An Intellectual Bailout
We must add another field to the list of those in need of rescuing -- economics itself.
Expert Sitings: Barry Ritholtz
Barry Ritholtz is CEO and director of equity research at Fusion IQ, an online quantitative research firm. He blogs at ritholtz.com, a top-ranked financial Web site, and is a frequent television commentator.
A picture may be worth a thousand words. But, as it turns out, it takes almost 100 million pictures to make a map.
Remember the $100 laptop? Turns out, when you add up the total costs of ownership, the tab can actually top $2,600.
For years, creating an effective means of alerting the world to brewing conflicts has been the dream of humanitarians.
The Early Read: On the Future
FP's new section, The Early Read, will highlight upcoming new books with big ideas. In this inaugural edition, we examine a few picks from the reliable crop of books about the future that appears every new year. These take a slightly longer view, with bold forecasts for the next century: which brewing conflicts will erupt into wars, which states will dominate, and what it will mean to live in a completely digitized world.
The Poor Man’s Burden
Eighty years ago, a depression changed the way we think about poverty. It took decades for the world to recover and to remember that if people are given freedom, they will prosper. Now, in the wake of another massive meltdown, the fear that shocked us into depending on government to fix poverty is spreading once again -- and threatening to undo many of the gains we've made.
Faith in the Market
The champions of Islamic finance -- banking and investing based on the Koran -- believe that if Islamic principles had been applied to Wall Street, the global economic crisis never would have happened. The handful of men who decide which mortgages, car loans, and credit cards are spiritually sound are cashing in. But critics smell a con.
Watch the Dollar
"If housing prices fall back in line with the overall rate price level... it will eliminate more than $2 trillion in paper wealth and considerably worsen the recession. The collapse of the housing bubble will also jeopardize the survival of Fannie Mae and Freddie Mac." -- Dean Baker, September 2002
Are We There Yet?
"I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression." -- Robert J. Shiller, September 2007
Good Luck, Barack
"The size of the financial markets... has become so monstrously huge, there is no other means of maintaining stability than to establish a psychology of confidence. The governments themselves can only project to the markets a sense they know what they're doing." -- David M. Smick, March 2008
A Lethal Shakeout
"If, as I suspect, the American consumer now enters a sustained slowdown, there will be unmistakable reverberations on U.S.-centric export flows in many major regions of the world." -- Stephen S. Roach, October 2006
Warning: More Doom Ahead
"Because the United States is such a huge part of the global economy, there's real reason to worry that an American financial virus could mark the beginning of a global economic contagion." -- Nouriel Roubini, March 2008
The Worst Is Yet to Come
Five economists whose prophetic warnings went unheeded preview the next stage of the global financial crisis.
The Other Housing Crisis
Why can't Israel and the Palestinians make peace? There are many complicated reasons, but the facts on the ground point to a simple answer: It's the settlements, stupid.
The Making of George W. Obama
The 2008 U.S. election was all about change. But that's not what we're going to get on foreign policy, says the longtime speechwriter for Condoleezza Rice. Instead of a radical departure from Bush, we're likely to end up with a lot more of the same. And that may be just what we need.
The FP Interview with Gen. David H. Petraeus
As America's most famous warrior-scholar looks to export his Big Ideas about fighting wars from Iraq to the arguably even tougher battlefield of Afghanistan, FP's executive editor, Susan Glasser, spoke with him in the Pentagon days after he took over his new command.
Counterinsurgency Field Manual: Afghanistan Edition
Two years ago, a controversial military manual rewrote U.S. strategy in Iraq. Now, the doctrine's simple, powerful -- even radical -- tenets must be applied to the far different and neglected conflict in Afghanistan.