There’s no better way to make the point that President Barack Obama is indecisive, dithering and prone to bow (literally) and scrape (figuratively) to foreigners than with a flood of reports claiming it was Secretary of State Hillary Clinton, watching Colonel Moammar Gadhafi turn back the rebels and strafe his own citizens, who declared war on Libya.Not by herself, of course, and not “war,” which

NEW HAVEN ― People frequently ask me, as someone who has written on market speculation, where the next big speculative bubble is likely to be. Will it be in housing again? Will it be in the stock market?I don’t know, though I have some hunches. It is impossible for anyone to predict bubbles accurately. In my view, bubbles are social epidemics, fostered by a sort of interpersonal contagion. A bubbl

As the world’s attention remains fixed on Japan’s crippled nuclear reactors, scientists are beginning to understand the details of the megaquake that brought so much ruin to Japan, saying it’s probably the largest temblor to hit the nation in 1,000 years.Seismologists have known for some time that over periods of millennia such megaquakes occur. They pack the punch of three or more major earthquak

The Z/Yen Group just published its annual Global Financial Centers Index and Tokyo is tied with Shanghai for fifth place. If the survey were retaken today, what might happen to Tokyo’s standing?What a difference 12 days make: a massive earthquake, deadly tsunamis, radiation panic that only now is coming under control and blackouts that halted production at the likes of Toyota Motor Corp. Japan’s w

NEW DELHI ― It is exactly 40 years since the Pakistani military regime of Yahya Khan initiated “Operation Searchlight” in March 1971. That military expedition was but the latest in a series of pogroms carried out to intimidate the restive population of what was then called East Pakistan ― today’s independent Bangladesh. What followed was one of the worst massacres in human history, now all but for

President Obama’s first extended tour through Latin America comes not a moment too soon. There’s nothing like a personal visit by the president to showcase U.S.-Latin American relations and disarm critics who feel the president has neglected the region. To make this visit count, the president must speak to the region’s concerns and anxieties.Brazil, his first stop, has been labeled “the country of

Far from the perils of Japan, the world’s attention also focuses on Libya. There U.S. and allied warplanes and cruise missiles aim to force dictator Moammar Gadhafi from power, or at least help antigovernment rebels keep fighting.That’s the riveting Main Event at the moment in the greater Middle East. But peel away from that military spectacle for a moment. Take a glance across the rest of the Mid

Once again the United States is bombing a Muslim country to liberate its people from their own sanguinary rulers. Once again we are told that innocent civilians are being massacred and that the United States must intervene as a matter of moral duty, in its capacity as a great and good nation. But in this case ― even as part of a broader, U.N.-sanctioned coalition to enforce a no-fly zone ― the U.S

Some people just shouldn’t be in charge of high-risk nuclear facilities.As far back as 2005, I warned Eisaku Sato, governor of Fukushima at the time, about the dangers of letting spent fuel accumulate in cooling ponds at the prefecture’s nuclear plants and the need to put it into much safer dry stores as soon as possible. He seemed to be the only one who listened. But clearly there were people who

Anxious families awaiting April college admission news are living their own March Madness.Their insanity is captured in Andrew Ferguson’s new book, “Crazy U: One Dad’s Crash Course in Getting His Kid Into College” (Simon & Schuster). He describes the vanity of a desperate mother at a cocktail party who is dying to announce her daughter’s perfect SAT scores:“‘We were really surprised at how well sh

In our past editorials, we have touched on the topic of political correctness (PC), concluding that Taiwan as a nation could use a good dose of PC. However, it appears that the United States, the “Land of the Free” and arguably one of the most PC-striving countries in the world to which we look up, has shown some deeply abhorrent behavior, from high-profile radio personalities to university studen

If, as Sun Tzu wrote, “all warfare is based upon deception,” then the war now unfolding in the Libyan desert is one towering with deception. And it appears that the Obama administration is skillfully wielding at least this one deadly principle of conflict.Operation Odyssey Dawn is no no-fly zone; it is most likely the first, opening gambit of a potentially larger military operation. By expanding t

The worst case. These three words have been at the back of everyone’s mind ever since the Fukushima reactors began malfunctioning after being swamped by a tsunami. Remarkably, these reactors have been at the front of few experts’ mouths.Many experts have shied away from describing worst-case outcomes, which are terrifying to contemplate and risky to mention. The risk isn’t just panicking the publi

Sun Tzu’s admonition to know thine enemy is as essential in politics as it is in war.With Democrats and Republicans locked in a struggle for supremacy, both are guardedly optimistic that currents are blowing their way. In dozens of conversations over the past week or so, while differences emerge among politicians when it comes to their own parties, there’s a consensus about their opponents’ vulner

With every passing day, Japan’s chain reaction of disasters pushes the envelope of what humankind regards as unthinkable.Last week’s 9.0 earthquake was so powerful it literally altered the earth’s rotation and shortened the length of our day. Yet that’s the least of the world-rattling implications from the horrors still unfolding on Japan’s largest island, Honshu.Foremost on everyone’s mind are th

In a rapidly changing Islamic world, the Obama administration is weighing how best to talk with adversaries such as the Taliban and, perhaps, Hezbollah. One model for the administration, as it thinks about engagement of enemies, is the British process of dialogue during the 1990s with Sinn Fein, the legal political wing of the terrorist Irish Republican Army. That outreach led to breakthrough peac

You never want to kick a nation when it’s down. It’s time, though, to consider the depth of Japan’s coming recession. A week ago, before radiation fears prompted a mass exodus from Tokyo, a downturn was of the “if” variety. Japan’s prospects then dimmed with each passing day of blackouts and panicked news reports. The questions now are when the recession will officially begin, how bad it will be a

The world is beset by crises, from an earthquake and tsunami in Japan to revolution and repression in the Middle East. For one small segment of the population, however, it’s party time.The rich are spending again; the more conspicuous the consumption, the better. Gone are the exhortations to bankers in the dark days of 2008 and 2009 to temper extravagant behavior, act more like an everyman. Shun t

The decision to opt for medical care that relies on the most costly technology is often based on blind faith that newer, elaborate and expensive must be better.The sentiment is understandable. We look to the miracles of medical technology to solve all sorts of problems, from weight loss to wrinkle removal. We place even greater faith in this technology when engaged in life’s inevitable losing batt

Alarmed by the nuclear disaster in Japan, China has ordered a comprehensive safety assessment of all nuclear plants under construction and suspended approval of new plants pending formulation of new safety regulations.In a statement released on Wednesday, the State Council urged using “the most advanced standards” for the safety checks and told officials to immediately cease construction of the pl