The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about how they came together to save the Greek economy and the European Monetary Union. However, this deal is merely a Band-Aid, not a permanent fix to Greece’s problems. So another crisis is inevitable. The Greek crisis...

“The Turks have passed by here; all is in ruins and mourning. “ So wrote France’s great writer, Victor Hugo, of the horrors he had witnessed during the Balkan liberation wars of the 1880’s. If Hugo were alive today, he might well have used the same haunting lines to describe the smoking wreckage of the Mideast. Except this time it was the United States, France, and Britain who wrought havoc in the Arab world, assisted by modern Turkey. The UN’s refugee czar, Antonio Guterres, just asserted...

No sooner had a sociopath carried out the murder of nine black people at a South Carolina church, than the voice of Boobus Americanus rose up, as one, to get to the cause of the slayings: the Confederate battle flag! The South Carolina legislature hurriedly passed a bill to remove this flag from the capitol grounds. Not content with so limited a measure, it was decided to also cut down the flagpole that had flown it, the pole having been tainted by the flag’s presence thereon. Proponents of...

As nuclear talks between the P5+1 and Iran in Vienna extend past yet another (largely US-imposed) deadline, the dysfunctionality of the Obama administration’s approach becomes increasingly apparent. Since April, when the parties announced a set of “parameters” for a final deal, senior administration officials have staked out public positions on the most important unresolved issues that, frankly, are inconsistent with what was agreed in April. These include a US demand for open-ended retention...

The Pentagon has released its “National Military Strategy of the United States of America 2015” in June, 2015. The document announces a shift in focus from terrorists to “state actors” that “are challenging international norms.” It is important to understand what these words mean. Governments that challenge international norms are sovereign countries that pursue policies independently of Washington’s policies. These “revisionist states” are threats, not because they plan to attack the US,...

“When Money Dies” is the title of a 1975 book by Adam Fergusson, in which he describes the downfall of the Reichsmark in Weimar Germany. A fascinating look at that period of history, one can glean quite a few useful pieces of advice on how to survive a currency crisis. But “when money dies” could also describe the current currency crisis in Greece, in which many Greeks seem to have taken those lessons from Fergusson’s account of the Weimar hyperinflation to heart. Even though the Greek...

The Iran nuclear talks may be getting close to some sort of conclusion in Vienna, but American political and policy elites remain, to an appallingly large extent, clueless as to what is really at stake in the negotiations. And, while the headline from a recent NBC News poll notes that Americans favor an Iran nuclear deal by a “2 to 1” margin, in fact, the polls shows that a plurality of Americans say they don’t know what to think about a possible Iran nuclear deal. These observations...

The United States already has by far the per capita largest prison population of any developed country but I am probably one of the few Americans who on this Independence Day would like to see a lot more people in prison, mostly drawn from politicians and senior bureaucrats who have long believed that their status makes them untouchable, giving them license to steal and even to kill. The sad fact is that while whistleblowers have been imprisoned for revealing government criminality, no one in...

“Strange how paranoia can link up with reality now and then.” ― Philip K. Dick, A Scanner Darkly Once upon a time, there was a nation of people who believed everything they were told by their government. When terrorists attacked the country, and government officials claimed to have been caught by surprise, the people believed them. And when the government passed massive laws aimed at locking down the nation and opening the door to total government surveillance, the people believed it was done...

Last week we saw an encouraging sign that the 50 year cold war between the US and Cuba was finally coming to an end. President Obama announced on Wednesday that the US and Cuba would restore full diplomatic relations and that embassies could be re-opened in each country by the end of the month. For this achievement, which was resisted by vested interests in the US, Obama should be praised. However we shouldn't be too optimistic about truly establishing normal relations until we understand how...

The recent and rapid successes of the Islamic State (IS) in seizing Palmyra in Syria and Ramadi in Iraq, together with its three successful same-day strikes on 26 June 2015 in Kuwait, France, and Tunisia seem to have left British Prime Minister David Cameron rather panicky — like a twitchy kitten experiencing its first thunder-and lightning storm. In response to these events, Cameron has come somewhat unglued. The leader of a once mighty, respected, and feared nation has responded to IS’s...

One notable consequence of the Ukraine conflict and the ongoing confrontational stand-off between the West and Russia is the dramatic surge in military spending among several European countries. However, this unprecedented militarization of economies across Europe portends a disastrous Greek-style future of crippling debt for these same countries. Those most at risk from a future hangover of military overspend in the years ahead include the Baltic states, Poland and the Scandinavian countries....

Forget the mad spinning. Here it is, in a nutshell, what it really takes for Iran and the P5+1 to clinch a game-changing nuclear deal before the new July 7 deadline. Iran and the P5+1 agreed in Lausanne on a “comprehensive plan of action,” taking into account delicate constitutional considerations in both the US and Iran. A crucial part of the plan is the mechanism to get rid of sanctions. Lausanne – and now Vienna – is not a treaty; it’s an action plan. There will be a declaration when a deal...

To understand today’s crises in Iraq, Syria, and Iran, one must grasp their shared Lebanese connection. This assertion may seem odd. After all, what’s the big deal about Lebanon? That little country hasn’t had top headlines since Israel deigned to bomb and invade it in 2006. Yet, to a large extent, the roots of the bloody tangle now enmeshing the Middle East lie in Lebanon: or to be more precise, in the Lebanon policy of Israel. Rewind to the era before the War on Terror. In 1995, Yitzhak...

The photos from Greece showing long lines at ATMs are astonishing. Even after the deposit outflows from Greek banks over the past weeks, there are still large numbers of people who are trying to get their money out of the banking system. With the banks closed, ATMs are the only way for people to get any cash. Let’s not beat around the bush in describing what is happening: this is a bank run. Even though Greece has a deposit insurance scheme that covers up to €100,000 in savings accounts, trust...

“If you don’t want a man unhappy politically, don’t give him two sides to a question to worry him; give him one. Better yet, give him none. Let him forget there is such a thing as war. If the government is inefficient, top-heavy, and tax-mad, better it be all those than that people worry over it…. Give the people contests they win by remembering the words to more popular songs or the names of state capitals or how much corn Iowa grew last year. Cram them full of noncombustible data, chock them...