John and Fredericton (respectively). Their new book, The Economics Anti-Textbook is available from Amazon. They also run a blog at www.economics-antitextbook.com .
OCTOBER/NOVEMBER 2004 Archives Time Out of Joint Western dominance, Islamist terror, and the Arab imagination Sadik J.
(updated below – Update II) One of the most significant foreign policy controversies of the 2008 presidential election centered around Barack Obama’s pledge ”to meet separately, without precondition” with the leaders of Iran, Syria, Venezuela, Cuba and North Korea. That seemingly off-the-cuff vow in response to a questioner at a July, 2007, Democratic primary debate was used first by Hillary Clinton , and then by John McCain , to depict Obama as naive, irresponsible, radical and — most ominously — overly sympathetic to America’s enemies ( some liberal pundits echoed some of the same criticisms, while Mitt Romney is still trying to exploit that statement for those ends).
The media hype is starting: Rumors abound that Facebook will soon announce plans to sell shares to the public.