The Great Debate

from Anatole Kaletsky:

Here’s what it will take to trigger the next stock market correction

By Anatole Kaletsky
August 21, 2014

Traders work on the floor of the New York Stock Exchange shortly after the market's opening in New York

As Wall Street hit another new record Thursday, it is worth considering what could cause a serious setback in stock market prices around the world. Since I started writing this column in 2012, I have repeatedly argued that the rebound in stock market prices from their nadir in the 2008-09 global financial crisis was turning into a structural bull market that could continue into the next decade.

Anatomy of an air strike: Three intelligence streams working in concert

By David Axe and Robert Beckhusen
August 21, 2014

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In a fast-moving war with an elusive foe like the Islamic State militants, information is as important as guns, jet fighters and bombs.

from David Rohde:

Did America’s policy on ransom contribute to James Foley’s killing?

By David Rohde
August 20, 2014

Still image from undated video of a masked Islamic State militant holding a knife speaking next to man purported to be James Foley at an unknown location

Somewhere in the desert of eastern Syria, a militant from the Islamic State beheaded the American journalist James Foley this week. The killer and his terrorist group are responsible for Foley’s death. They should be the focus of public anger.

Pity Moscow’s foodies as Putin’s sanctions bite deep

By Jennifer Eremeeva
August 20, 2014

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I find Vladimir Putin annoying at the best of times, but this month my distaste has blossomed into unbridled loathing. By imposing sanctions on food imports from the United States, European Union, Canada and Japan, Russia’s kefir-drinking head of state scuppered my chances of making a decent plate of cacio i pepe or a batch of brownies for the next calendar year. The specter of Soviet-era scarcity is already making itself felt in eerie ways in supermarkets all over Moscow.

from John Lloyd:

‘Braveheart’ they’re not. What’s Scotland’s problem with a United Kingdom?

By John Lloyd
August 19, 2014

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The collapse of empires has been regarded as a good thing for at least a century, much strengthened by U.S. president Woodrow Wilson’s efforts at the Versailles Peace Conference after World War One, where he sought to inscribe into international practice and law the right of all peoples to achieve a national state.

Never an excuse for shooting unarmed suspects, former police chief says

By Joseph D. McNamara
August 19, 2014

A police officer points a spotlight at a more vocal and confrontational group of demonstrators during further protests in reaction to the shooting of Michael Brown, near FergusonI was the police chief in Kansas City, Missouri, when an unarmed African-American teenager was shot by a cop for a non-violent issue. The result was a peaceful and constructive public dialogue — the opposite of what is happening now in Ferguson, Missouri, in the aftermath of the shooting death of Michael Brown, an unarmed 18-year-old.

In Iraq, U.S. is spending millions to blow up captured American war machines

By Jason Fields
August 18, 2014

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Last week was a weird one for American military hardware.

In the United States, Mine-Resistant Ambush Protected vehicles (MRAPs), AR-15s and camouflage body armor all made an appearance on the streets of a suburb in the heartland, helping to give a tense situation the push needed to turn into a week of riots. American citizens in Ferguson, Missouri, feeling they were being occupied by a foreign army, rather than their friendly neighborhood cop on the beat.

Peace may be the true threat to Hamas, Israel’s leaders

By Amy Wilentz
August 18, 2014

Relatives of a Palestinian woman, who medics said was killed in an Israeli air strike, mourn during her funeral in Khan Younis

It’s time to wonder whether Israel and Palestine will ever be able to move out of the moral abyss into which they’ve plunged themselves, and address the threat of peace.

from Anatole Kaletsky:

Can central bankers succeed in getting global economy back on track?

By Anatole Kaletsky
August 15, 2014

Stanley Fischer, the former chief of the Bank of Israel, testifies before the Senate Banking Committee confirmation hearing on his nomination in Washington

Why is the world economy still so weak and can anything more be done to accelerate growth? Six years after the near-collapse of the global financial system and more than five years into one of the strongest bull markets in history, the answer still baffles policymakers, investors and business leaders.

Stop the Pentagon program that militarizes U.S. police forces

By Michael Shank and Elizabeth Beavers
August 14, 2014

Riot police clear demonstrators from a street in Ferguson, Missouri

The article originally ran last October. It has been updated by the authors.

There is a growing bipartisan public outrage about the local police force’s fiercely militarized response to protestors in Ferguson, Missouri.