Blair looks forward while looking back

I think it goes without saying that outgoing British Prime Minister Tony Blair will be recalled as a tragic figure, full of potential but consumed by circumstances largely beyond his control. (Check out the debate hosted by PostGlobal on this question.)Nevertheless, Blair remains impressive as a world leader who has tried to look forward and …

Continue reading Blair looks forward while looking back

Japan’s own Gramm-Leach-Bliley Act

The Abe Cabinet, in the interest of promoting a more globalized and more competitive Japanese economy, has announced that it will seek to repeal Japan's equivalent to the US New Deal-era Glass-Steagall Act, which was repealed in the US in 1999 with the Gramm-Leach-Bliley Financial Services Modernization Act. (The FT's coverage can be read here.)The …

Continue reading Japan’s own Gramm-Leach-Bliley Act

Paulson’s long-anticipated journey

US Treasury Secretary Henry Paulson is in Beijing this week at the head of a mission that includes Fed Chairman Ben Bernanke.Will these talks achieve concrete results?I have my doubts, because I don't think talks of this nature can "resolve" long-term structural changes in the global economy. As noted in this article in the International …

Continue reading Paulson’s long-anticipated journey

The paranoid fantasies of Lou Dobbs

This morning before work I caught Lou Dobbs on CNN International while flipping through the news channels. In the span of the few minutes I watched, he reported on grassroots efforts to fight illegal immigration quashed by the US corporations and the government, US cooperation on policing with "totalitarian" Red China, "the march of the …

Continue reading The paranoid fantasies of Lou Dobbs

Final roundup on the Democratic victory

In the past day several writers have produced worthwhile post-mortems on the elections that have echoed my concerns about the Democratic victory.First, at the New Republic website (free registration required), John Judis -- who must be happy now that he can return to his "emerging Democratic majority" trope -- provides a sober review of the …

Continue reading Final roundup on the Democratic victory