The Great Debate

from Anatole Kaletsky:

Markets: Exuberance is not always ‘irrational’

By Anatole Kaletsky
July 25, 2014

A pedestrian holding his mobile phone walks past an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo

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.

from Equals:

The problem with being a female football fan

July 25, 2014

Baltimore Ravens Rice reacts after scoring a touchdown during the second quarter in their NFL football game in Denver

It’s a weird time to be an avid NFL fan – particularly when you’re also a woman.

‘When Harry Met Sally’ got it wrong 25 years ago

By Chloe Angyal
July 25, 2014

 harry1

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 Iron Dome is more like an iron sieve

By David Axe
July 25, 2014

An Iron Dome launcher fires an interceptor rocket in Ashdod

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

Plagiarism is dumb. Thinking you’ll get away with it is dumber.

By Suzanne Garment
July 25, 2014

My Approved Portraits

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’s promising new plan to end poverty

By Reihan Salam
July 24, 2014

Ryan speaks at the SALT conference in Las Vegas

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.

You can’t blame immigrants for gun violence

By Mike Males
July 24, 2014

A pile of handguns are placed in a trash bin after they were surrendered during a gun buyback program in Los Angeles, California

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.

$18 billion in job training = lots of trained unemployed people

By Peter Van Buren
July 23, 2014

RTX181GG.jpg

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.

Sanctions finally find Russia’s Achilles heel

By William E. Pomeranz
July 23, 2014

Russia's President Vladimir Putin gestures as he chairs a government meeting at the Novo-Ogaryovo state residence outside Moscow

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.

The war in Gaza threatens Egypt too

By Shibley Telhami
July 22, 2014

A Palestinian woman wearing clothes stained with the blood of other relatives, who medics said were wounded in Israeli shelling, cries at a hospital in Gaza City

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.