Call it a battle for beginnings and endings, and the Federal Reserve is smack in the middle.
The Great Debate
Economic history is the only field of human endeavor where the past changes as much if not more than the present and the future. Policymakers and practitioners struggle to define and write a “narrative” of the past as a means to control how policy responds to current and future problems.
Research in Motion officials do their best not to laugh when asked if they fear the rise of a BlackBerry-killer, some theoretical device that does everything its coveted e-mail phone does, only better.
Chairman Mao used to say the truth is always kept by the minority.
A little-known private Chinese machinery company’s bid for a GM marque has been sneered at by even the patriotic Chinese media, but the deal could succeed where mightier plays like Chinalco’s for Rio Tinto have failed.
– Eric Auchard is a Reuters columnist. The opinions expressed are his own –
Dell Inc’s move into retail sales might seem poorly-timed, discretionary spending being what it is. In fact, the world’s No. 2 personal computer maker looks like it’s making the right choices that can get its long-struggling consumer business rolling again.
– Flynt Leverett directs The New America Foundation’s Iran Project and teaches international affairs at Pennsylvania State university. Hillary Mann Leverett is CEO of STRATEGA, a political risk consultancy. Both worked for many years on Middle East issues for the U.S. government, including as members of the National Security Council staff. The views expressed are their own. —