With the stock market continuing to hit new highs almost daily despite the appalling geopolitical disasters and human tragedies unfolding in Ukraine, Gaza, Syria and Iraq, there has been much head-scratching about the baffling indifference among investors. Many economists and analysts see this apparent complacency as a symptom of a deeper malaise: an “irrational exuberance” that has pushed stock prices to absurdly overvalued levels.
The Great Debate
This week marks the 25th anniversary of the release of the beloved romantic comedy When Harry Met Sally… Directed by Rob Reiner and written by the late, great Nora Ephron, the movie that gave us one of the most famous one-liners in Hollywood history — “I’ll have what she’s having” — has become a modern classic with good reason. It asks a question that is as relevant in 2014 as it was in 1989: Can men and women be “just” friends without, as Billy Crystal’s Harry put it, “the sex thing getting in the way”?
Israel’s vaunted Iron Dome defense system is more like an iron sieve. It fails to destroy all but a few of the rockets that Hamas and other Palestinian militant groups fire at Israeli communities. But Israel’s early-warning civil-defense systems have proved highly effective.RELATED COLUMNS
Uzi Rubin: Iron Dome is an ironclad success
You’ve got to hand it to the New York Times for its exposé of the plagiarism committed by Senator John Walsh (D-Mont.) in the paper he submitted for his 2007 master’s degree from the United States Army War College. Walsh, who spent more than three decades in Montana’s National Guard and won a Bronze Star after his 2004-5 tour of duty in Iraq, was appointed to the Senate in early 2014 and is now in a tough race for election to his seat. Montana Democrats have made much of Walsh’s military service. The Times’ accusation of plagiarism seriously threatens that narrative.
from Reihan Salam:
Paul Ryan has long been known as the GOP’s budget guru. With the release of his new report on expanding opportunity in America -- the most ambitious conservative anti-poverty agenda since the mid-1990s -- he is on the cusp of becoming something much more than that.
The eruption of anti-immigrant fury over the federal government’s plans to temporarily relocate undocumented Latino children to shelters and Border Patrol facilities in Murietta, California, and other cities, is largely founded on the expressed belief that immigrants bring drugs and crime, threatening the safety of communities.
President Barack Obama told Americans in his July 19 weekly address that every worker deserves to know that “if you lose your job, your country will help you train for an even better one.” A nice sentiment — and politically safe. It’s just the wrong answer. Those “better jobs” don’t exist, and training doesn’t create jobs. Despite all that, every year the U.S. government spends billions of dollars on job training, with little impact.
Russian President Vladimir Putin and President Barack Obama were reportedly engaged in a heated telephone conversation last Thursday when Putin noted in passing that an aircraft had gone down in Ukraine. The tragic crash of the Malaysian airliner in rebel-held eastern Ukraine continues to dominate the headlines, but it is important to remember what agitated Putin and prompted the phone call in the first place — sanctions.
Cairo’s efforts to mediate between Israel and the Palestinians in Gaza, according to conventional wisdom, have largely been dictated by President Abdel Fattah al-Sisi’s animosity toward Hamas. After all, Hamas is an offshoot of the Muslim Brotherhood, which Sisi’s government has declared a terrorist organization and regards as a serious threat.