The Obama administration is instituting a variety of far-reaching policies to reduce carbon emissions and mitigate climate change. Are any of these capable of making a difference? Simple arithmetic suggests not. Given this reality, we would be wise to consider strategies that complement and may be more effective than mitigation—namely, adaptation.
Giulio Zanella has a nice post on noisefromamerika, dissecting the sources of Italian deflation. (In Italian, but Google translate does a pretty good job.) Deflation can come from lack of "demand," or from technical innovation and increases in supply. What do the data suggest?
Having absorbed Austria and sliced up Czechoslovakia, Germany attacked Poland on 1 September 1939. On 3 September, that is, 75 years ago today, Britain declared war on Germany. At that moment everyone knew it was serious.
Agonizing deliberation over a Syria strategy shouldn’t be necessary four years into Iraq’s descent into authoritarianism and consequent sectarian violence, and three years into the Syrian civil war. The current conflagration was both predictable and predicted.
As the leaders of NATO's 28 countries gather this week for their annual summit, they will intone, as usual, their catechism of alliance solidarity. As at previous meetings, they will commit to policy initiatives aimed at better coordinating their collective defense. They may even condemn Russia's invasion of Ukraine.
Due to the largest-ever Ebola virus outbreak in Africa and the treatment of a handful of patients with an experimental drug, there has been a resurgence of interest in therapeutics to treat the disease.
In theory, the American economy has been in recovery for a while. However, as we know, this has hardly been a vigorous recovery: Many people have left the labor market, many are likely under-employed, and many others are still hoping to find a job.