Monday Double-Take

Days after we learned that the bailout of America’s government-backed mortgage orgy is likely to surpass $150 billion, the Department of Housing and Urban Development is peddling a strikingly counterintuitive idea: fund $20-$30 billion in improvements in public housing by taking out government-guaranteed mortgages on its housing …

Why You Should Ignore Early-Voting Totals

A week before Election Day, both parties are spinning early-voting tallies as a positive omen for their midterm prospects. “Despite national momentum being on the Republican side for months, we are not seeing anything resembling a Republican surge,” New Jersey Sen. Robert Menendez, the Democratic Senate Campaign Committee Chairman,

In the Arena In the Arena

The China Syndrome

According to the New York Times, the Obama Administration may be coming to the conclusion that China is more a strategic competitor than strategic partner. Certainly, the Chinese have been acting more aggressively toward their Asian neighbors and more disdainfully toward us–although I would imagine it’s still premature to say whether …

Be Careful What You Wish for, Mr. Karzai

Hamid Karzai, confronted with an extremely embarassing story, angrily lashes out against the U.S.:

Mr. Karzai made his remarks during a rambling, sometimes incoherent appearance at a news conference during which he accused the United States of funding the “killing” of Afghans by paying thousands of gunmen at private security

Lost Home ≠ Lost Vote

In 2008, a scary, inaccurate adage made the rounds: Lose your house, lose your vote. It spread after the Michigan Messenger, a publication that described itself as “a coalition of long-time progressive bloggers, freelance writers and professional journalists,” reported that a local Republican group was planning to use lists of …

When a Bank Fails

I have a longer piece in this week’s print and IPad editions on how the failure of a community bank in Cornelia, Georgia, has undermined the town’s confidence in government, the economy and itself.

While the big banks have largely stabilized, small bank failures are still growing, and the piece addresses a few issues that come with …

In the Arena In the Arena

Afghanistan Exit: 2014

Les Gelb jumps the gun on the mid-November NATO summit by reporting that the allies will set 2014 as the real end date for the Afghanistan war effort. This conforms to Hamid Karzai’s stated deadline, which few took seriously when he announced it last July. More important, it conforms to the U.S. political schedule–Obama won’t be accused …

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