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81. Too Big to Fail: The Transatlantic Debate

Author:
Morris Goldstein and Nicolas Véron
Publication Date:
01-2011
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
Although the United States and the European Union were both seriously impacted by the financial crisis of 2007, resulting policy debates and regulatory responses have differed considerably on the two sides of the Atlantic. In this paper the authors examine the debates on the problem posed by "too big to fail" financial institutions. They identify variations in historical experiences, financial system structures, and political institutions that help one understand the differences of approaches between the United States, EU member states, and the EU institutions in addressing this problem. The authors then turn to possible remedies and how they may be differentially implemented in America and Europe. They conclude on which policy developments are likely in the near future.
Topic:
Economics and Financial Crisis
Political Geography:
United States, America, and Europe

82. Toward a Free Market in Education: School Vouchers or Tax Credits?

Author:
Michael A. LaFerrara
Publication Date:
03-2011
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
More and more Americans are coming to recognize the superiority of private schools over government-run or “public” schools. Accordingly, many Americans are looking for ways to transform our government-laden education system into a thriving free market. As the laws of economics dictate, and as the better economists have demonstrated, under a free market the quality of education would soar, the range of options would expand, competition would abound, and prices would plummet. The question is: How do we get there from here? Andrew Bernstein offered one possibility in “The Educational Bonanza in Privatizing Government Schools” (TOS, Winter 2010-11): Sell government schools to the highest bidders, who would take them over following a transitional period to “enable government-dependent families to adjust to the free market.” This approach has the virtues of simplicity and speed, but also the complication of requiring widespread recognition of the propriety of a fully private educational system—a recognition that may not exist in America for quite some time.
Topic:
Economics, Education, and Government
Political Geography:
America

83. Building an Impact Economy in America

Publication Date:
12-2011
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
Today America finds a new market force emerging: companies that achieve an intimate connection between profit and purpose. And these businesses are supported by a developing system of investors and other financial actors that seek to place capital in firms that are achieving social impact. A new trail is being blazed for our country – open, far-reaching, transformative, offering an opportunity for renewal and growth. This is the Impact Economy.
Topic:
Economics, Industrial Policy, International Trade and Finance, Markets, and Monetary Policy
Political Geography:
United States and America

84. Lawless Policy: TARP as Congressional Failure

Author:
John Samples
Publication Date:
02-2010
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
The U.S. Constitution vests all the “legislative powers” it grants in Congress. The Supreme Court allows Congress to delegate some authority to executive officials provided an “intelligible principle” guides such transfers. Congress quickly wrote and enacted the Emergency Economic Stabilization Act of 2008 in response to a financial crisis. The law authorized the secretary of the Treasury to spend up to $700 billion purchasing troubled mortgage assets or any financial instrument in order to attain 13 different goals. Most of these goals lacked any concrete meaning, and Congress did not establish any priorities among them. As a result, Congress lost control of the implementation of the law and unconstitutionally delegated its powers to the Treasury secretary. Congress also failed in the case of EESA to meet its constitutional obligations to deliberate, to check the other branches of government, or to be accountable to the American people. The implementation of EESA showed Congress to be largely irrelevant to policymaking by the Treasury secretary. These failures of Congress indicate that the current Supreme Court doctrine validating delegation of legislative powers should be revised to protect the rule of law and separation of powers.
Topic:
Economics, Monetary Policy, and Financial Crisis
Political Geography:
United States and America

85. Democracy and Development in the Philippines: Triumphs and Challenges

Author:
Harry K. Thomas, Jr.
Publication Date:
09-2010
Content Type:
Journal Article
Institution:
Council of American Ambassadors
Abstract:
Since April of this year, I have had the honor of representing President Obama and the American people as Ambassador to the Republic of the Philippines, a major ally with whom the United States has an enduring partnership based on respect, shared values, and a desire for stability and prosperity. The Philippines is at a pivotal moment in its history. The election of Benigno S. “Noynoy” Aquino III, son of slain Senator Benigno “Ninoy” Aquino and his late widow, President Corazon C. Aquino, has brought fresh hope to the country for a better future, even in the face of enormous challenges. The United States strongly supports President Aquino's goals of peace, prosperity, and stability. To those ends, as Ambassador to the Philippines, my top priorities are raising awareness of the scourge of human trafficking in the Philippines, promoting business opportunity and investment, and deepening mutual understanding between the United States and my host country. I have also promoted investment in “green” sources of energy, not only to stimulate economic and job growth but also to protect the environment of this beautiful country and the world we share. My Embassy team and I are working vigorously to enhance our people-to-people ties through cultural and professional exchanges, the Peace Corps, and other programs that build mutual understanding so that we may expand our partnership in the spirit of mutual respect in the years ahead.
Topic:
Economics
Political Geography:
United States, America, and Philippines

86. Rebuilding America Through Exports

Author:
M. Osman Siddique
Publication Date:
09-2010
Content Type:
Journal Article
Institution:
Council of American Ambassadors
Abstract:
In his State of the Union address, President Obama noted his intention to double US exports to grow our economy out of this recession. As a businessman and former US Ambassador, I could not agree more. This speech must be a clarion call. Millions of Americans are jobless, many thousands have lost homes, and we all— Democrats and Republicans—see the future with great concern and anxiety. Wall Street is shaky and Main Street is miles from revival. Can we rise to the challenge posed by new major competitors like China, India, Russia, etc.? Yes we can, but we clearly need a major shift in our economic strategy and foreign commercial trade policy.
Topic:
Economics
Political Geography:
Russia, United States, China, America, and India

87. Bibliography of Periodical Literature : Spring 2010

Author:
Norbert Scholz
Publication Date:
03-2010
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
This section lists articles and reviews of books relevant to Palestine and the Arab-Israeli conflict. Entries are classified under the following headings: Reference and General; History (through 1948) and Geography; Palestinian Politics and Society; Jerusalem; Israeli Politics, Society, and Zionism; Arab and Middle Eastern Politics; International Relations; Law; Military; Economy, Society, and Education; Literature, Arts, and Culture; Book Reviews; and Reports Received. Reference and General `Abd al-Hay, Hana S. “Parliamentary Quotas for Women: Between International Support and Contradictory Arab Positions” [in Arabic]. MAUS, no. 23 (Sum. 09): 47–70. Abraham, Ibrahim, and Roland Boer. “'God Doesn't Care': The Contradictions of Christian Zionism.” Religion and Theology 16, nos. 1–2 (09): 90–110. Davis, Nancy J., and Robert V. Robinson. “Overcoming Movement Obstacles by the Religious Orthodoxy: The Muslim Brotherhood in Egypt, Shas in Israel, Comunione e Liberazione in Italy and the Salvation Army in the United States.” American Journal of Sociology 114, no. 5 (Mar. 09): 1302–49. Hassan, Riaz. “Interrupting a History of Tolerance: Anti-Semitism and the Arabs.” Asian Journal of Social Science 37, no. 3 (09): 453–62. Ouardani, Mohamed. “La religion peut-elle tout expliquer? L'islam comme modèle explicatif des sociétés musulmanes.” CM, no. 70 (Sum. 09): 147–64. Salem, Salah. “The Renovation of Arab Socialist Thought” [in Arabic]. ShA, no. 140 (Win. 09): 118–32. Al-Sayyadi, Mokhles. “Contemporary Islamic Movements” [in Arabic]. MA 32, no. 369 (Nov. 09): 7–27. History (through 1948) and Geography Abisaab, Malek. “Shiite Peasants and a New Nation in Colonial Lebanon: The Intifada of Bint Jubayl, 1936.” CSSAME 29, no. 3 (09): 483–501. Avci, Yasemin. “The Application of Tanzimat in the Desert: The Bedouins and the Creation of a New Town in Southern Palestine (1860–1914).” MES 45, no. 6 (Nov. 09): 969–83. Chazan, Meir. “Mapai and the Arab-Jewish Conflict, 1936–1939.” ISF 24, no. 2 (Win. 09): 28–51. Hirsch, Dafna. “'We are Here to Bring the West, Not Only to Ourselves': Zionist Occidentalism and The Discourse of Hygiene in Mandate Palestine.” IJMES 41, no. 4 (Nov. 09): 577–94. Holmila, Antero. “The Holocaust and the Birth of Israel in British, Swedish and Finnish Press Discourse, 1947–1948.” European Review of History 16, no. 2 (Apr. 09): 183–200. Hughes, Matthew. “From Law and Order to Pacification: Britain's Suppression of the Arab Revolt in Palestine, 1936–39.” JPS 39, no. 2 (Win. 2010): 6–22. Kabalo, Paula. “Challenging Disempowerment in 1948: The Role of the Jewish Third Sector during the Israeli War of Independence.” ISF 24, no. 2 (Win. 09): 3–27. ———. “The Historical Dimension: Jewish Associations in Palestine and Israel 1880s–1950s.” Journal of Civil Society 5, no. 1 (Jun. 09): 1–19. Kushner, David. “Mussaver Çöl: An Ottoman Magazine in Beersheba toward the End of World War I” [in Hebrew]. Cathedra, no. 132 (Jun. 09): 131–48. Nashif, Taysir. “Educational Background and Elite Composition: Jewish Political Leadership during the British Mandate.” ISF 24, no. 2 (Win. 09): 67–81. Sheffy, Yigal. “Chemical Warfare and the Palestine Campaign, 1916–1918.” Journal of Military History 73, no. 3 (Jul. 09): 803–44. ———. “The Jaffa–Jerusalem Railway Line, the Sejed Station, and British Military Intelligence” [in Hebrew]. Cathedra, no. 131 (Mar. 09): 163–69. Sinanoglu, Penny. “British Plans for the Partition of Palestine, 1929–1938.” Historical Journal 52, no. 1 (Mar. 09): 131–52. Palestinian Politics and Society Abdallah, Hmaidi. “The Prospect of the Intra-Palestinian Dialogue in Egypt” [in Arabic]. Dirasat Bahith 7, no. 27 (Sum. 09): 113–26. Abdallah, Taisir. “Prevalence and Predictors of Burnout among Palestinian Social Workers.” International Social Work 52, no. 2 (Mar. 09): 223–33. Abu Fakhr, Sakr, ed. “Fatah and the Palestine Liberation Organization” [in Arabic]. MDF, no. 79 (Sum. 09): 100–7. Aruri, Naseer, and Hani Fares, eds. “The Boston Declaration on the One State” [in Arabic]. MDF, no. 79 (Sum. 09): 124–26. Boulby, Marion. “On Shifting Boundaries: Islamist Women in Palestinian Politics.” BCBRL 4, no. 1 (Nov. 09): 31–32. Braverman, Irus. “Uprooting Identities: The Regulation of Olive Trees in the Occupied West Bank.” Political and Legal Anthropology Review 32, no. 2 (Nov. 09): 237–54. Brom, Shlomo, Giora Eiland, and Oded Eran. “Partial Agreements with the Palestinians.” Strategic Assessment 12, no. 3 (Nov. 09): 67–86. Clarno, Andy. “Or Does It Explode? Collecting Shells in Gaza.” Social Psychology 72, no. 2 (Jun. 09): 95–98. Dana, Seif. “Islamic Resistance in Palestine: Hamas, the Gaza War and the Future of Political Islam.” HLS 8, no. 2 (Nov. 09): 211–28. Fayyad, Salam (interview). “Salam Fayyad Presents his Project of State-Building” [in Arabic]. MDF, no. 79 (Sum. 09): 5–20. Harker, Christopher. “Spacing Palestine through the Home.” Transactions of the Institute of British Geographers 34, no. 3 (Jul. 09): 320–32. Hawatmeh, Nayef (interview). “Nayef Hawatmeh: A Comprehensive Interview” [in Arabic]. Dirasat Bahith 7, no. 27 (Sum. 09): 9–32. Ishtiya, Imad, Husni Awad, and Fakhri Dwaykat. “The Reasons behind Fatah's Decline: A Field Study” [in Arabic]. MDF, no. 79 (Sum. 09): 27–38. Jokman, Georges. “The Future of Fatah and the Two-State Solution: Power or Resistance” [in Arabic]. MDF, no. 79 (Sum. 09): 21–26. Kayyali, Majed. “The Impasse of Efforts for an Internal Palestinian Reconciliation” [in Arabic]. ShA, no. 39 (Fall 09): 14–24. Klein, Menachem. “Against the Consensus: Oppositionist Voices in Hamas.” MES 45, no. 6 (Nov. 09): 881–92. Kuruvilla, Samuel. “The Invention of History: A Century of Interplay between Theology and Politics in Palestine, Report on the International Centre of Bethlehem Conference, 23–29 August 2009.” HLS 8, no. 2 (Nov. 09): 235–38. Kurz, Anat. “The Sixth Fatah Convention: Formal Changes Only.” Strategic Assessment 12, no. 3 (Nov. 09): 51–65. Legrain, Jean-François. “Hamas et Fatah dans leur rivalité médiatique.” CM, no. 69 (Spr. 09): 75–86. Merari, Ariel, Jonathan Fighel, Boaz Ganor, et al. “Making Palestinian 'Martyrdom Operations'/'Suicide Attacks': Interviews with Would-Be Perpetrators and Organizers.” TPV 22, no. 1 (Jan. 10): 102–19. Al-Rimmawi, Hussein. “Spatial Changes in Palestine: From Colonial Project to an Apartheid System.” African and Asian Studies 8, no. 4 (09): 375–412. Salman, Talal. “In Memory of Shafiq al-Hout” [in Arabic]. MDF, no. 79 (Sum. 09): 96–99. Shikaki, Khalid. “Fatah Resurrected.” The National Interest, 104 (Nov./Dec. 09), http://www.nationalinterest.org/Article.aspx?id=22326. Taha, al-Moutawakkel. “Gaza: The War and the Culture” [in Arabic]. Dirasat Bahith 7, no. 27 (Sum. 09): 67–70. Tawil-Souri, Helga. “New Palestinian Centers: An Ethnography of the 'Checkpoint Economy'.” International Journal of Cultural Studies 12, no. 3 (May 09): 217–35. JERUSALEM Al-`Azaar, Muhammad K. “Jerusalem: 2009 Capital of Arab Culture” [in Arabic]. ShA, no. 140 (Win. 09): 104–16. Dumper, Michael. “'Two State Plus': Jerusalem and the Binationalism Debate.” JQ, no. 39 (Fall 09): 6–15. Dumper, Michael, and Craig Larkin. “UNESCO and Jerusalem: Constraints, Challenges and Opportunities.” JQ, no. 39 (Fall 09): 16–28. Frenkel, Yehoshua. “Praises of Jerusalem and Damascus” [in Hebrew]. Cathedra, no. 131 (Mar. 09): 142–46. Houk, Marian. “A New Convergence? European and American Positions on Jerusalem.” JQ, no. 38 (Fall 09): 88–96. Ju`ba, Nazmi. “Jerusalem: Between Land Settlements and Excavations” [in Arabic]. MDF, no. 79 (Sum. 09): 39–54. Khamaisi, Rassem. “Israel's Policy in Old Jerusalem: The Creeping Domination and Urbanization” [in Arabic]. Idafat, no. 8 (Fall 09): 121–44. Makhoul, Amir. “The Status of Jerusalem in the Palestinian Cause” [in Arabic]. ShA, no. 140 (Win. 09): 92–103. Pullan, Wendy. “The Space of Contested Jerusalem.” JQ, no. 39 (Fall 09): 39–50.
Topic:
Economics and Politics
Political Geography:
America, Israel, Palestine, and Arabia

88. From the Editor

Author:
Craig Biddle
Publication Date:
10-2010
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
Welcome to the Fall 2010 issue of TOS—and a special welcome to our new Canadian readers who, with this issue, are discovering the Standard via newsstands in Canada's largest bookstore chain, Chapters/Indigo. We are excited to add our northern neighbors to the list of countries we infiltrate with principled discussion of the moral and philosophical foundations of freedom.
Topic:
Economics and Islam
Political Geography:
America and Canada

89. An Interview with John Allison about Pro-Capitalism Programs in American Universities

Publication Date:
10-2010
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
I recently spoke with Professor John Allison about his efforts and successes in creating pro-capitalist programs in American universities. Professor Allison was the CEO of BB for twenty years, during which time the company's assets grew from $4.5 billion to $152 billion. He now teaches at Wake Forest University. —Craig Biddle Craig Biddle: Hello, John, and thank you for joining me. John Allison: It is a pleasure to be with you. Photo courtesy Wake Forest University CB: Let me begin with a couple of questions about your work at Wake Forest. I understand that you joined the faculty in March 2009 as a Distinguished Professor of Practice—a fitting title given your decades of applying philosophy to business. What has your work at the university entailed so far? And how have your ideas been received? JA: I've primarily been involved in teaching leadership both to students and to some of the administrators in the university. I taught a course on leadership last fall, and I've been participating in various courses taught by other professors on finance, mergers and acquisitions, and organizational development. But my focus is on leadership. My ideas have been well received. The students take great interest in talking to someone who has been in the real world and been successful in business. I think they appreciate that perspective. CB: Through the BB Charitable Foundation, you've established programs for the study of capitalism at a number of American universities. How many of these programs are there now? What unifies them? And what generally do they entail? JA: BB has sponsored sixty-five programs to date, and they're all focused on the moral foundations of capitalism. While many people recognize that capitalism produces a higher standard of living, most people also believe that capitalism is either amoral or immoral. Our academic question is: How can an immoral system produce a better outcome? We believe that capitalism is moral and that this is why it is so successful. We think it is critically important that we not only win the battle over economic efficiency, but that we engage in and win the debate over ethics as well.
Topic:
Economics
Political Geography:
America

90. Fiscal Policy Report Card on America's Governors: 2010

Author:
Chris Edwards
Publication Date:
09-2010
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
State governments have had to make tough budget choices in recent years. Tax revenues have stagnated as a result of the poor economy, and that has prompted governors to take a variety of fiscal actions to close large budget gaps. Some governors have cut spending to balance their budgets, while others have pursued large tax increases.
Topic:
Economics, Government, Markets, and Monetary Policy
Political Geography:
America