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...words of Professor Amnon Rubinstein, a respected parliamentarian identified with the Israeli Left, in the Jerusalem Post, March 31, 2009: “The suffering of the people of Gaza is…[a] tragedy…[that] could disappear overnight if Gaza was governed by leaders who prefer life and peace to death...
...more difficult to raise taxes or pass a budget in California than in other states. For more than 30 years California has been living with a system of minority rule in which 34% of the legislature or a local community can stonewall the majority. Facing this post-Proposition 13 system, California's various interest groups have increasingly used the ballot box to protect themselves - but by so doing have mandated budgetary havoc...
...Great Moderation was a name economists gave to a post-1982 era marked by only two mild recessions and long stretches of uninterrupted growth. That's over, and the transition to whatever comes next will, if history is any guide, be messy. From 1970 to '82, the U.S. economy was hit by four downturns, two of which (1973-75 and 1981-82) until recently competed for the title of "worst since the Great Depression." The current recession has undisputed claim to that title. And while we may be about to climb out of it, don't be surprised...
...Russia Planning for A Post-U.S. World Russian President Dmitri Medvedev hosted the first summit of the world's largest emerging economies to discuss efforts to reduce their reliance on the U.S. The so-called BRIC states--Brazil, Russia, India and China--are forecast to become four of the six biggest economies in the world by 2050. The group, which holds some 40% of the world's gold and hard-currency reserves, has announced plans to shift some out of U.S. dollars. "There can be no successful global currency system," said Medvedev, "if the financial instruments used are denominated...
Despite the initial post-election mayhem, the government had some reason to believe that the fury would subside. Since Ahmadinejad's victory in 2005, when many voters stayed away from the polls, the reform movement had been largely dormant. So when Mousavi called for a demonstration on June 15, no one was sure how many people would show up. Some of his supporters may well have resigned themselves to defeat--until Ahmadinejad's victory speech, in which he compared the protesters to fans upset about losing a soccer match and called them a minority of "twigs and mote." A number...