The Doha round of trade talks collapsed again Thursday, with the Indian trade minister Kamal Nath walking out of the talks in protest against the failure of the United States and the EU to offer further concessions. While this failure only knocks a few more nails into the coffin of a deal already moribund, it’s […]

The apparent revival of the Cold War by Vladimir Putin causes those of us nostalgic for the unpleasant certainties of a bipolar world to ponder whether the Domino Theory should also be revived. Indeed it should, and the domino currently wobbling most vigorously, magnificent in its precariousness, is Ukraine. Ukraine gets limited press in the […]

The failure (at least temporarily) of President George W. Bush’s immigration bill Thursday evening had one overwhelmingly powerful cause: the American people don’t trust the Bush administration to enforce immigration laws, so the tough enforcement provisions in the new bill were nugatory. This atmosphere of distrust is partly generational but highly damaging, particularly in the […]

In a week when US Gross Domestic Product was revised disown to a level slower than the growth in population while inflation continued strong, it must surely be clear that the collection of economic policies followed since 1995 by both parties and the Federal Reserve Board has failed. The Fed can neither cut rates nor […]