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...normal times, budget projections a couple of years out tend to be pretty reliable, at five years less so and at 10 years not much at all. "But these aren't normal times," he says. "In recessions, even the short-term numbers aren't very good, because a lot of the factors that go into them are based on assumptions that the economy will behave within some narrow band of reality, and the way it behaves is outside of that band." (Read "Advice from an Economist...
...three weeks since I've been here, though, I've started to appreciate a lot of aspects of the Tanzanian diet. Most notably, the fruit. Turns out bananas in America aren't really bananas—they're poor imitations of what real ndizi, picked from the tree and sold in a village marketplace, are like. My homestay baba grows avocadoes and oranges in the backyard, so we have some with almost every meal. Chapati, which is basically a thin, African version of naan, is delicious (at least until you're forced to consume six of them by your overbearing...
...they are behaving like the FARC, what lessons are there from Colombia that can be applied in Afghanistan? A lot of people say to me that the last thing we want to do is get involved in another messy drug war, and I always say, "Too late." The biggest challenge is corruption, because as much money as the insurgents are earning off the drug trade, corrupt officials in Afghanistan and Pakistan are earning even more. It's going to be very complex for the U.S. and for the international community, for NATO, to find reliable and trustworthy partners to work...
...address this problem? I think the first step has to be identifying how the money and drugs flow, studying the maps and looking at the routes that narcotics take out of the country, identifying where the drug labs are, identifying the major players. This is going to require a lot more intelligence-sharing than has been going...
...White House vulnerable in the coming months. If Wall Street decides to cash in on its recent winnings despite the public rhetoric of the Administration, the contrast with the nation's still growing unemployment rate couldn't be starker. "It's just got to feel wrong to a lot of people," says Douglas Elliott, a fellow at the Brookings Institution, speaking of the Goldman compensation announcement. "It seems to me a political mistake...