Today’s Reading

The Quiet Coup: In my view, the U.S. faces two plausible scenarios. The first involves complicated bank-by-bank deals and a continual drumbeat of (repeated) bailouts, like the ones we saw in February with Citigroup and AIG. The administration will try to muddle through, and confusion will reign. Boris Fyodorov, the late finance minister of Russia,… Continue reading Today’s Reading

A day late and a dollar short… (Iraqi currency cliches continue)

Steve at Cows and Graveyards correctly connects the upcoming oil extraction agreements in Iraq to peak oil. Yes, Iraq has the second largest oil reserves in the world, and as the global demand (mostly due to 40% increase in yearly consumption caused by the burgeoning Chinese economy) outstrips supply, prices will skyrocket unless the US… Continue reading A day late and a dollar short… (Iraqi currency cliches continue)

Refugee Life

“We must… build our political philosophy anew starting from the one and only figure of the refugee.” (Giorgio Agamben) If the nation-state is in decline, it is principally because the nation-form, that coalition of fellow natives born of common blood and soil has given way to the denizen-foreigner: the resident-alien who through dint of illegal… Continue reading Refugee Life

Perpetual Peace

The Enlightenment project was, if not exactly founded upon, at least encouraged and made international, by the challenge of Saint-Pierre’s A Project for Settling an Everlasting Peace in Europe. All of the eighteenth century’s philosophers took it up, and while they disagreed on the exact means, all felt that reason could lead the way. Saint-Pierre… Continue reading Perpetual Peace

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