Understanding Entrepreneurs
Stephen BoykoAron GottesmanEntrepreneurs are unique people. Much like Benjamin "Bugsy" Siegel's vision of Las Vegas in the Nevada desert, entrepreneurs are solvers of unrecognized societal problems. In...
View ArticleWar, Trade and Utopia
Barry LynnIN THE spring of 2001 Andrew Grove, the chairman of Intel, made a remarkable statement. Any conflict in or around the Taiwan Strait that resulted in a break in trade, he said, would result in...
View ArticleNew Innovation Challengers
Dan SteinbockAsk leading senior executives in the United States, Western Europe or Japan how they intend to cope with the challenges of China and India, and you'll get a familiar response: "We shall...
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Made in America
Carl J. Schramm INNOVATION AND the founding of the United States were good for one another. The American Revolution and the subsequent creation of the Constitution were in part byproducts of the...
View ArticleFirst Bank of the Living Dead
Daniel W. DreznerSebastian Mallaby, More Money Than God: Hedge Funds and the Making of a New Elite (New York: Penguin Press, 2010), 496 pp., $29.95.John Quiggin, Zombie Economics: How Dead Ideas Still...
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Deepwater Horizon
Edward L. Morse THE MACONDO oil well blowout in the Gulf of Mexico last April has consequences far beyond BP’s balance sheet—or even the potential rate of growth of offshore oil and gas production in...
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Ike’s Balancing Act
Charles ZakaibChristopher A. PrebleFor the next several months, Congress and President Obama will be struggling with how to balance our national priorities against our available resources. This month...
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Why the Tea Party Is Right About Defense Spending
Jacob HeilbrunnMy new hero is Rep. Chris Gibson. Gibson, a Tea Party member, laid it on the line the other day at a congressional hearing. While other Republicans bluster about maintaining spending,...
View ArticleThe Greek Financial Catastrophe
Jacob HeilbrunnIs there a silver lining in the collapse of Greece for America? Actually, there could be silver linings. One might be the collapse of the Euro and the European Union. Looked at from a...
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Three Arguments Against the Democratization of Destruction
Benjamin H. FriedmanThe thesis of Andrew Krepinevich’s new piece in Foreign Policy, “Get Ready for the Democratization of Destruction,” is that “the rapid pace of technological progression, as well as...
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Romney, Corporations, and Government
Paul R. PillarThe criticisms by Mitt Romney’s Republican opponents of his record as a private-equity artist may be motivated by desperation in trying to deny him a nomination that seems almost in his...
View ArticleThe MBA Myth
Alexa L. McMahonColumnist Vivek Wadhwa has stepped off the high dive and belly flopped in the Washington Post with his latest “Would the Facebook IPO have Bombed if Mark Zuckerberg had an...
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The Next Energy Boom
Sean GoforthAdvances in surveying and drilling technology have brought the world to the brink of another energy bonanza. It is already underway in the United States and Canada in the form of a...
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Does China Belong in the WTO?
A. Greer MeiselsIn December 2001, China officially became the World Trade Organization’s (WTO) 143rd member. This was a hard-won victory for the country after fifteen years of agonizing and grueling...
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Saudi Money Shaping U.S. Research
Susan SchmidtSaudi Arabia’s oil reserves are expected to run dry in fifty years. This prospect has encouraged the Saudis to go shopping for cutting-edge science that can secure the kingdom’s future—at...
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How Obama Helped Create Edward Snowden
Jacob HeilbrunnPresident Obama has said he doesn't believe in "wheeling and dealing" with foreign govnerments to retrieve Edward Snowden, the NSA leaker who is currently holed up somewhere in Russia....
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Snowden and China's High-Tech Trade
Yu ZhouLess than a month ago, former CIA employee and NSA contractor Edward Snowden left Hong Kong and remains in a Moscow transit lounge awaiting his next stop. Whatever the political fallout on...
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Is China Doomed?
Rajan MenonBetween 1978, the year Deng Xiaoping’s sweeping economic reforms were launched, and 2011, China’s GDP increased by an average of 10 percent annually, three times that of the global economy....
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America's Africa Opportunity
David MichaelIt would be easy to describe President Obama's trip to Africa earlier this summer as a triumph of symbolism over substance. Much of the news reporting supported this impression, focusing...
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Egypt's Way Forward
James P. FarwellDarby ArakelianThe stakes in Egypt keep rising. The latest clashes between the government and supporters of the Muslim Brotherhood threaten to send Egypt into chaotic conditions.The...
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