- By Blake Hounshell
Blake Hounshell is managing editor at Foreign Policy, having formerly been Web editor. Hounshell oversees ForeignPolicy.com and has commissioned and edited numerous cover stories for the print magazine, including National Magazine Award finalist "Why Do They Hate Us?" by Mona Eltahawy. He also edits The Cable, FP's first foray into daily original reporting, and was editor of Colum Lynch's Turtle Bay, which in 2011 won a National Magazine award for best reporting in a digital format.
Blake joined Foreign Policy in 2006 after living in Cairo, where he studied Arabic, missed his Steelers finally win one for the thumb, and worked for the Ibn Khaldun Center for Development Studies. Blake was a 2011 finalist for the Livingston Awards prize for young journalists for his reporting on the Arab uprisings, and his Twitter feed was named one of Time magazine's "140 Best Twitter Feeds of 2011." Under his leadership, in 2008, Passport, FP's flagship blog, won Media Industry Newsletter's "Best of the Web" award in the blog category. Along with Elizabeth Dickinson, he edited Southern Tiger: Chile's Fight for a Democratic and Prosperous Future, the memoirs of former Chilean president Ricardo Lagos, published by Palgrave Macmillan in 2012.
A graduate of Yale University, Blake speaks mangled Arabic and French, is an avid runner, and lives in Washington with his wife, musician Sandy Choi, and their toddler, David. Follow him on Twitter @blakehounshell.
Want to get the jump on the next Bush administration resignation? Follow the nascent political prediction markets, where insider trading ain’t no crime. This just arrived in my in box from InTrade, one of the leading markets:
Within minutes of TV reports of the resignation the price of a single contract on Gonzales resigning had soared to 99.5, representing a probability of 99.5% that he would be gone by the end of September.
Less predictable was the movement in this market early on Sunday, more than 24 hours before the resignation was officially made public. On Sunday the price of a contract for Gonzales to resign by the end of September rallied from 10.0 to 29.0. The contract for a resignation by end of December rallied from 26.0 to 40.0.
Washington Whispers broke the Gonzales rumor at 12:06 p.m. on Sunday, the day Gonzales met Bush and resigned in person, so it’s likely that people were just making a bet based on that story. After the Winograd Commission condemned Israeli PM Ehud Olmert in late April for his conduct of the war with Hezbollah, InTrade’s Olmert resignation contracts spiked. Today they are at rock bottom. Still, this, from the same newsletter, is intriguing:
A similar market for Donald Rumsfeld to resign as Secretary of Defence also saw sudden upward movement in the hours before the news became public. The market on Saddam Hussein being captured also rallied just before he was found hiding in his bunker.