For more than six months now, since Russia annexed Crimea, Western politicians and analysts have been asking what can make Vladimir Putin stop or retreat. It’s the wrong question, and the policies that have flowed from the resulting debate have been misguided, because they are based on the fallacy that the West can do something to influence Putin’s actions.
The Great Debate
from Edward Hadas:
Many people think politics is really a branch of economics. When the United States invaded Iraq in 1991, the common cry was that it was all about oil. On the same thinking, rich countries were indifferent to the brutal civil war in the Democratic Republic of the Congo – which has cost 5.4 million lives, according to the International Rescue Committee – because the economic stakes were too low to matter. This economic reductionism goes on in developed countries too. Pundits and pollsters argue that elections are won and lost above all else on the economy.
One of the most troubling aspects of the slaying of American journalists James Foley and Steven Sotloff is that a well-spoken man with a British accent appears to have been the killer. The fact that an educated Westerner slaughtered other educated Westerners and then put their murder tapes on the Web was enough to dominate the news cycle.
By Rob Cox
The author is a Breakingviews columnist. The opinions expressed are his own.
Nine years ago, Breakingviews proposed an “extreme idea” to Citigroup’s then-leader Charles Prince. The $240 billion New York bank’s market capitalization was lower than the worth of its parts valued separately. By splitting into three separate units, the idea was, Prince could hand shareholders an extra $50 billion or so, the equivalent of one entire U.S. Bancorp at the time.
Ever since the Ukrainian revolution in February this year, the Eastern European country has witnessed spiraling political instability and bloodshed.
In her recently published memoir Hard Choices, former Senator Hillary Clinton recounts the meeting, nine days after the election of 2008, when President-elect Barack Obama first asked her to be his secretary of state. He “presented a well-considered argument,” she writes, “explaining that he would have to concentrate most of his time and attention on the economic crisis and needed someone of stature to represent him abroad.”
Experts will be meeting this week at the World Health Organization (WHO) to discuss the role of new drugs and vaccines to help control the Ebola epidemic in West Africa. Last month, the WHO said that it is ethical to provide experimental drugs and vaccines for Ebola, but that there’s also a “moral duty” to conduct clinical trials of these experimental drugs and vaccines to determine whether they’re safe and effective. At the same time, a new study released last week shows that the Ebola virus is mutating rapidly, which could make it more transmissible or reduce the effectiveness of drugs and vaccines in the pipeline.
from Anatole Kaletsky:
This week’s theatrical resignation threat by Manuel Valls, the French prime minister, combined with deep European anxiety about deflation, suggest that the euro crisis may be coming back. But a crisis is often an opportunity, and this is the hope now beginning to excite markets in the eurozone.
“Hours of chaos” is how the New York Times described the work reality of more and more Americans. It highlighted Jannette Navarra, a Starbucks barrista, who is regularly forced to work part-time with fluctuating hours. She usually gets her work schedule three days ahead of the workweek, so she is always scrambling to arrange childcare for her son. Any hope Navarra has of advancing by pursuing a degree is shattered by her inability to schedule classes.