by jonathansoroko
January 6, 2012
While Iran is threatening to block the Straits of Hormuz, and various agents are calling for military actions, the crew of an American destroyer patrolling the North Arabian Sea rescued 13 Iranian fishermen captured by Somali pirates in November, 2011. U.S. Navy Rescues Iranians Held by Pirates, 1/6/12, Robert Mackey and J. David Goodman. The [...]
Read the full article →
by jonathansoroko
December 31, 2011
Paul Krugman continues to be persuasive, although we worry that it’s necessary for him to make this point. Excerpted from “Keynes Was Right:” “The boom, not the slump, is the right time for austerity at the Treasury.” So declared John Maynard Keynes in 1937, even as F.D.R. was about to prove him right by trying [...]
Read the full article →