The Edgy Optimist

I’ll have a glass of wine and the genetically modified salmon, please

By Zachary Karabell
March 22, 2013

While tiny Cyprus teeters on the brink, dominating much of the news, and elusive peace in the Middle East remains in the headlines, there is another battle going on — the latest in a long war that is shaping our planet far more than the events in Nicosia or the West Bank. Food and water are essential to human existence, yet in the last few decades the ability to increase food supply by technological means has stirred fear and passion. Cyprus’ woes may come and go; the food wars are going nowhere.

Budgeting for mistrust

By Zachary Karabell
March 13, 2013

Paul Ryan unveiled the House Republican budget this week with an ominous yet familiar warning: “America’s national debt is over $16 trillion.” Having stated the problem, he then offered a solution, one which differed only marginally from what he’s offered the past two years. Namely: restrain government healthcare spending on Medicare and Medicaid, reform the individual tax code, close loopholes, lower corporate taxes, and promote natural gas and energy independence. The goal? A balanced budget by 2023 that will ensure “the well-being of all Americans…and reignite the American dream.”

The U.S. can’t afford a Chinese economic collapse

By Zachary Karabell
March 7, 2013

Is China about to collapse? That question has been front and center in the past weeks as the country completes its leadership transition and after the exposure of its various real estate bubbles during a widely watched 60 Minutes exposé this past weekend.

The black swan sequester

By Zachary Karabell
March 1, 2013

Everyday, we are treated to a new peril: Today we have sequestration, a word not much in anyone’s lexicon until recently. The mandated cuts to the federal budget, $85 billion by last count, will further stunt anemic economic growth, or so economists and the Congressional Budget Office guesstimate. The prognostications surrounding the sequester have been grim, with White House Chief of Staff Denis McDonough warning of a “devastating list of horribles,” ranging from severe travel snafus to the end of vital education programs.