Looking through the gauzy veil of history, we tend to forget what a mess JFK made of his first year in office. A world of problems awaited him, and his inexperience...
This idea of special investment opportunities for the very rich created a kind of cult. Institutional Investor in 2003 began publishing Alpha magazine for the hedge...
How the worm turns: A few years ago, it would have been unthinkable that the United States would consider any rapprochement with the Taliban militants who gave...
U.S. officials are warning that if the talks remain stalled, there isn't an easy Plan B, such as a new U.N. Security Council resolution to replace the one that...
But leadership is something more mysterious, and it comes in odd packages -- the brooding, depressive Abraham Lincoln; the patrician Franklin Roosevelt; the genial...
A Chinese preview of this week's government-funded recapitalization of the banks came in the Hong Kong stock market crash of August 1998. To counter a typhoon of...
The Bush administration (remember them?) has an opportunity to build some bridges in foreign policy that could help the next administration, whoever is elected....
The problem is that the sum of all these rational individual decisions, in which each player in the global economy tries to protect his own self-interest, is the...
The frantic debate over the $700 billion bailout plan has obscured the reality that a new framework for recovery will have to be built by the next administration. The...
We are beginning a painful process of deleveraging our debt-addicted economy, but that's in many ways beneficial. Martin Wolf noted in The Financial Times that U.S....
The case for more troops was made forcefully by the new U.S. commander, Gen. David McKiernan. He said in a briefing in Kabul that to cope with rising violence, he needs...
The problem with financial markets, Keynes argued, was that investors were periodically seized by an extreme form of what he called "liquidity preference," which...
Gates has emerged this year as Washington's favorite Cabinet secretary. Both Democrats and Republicans talk of keeping him on in the next administration. Though a...
Petraeus did something astonishing here. It wasn't simply managing the "surge" of U.S. troops, whose precise effects military historians will be debating for years. It...
McCain made the most important command decision of his life when he chose Sarah Palin as his vice presidential nominee. Two weeks later, it is still puzzling that...
It's a policy, in short, that distills some of the foreign-policy lessons learned at the shank end of the Bush presidency. And its contours, interestingly...
And best of all, these four people are each, in different ways, American rebels. They have all made their way challenging conventional wisdom, telling off the...
Listening to McCain, you sensed the beginning of a new Cold War; hearing Obama, you felt a desire to prevent that Cold War from taking root. McCain's advice could...
And this is McCain's week -- so let's imagine what the GOP candidate would look like with a Sarkozy makeover. Sarkozy succeeded a deeply unpopular Jacques Chirac,...
The Syrians would like to see a clear signal from the Bush administration that it supports the peace process and that the United States is prepared to join the French...
The partisanship of the congressional leadership has been a virtue for Democrats, up to a point. By being as tough and unyielding as their GOP rivals, they won back...
McCain's 2006 speech made news, as he knew it would. So did an address in Munich the night before from Georgia's emotional president, Mikheil Saakashvili. He recalled...
Amazingly for a defense secretary, Gates has been arguing against the "creeping militarization" of foreign policy. In a speech last month, he urged more funding for the...
The administration's wariness of military options is also clear from recent efforts to dissuade Israel from attacking Iranian nuclear facilities. Mike McConnell, the...
McCain was a wild man in his youth, drinking and chasing woman like a renegade prince of Navy royalty. He is brutally frank in his description of this protracted...
Maliki and his colleagues are being faithful to Iraqi history -- a factor the administration has too often misunderstood. For Bush, Iraqi history seems to have begun...
So the Syrians have kept up a dialogue even as the Israelis destroyed what they claimed was a secret nuclear reactor. Welcome to the Middle East. The first surprise...
And he says he was troubled about Fannie Mae and Freddie Mac, the mortgage giants that had grown fat on an implicit (but never tested) government guarantee to back up...
I wish that Treasury and Federal Reserve officials would do a better job of bargaining -- so taxpayers won't have to dig into their pockets again a few months from now...
The Army can't afford this sort of retroactive self-justification. Its commanders and soldiers are the ones who got stuck with the situation in Iraq and had to make it...
And even as they talk of diplomacy, the Iranians continue to brandish the weapons of war. The latest example was the test firing Wednesday of a Shahab-3 missile, which...
But Obama doesn't try to please everyone in these situations. When he decides he's in trouble (and that sometimes takes him awhile), he goes to the heart of the matter...
Argues a former intelligence official, "It's a PowerPoint covert-action program. It looks aggressive, but it's not a tied-together, long-term strategy that would make...