Articles Posted in the American Scene Category

  • Kissinger-S

    Kissinger’s World: Israel and Iraq

    Since leaving government, Henry Kissinger has lapsed back to his earlier career as foreign relations historian. In his latest work, ‘World Order: Reflections on the Character of Nations and the Course of History’, he purports to analyze prospects for a peaceful world order today and…

  • MH_blue whales

    Blue Heaven

    The biggest creature ever to live abounds on Sri Lanka’s porches. The elusive blue whale, twice the weight of the hugest known dinosaur, seems to like Serendib just as much as you and I do.…

  • NOV MH

    Mitigation, Mystique or Mistake?

    The more I study ‘quantitative easing’ (QE), the less I understand it. Neither its goal nor its most-feared danger seems to be materializing. The biggest monetary experiment in history may be little more than a…

  • mark hager nov

    Glass Half Empty

    April is the cruelest month in T.S. Eliot’s The Waste Land, but for twenty-first century America it’s got to be September. Twelve years ago came assault on the twin towers and seven years later came…

  • capital-idea

    Capital Idea

    Maybe it’s all very simple.  Such is the takeaway from ‘The Bankers’ New Clothes,’ an important new book by Anat Admati and Martin Hellwig.  They cite insufficient equity capital as contemporary banking’s fatal flaw.  Financial…

  • american-scene

    Insider to Inmate

    Eleven years! Convicted in 2011 on 14 counts of insider trading and conspiracy, Raj Rajaratnam was sentenced to eleven years behind bars, not to mention a $10 million criminal fine. He was also ordered to…

  • opinion_american-scene

    Volck(er) Wisdom?

    Following the U.S. financial meltdown in 2008 with its ensuing recession and Wall Street bailouts, Congress enacted the ‘Dodd-Frank’ Act in 2010, aiming to forestall future crises. The most comprehensive U.S. financial reform since the…

  • obamahomes

    ObamaHomes?

    It seemed like a good idea at the time. During the 1990s, America went crazy for ‘subprime’ mortgages to homebuyers who failed to meet traditional standards of creditworthiness. For a while, this fueled a bonanza…

  • justice-chase

    Impeaching Justice Chase

    By Mark Hager Samuel Chase was spoiling for a fight. Cantankerous, belligerent and doctrinaire, he was also highly talented and resourceful as an associate justice on the U.S. Supreme Court, which was barely a decade…