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...like credit-default swaps, which brought down AIG; mortgage brokers and their lax lending standards; and Wall Street bonus checks that rewarded short-term profits over prudent business decisions. Goldman Sachs, too, has come under intense scrutiny since the financial crisis, in part because of its ability to quickly turn around and seemingly profit from the mess...
Official bodies at every level, intent on drawing our attention where it would not otherwise turn, carve the year into un-anniversaries marking those things that haven't happened but apparently should. The new year begins the U.N.'s Decade for Deserts and the Fight Against Desertification. It is also the Year for Biodiversity and the International Year for the Rapprochement of Cultures, whose mandate is to build "the defenses of peace in the minds of men." Presumably, the other half of the human population is already sufficiently peaceable...
...Read "German Election Campaign Takes a Racist Turn...
...Until this week, that is. With the publication of our book Game Change and the appearance of Schmidt on 60 Minutes in a piece discussing our reporting, much of the truth about Palin has begun to emerge. The questions are how she might respond and what effect the turn of events will have on her future - a future that now includes a gig at Fox News...
This year's World Cup in South Africa could be one of the greatest ever advertisements for the continent - or a disaster. There are many potential stumbling blocks: infrastructure, transport, security. Some of these may turn out to be unexpected triumphs: the stadiums, for instance, are nearly finished - and they look fantastic. But for fans and players alike, the biggest doubts over the soccer tournament, which begins in June, center on security. South Africa has some of the highest levels of violent crime in the world, and protecting half a million foreigners, many of whom will be men with...