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Monthly Archives: July 2013
Public Spending, Private Wealth
“It is easier for a camel to pass through the eye of a needle than for a rich man to enter the Kingdom of God.” — Matthew 19:24 “The love of money is the root of all kinds of evil.” … Continue reading
The Arab Spring comes to Iran — again
A month ago, observers were stunned as a dark-horse reform candidate, Hassan Rouhani, was declared the winner of the presidential election in Iran. I haven’t commented yet because this was a surprise to me, and I wanted to try and … Continue reading
Bad News is Good News — today
World stock markets seem initially pleased that China’s growth has slowed to no less than a 7.5% annual rate. A year ago, China shifting to a full-year of 7.5% growth would have been seen as a disaster for the global … Continue reading
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Egypt follows the revolution script — and a turn for the worse
When in January 2011, Hosni Mubarak was driven from power, many commentators said this is NOT a revolution. Using the moniker the “Arab Spring” or the “Arab Uprisings” the commentariat said “This time is different!” This is a popular democratic … Continue reading
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Maneuvering in Egypt
The protests in Brazil and Turkey have had their desired impact. In these democratic countries, people wanted their elected leaders to pay attention to the demands of a rising number of secular, middle-class, urban residents . These people felt that … Continue reading
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Absent, but watching
Readers — my apologies for being absent from the blogosphere for a while — I was time and jet-lagged while setting up a new research laboratory in Moscow, where I expect to be spending spring and summer months for the … Continue reading
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NewPopulationBomb 