Word: disasterous
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The More Things Change ... Re "How the Taliban Thrives" [Sept. 7]: Our involvement in Iraq and Afghanistan is comparable to placing one's hand in a pail of water. When you stick your hand into the water, you create an effect. When you pull it out, the water returns to...
Read "India's Floods: a Manmade Disaster?"
Not a quick one, mind you. European leaders regularly argue that a hasty withdrawal would spell disaster for Afghanistan, neighboring Pakistan and for their own countries. French Defense Minister Hervé Morin has warned of "absolute chaos" if France pulled out and opened the door to a rush of other...
Three main lessons present themselves. First, the lightly regulated global financial system that has evolved over the past three decades is dangerously fragile. Second, the U.S. government is capable of keeping a financial panic from snowballing into a complete economic disaster. Third, the government has not yet shown itself to...
First, the fragility, a.k.a. risk. A year ago, officials at the Treasury Department and the Federal Reserve didn't think letting Lehman go bankrupt would be a disaster. Those same officials have since argued that the law gave them no choice. But it's also clear that the authorities--then...