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...Does that suggest a trading-range market as an anemic recovery unfolds? Bingo. It will be a trading-range market characterized by volatility. It will be an environment that will benefit active investment managers as opposed to passive investors. If you are in the "buy and hold" mentality, this is not a market...
...Optimists suggest that international institutions can socialize rising powers, making them responsible—rather than revisionist—stakeholders. Sadly, our world is likely to remain a Hobbesian place. As China’s intentions are unclear, it is wise to hedge one’s bets—even if China is decades from its potential. But being confrontational is counterproductive. If we treat China like a hungry dragon, it will become just that...
...Figures like this are conspicuously lacking in the political arena now. The current Obama administration has successfully avoided big missteps thus far, but no political party is infallible. A watchful opposition that would suggest policy improvements is a crucial factor in making sure that the government works in the people’s best interests. Still mired in the failures of the Bush administration, however, the Republican party has been unable to offer anything like an appealing alternative to the Democratic vision. Hopefully, knowledgeable politicians of the Romney and Giuliani variety will fill this void soon. Republicans...
...certain extent, extremes on a continuum. It is the hope of many in this nation to see President Barack H. Obama occupy a middle ground, embodying a healthy marriage of curiosity and conviction. The administration’s decision to make sweeping changes to the federal budget suggested a vigorous defense of an answer he gave on the campaign trail. But other moves, such as the recent nomination of Judge Sonia M. Sotomayor to the Supreme Court, whom most legal analysts do not consider a liberal intellectual heavyweight to counter Justice Antonin G. Scalia, or the decision to delay repealing...
...blockade and the resumption of trade and the movement of people outside the prison that Gaza has long been, the current crisis will grow massively more acute. Unless the U.S. administration is willing to exert real pressure on Israel for implementation—and the indications thus far suggest they are not—little will change. Not surprisingly, despite international pledges of $5.2 billion for Gaza’s reconstruction, Palestinians there are now rebuilding their homes using...