Economics

Leon Panetta, Doomsday Cabin Salesman

This ad appeared on page 15 of Sunday’s New York Times. In stark terms, using a recent comment by Defense Secretary Leon Panetta, it warns of impending cataclysm. It urges New York City readers to prepare for doom…by buying a cabin in the Catskills, “located less than two hours from New York City.”

The website linked to the ad …

Money Matters

Here’s an eye-opening chart from the green-eyeshade crowd over at the Center for Strategic and Budgetary Assessments. It shows how far U.S. spending and revenues have veered from the projections made by the Congressional Budget Office in January 2001.

Key takeaways:

1. Entitlement and defense spending didn’t increase all that

“Enemy Dependency”

David Rothkopf, editor-at-large over at Foreign Policy magazine, sounds off on what he sees as America’s true vulnerability early in the 21st Century:

Since the end of the Cold War, America has been on a relentless search for enemies. I don’t mean a search in the sense of ferreting them out and defeating them. I mean that America

Death to “Resource Wars”!

Nice Washington Post piece on Saturday about how the “center of gravity” in global oil exploration and production is shifting to the Western hemisphere. No, the bulk of global conventional oil reserves still sits in the Persian …

An $80 Million Sitting Duck

The U.S. has abandoned its just-finished consulate in the northern Afghan city of Mazar-e Sharif after spending $80 million outfitting the former hotel as a symbol of U.S. resoluteness. This is the kind of fiasco that tends to …

Highway (of Death) Robbery

You may recall the infamous “Highway of Death,” that stretch of six-lane Highway 80 from Kuwait City into Iraq and on toward Basra. The U.S. military rained firepower down on retreating Iraqi troops there in the late stages …

(U.S.) Blood For (Chinese) Oil

The U.S. has spent a decade, $500 billion and 1,863 lives trying to square away Afghanistan. Yet China – which has done nothing in the past 10 years to bring stability to that troubled land – has just become the first foreign …

The Question of German Power Returns to Europe

Since the middle of the 19th Century, the central questions in European politics have been the closely-connected questions of nationalism and the rise of German power. As my good friend and eminent historian Gabriel Kolko shows in this brilliant essay, the post-war solutions of NATO and the European Union, together with the exigencies …

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