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31. Barack Obama and the Arab-Israeli Conflict

Publication Date:
01-2009
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
This section is intended to give readers an overview of President-elect Barack Obama's positions on the Middle East peace process as he begins his tenure. The baseline for gauging Obama's views may be his failed 2000 race for Congress. At that time he made statements viewed as pro-Palestinian because they urged the United States to take an "even-handed approach" toward Israeli-Palestinian peace-making. As an Illinois state senator, Obama had cultivated ties with Chicago's Arab American community, which was partly concentrated in his state senate district. He won a U.S. Senate seat in 2004 with significant support from Chicago's Lakeside liberals, who included leading Chicago Jewish Democrats. His position on the Arab-Israeli conflict remained an issue during the 2008 presidential race, however, and Obama made a point of laying out his positions at several points during the campaign, in contrast to his Republican challenger Sen. John McCain, who did not detail his positions.
Topic:
Security and Government
Political Geography:
United States, America, Middle East, Arabia, and Chicago

32. An Interview with a "Capitalist Pig" Jonathan Hoenig on Hedge Funds, the Economic Crisis, and the Future of America

Publication Date:
06-2009
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
I recently spoke with Jonathan Hoenig, manager of the Capitalistpig Hedge Fund and regular contributor to Fox News Channel's Cashin' In, Your World with Neil Cavuto, and Red Eye with Greg Gutfeld. Mr. Hoenig is also a columnist for Smartmoney.com and contributes economic commentary to WLS 890AM in Chicago. -Craig Biddle Craig Biddle: I must ask at the outset, why did you name your firm "Capitalistpig"? Is there a story behind that? Jonathan Hoenig: Yes, there is. From weeding yards as a young boy to working at Starbucks in high school, I have always been interested in money and actively hustling for dollars. Getting an "A" in school didn't mean much to me, but earning a few hundred dollars working in a local warehouse or passing out samples of Nutella (another summer job) always provided a tremendous sense of accomplishment and pride. One of my earliest memories is going with my dad to our local bank and opening my first passbook savings account. Even then, it was a real thrill to watch the balance slowly build. As a kid, while many of my contemporaries were either bullying (or being bullied), I was busy discovering the virtue of mutually beneficial exchange. My neighbor appreciated me cleaning out her basement, and, for a few bucks, I was more than happy to do an excellent job. Ever since I can remember, capitalism wasn't something I spurned, but embraced. Knowing I wanted to pursue a career in the financial markets, after college I traded futures at the Chicago Board of Trade for a few years before opening up my firm in 2000. The name Capitalistpig Asset Management was a punchy way of communicating the philosophy by which my operation is run. We also give all new clients a copy of [Ayn Rand's] Atlas Shrugged. The name Capitalistpig also helps to attract the right type of customer. I prefer to work with like-minded individuals who support capitalism and individual rights and are happy to be part of an operation that loudly promotes these ideals. CB: What exactly is a hedge fund? How is it different from a mutual fund? And what do you and other hedge fund managers do? JH: A hedge fund is simply a pool of money funded by profit-seeking investors and managed by a professional money manager. In that sense, it is similar to a mutual fund. But unlike a mutual fund, a hedge fund is not required to register with the Securities and Exchange Commission. This doesn't mean hedge funds are unregulated; far from it. The government places stringent restrictions on how hedge funds can operate. Most notably, we're prohibited from accepting investments from "nonaccredited" individuals-meaning, those who don't have a liquid net worth of at least $1 million or haven't earned an income of at least $200,000 for two consecutive years. This, incidentally, is the source of the notoriously "exclusive" and "elitist" nature of hedge funds: They're exclusive and elitist not by choice, but by government edict. While most people assume that hedge funds trade frequently and make big bets on financial esoterica, the truth is a hedge fund is a legal structure, not an investment technique. Some trade frequently and use leverage, others buy and hold stocks for months or years at a time. So while the media routinely characterize hedge funds as "risky" or "highly leveraged," the reality is that hedge-fund strategies, just like mutual-fund strategies, run the gamut from the ultraconservative to the highly volatile. Some managers employ complex spread trades, while others simply buy and sell stocks. Just knowing someone runs a hedge fund tells you absolutely nothing about how it's run. What matters are the strategies, positions, and discipline that the manager uses to maximize the money. My fund is focused on absolute return, ideally earning a profit regardless of the condition of the stock market or larger macroeconomic environment. To accomplish this, I use strategies such as selling short, trading options, commodities, currencies, and other instruments, some of which aren't directly correlated with the stock market. My fund functions as one part of an individual's portfolio, usually no more than 25 percent, and it has been profitable eight out of nine years, earning a total return of over 345 percent. The Dow Jones has lost 28 percent over the same period. CB: Hedge funds and their managers have been loudly and repeatedly condemned for having somehow caused or exacerbated the current financial crisis. Did hedge funds lead to or worsen the crisis? If so, how? If not, what do you make of such claims? JH: Such accusations are absurd. Hedge-fund managers have neither caused nor exacerbated the financial crisis, and they couldn't have done so even if they had tried. These managers simply invest money for their clients. If they make good investments, their clients make money; if they make bad investments, their clients lose money. Moreover, hedge funds-one of the few financial industries that has not asked for and will not receive a bailout-actually helped shoulder the burden of the credit collapse. In buying and selling risky mortgages, loans, and other instruments, hedge funds substantially mitigated the crisis by adding liquidity to the marketplace and facilitating trade. Wealth creation requires investment, and the savings needed in order to make loans, finance operations, start new companies, and invest in R come from investors, such as hedge-fund managers, who are seeking to profit. Far from fueling the financial crisis, hedge-fund managers reduced its severity, and continue to do so, by allocating capital in accordance with the principles of economics, long-range thinking, the profit motive, and market demand.
Topic:
Economics
Political Geography:
America and Chicago

33. Youth and Civic Engagement in the Americas Preliminary Findings From a Three-City Study: Rio De Janeiro, Chicago, and Mexico City

Author:
Irene Rizzini, María de Los Angeles Torres, and Norma Alicia Del Río Lugo
Publication Date:
05-2009
Content Type:
Working Paper
Institution:
Kellogg Institute for International Studies
Abstract:
This paper examines how civically engaged youth in three different cities and countries in the Americas became engaged in civic activity. The usual concern about youth is their lack of involvement. However, the authors have learned from their work in Rio de Janeiro, Chicago, and Mexico City that there are youth in each of these cities who care deeply about their communities and are active in diverse organizations and projects. This paper is part of a broader study that examines youth who are significantly engaged in civic activity. In this paper, the authors will focus particularly on the youths' initial process of engagement and what motivated them to get involved.
Topic:
Civil Society and Youth Culture
Political Geography:
America, Latin America, Mexico, and Chicago

34. Los Angeles' Preparedness for Terrorism

Author:
Clark Kent Ervin
Publication Date:
09-2009
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
This is the second in a series of reports about various cities' pre-paredness for terrorism and/or natural disasters. It is the outgrowth of a series of roundtable discussions in 2007 and 2008 in New York, Chicago, Houston, New Orleans, and Los Angeles among key federal, state, and local government officials in each such city, as well as private sector stakeholders, and think tank/academic experts on homeland security and counterterrorism. The series was financed by a generous lead grant by the Ford Foundation, supplemented by additional grants from the Rockefeller Foundation, the McCormick Foundation, and the Houston Endowment. The goal in each city was to identify best practices that can be replicated around the country; to identify any gaps in preparedness; and to recommend to policymakers ways and means of closing any such gaps.
Topic:
Security, Terrorism, and Counterinsurgency
Political Geography:
United States, New York, and Chicago

35. Cohen and Katz: Palestinian Arab Music: A Maqam Tradition in Practice

Author:
Kathleen Hood
Publication Date:
09-2009
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
Palestinian Arab Music: A Maqam Tradition in Practice, by Dalia Cohen and Ruth Katz. Chicago and London: University of Chicago Press, 2006. xi + 334 pages. Appendices to p. 484. Notes to p. 500. Bibliography to p. 508. Index to p. 518. $134.00 cloth; $65.00 paper. Kathleen Hood received her PhD in ethnomusicology from the University of California, Los Angeles, specializing in the music of the Near East, and is the author of Music in Druze Life: Ritual, Values, and Performance Practice (Druze Heritage Foundation, 2007).
Political Geography:
California, Arabia, and Chicago

36. Doumani: Academic Freedom after September 11; and Hagopian: Civil Rights in Peril: The Targeting of Arabs and Muslims

Author:
Laurie King
Publication Date:
10-2008
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
Doumani: Academic Freedom after September 11; and Hagopian: Civil Rights in Peril: The Targeting of Arabs and MuslimsReviewed by Laurie KingJournal of Palestine Studies, Vol. 38, no. 1 (Autumn 2008), p. 86Recent Books Academic Freedom after September 11, edited by Beshara Doumani. New York: Zone Books, 2006 (Distributed by MIT Press). 268 pages. Appendix to p. 314. Bibliography to p. 325. Notes on contributors to p. 327. $42.00 cloth; $21.95 paper. Civil Rights in Peril: The Targeting of Arabs and Muslims, edited by Elaine C. Hagopian. Chicago: Haymarket Books and London: Pluto Press, 2004. xi + 238 pages. Notes to p. 308. Index to page 319. Contributors to p. 322. $22.95 paper.
Political Geography:
New York, London, Chicago, and Idaho

37. Nudge: Improving Decisions About Health, Wealth, and Happiness

Author:
Eric Daniels
Publication Date:
09-2008
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
One of the distinguishing features of American life is the large degree of freedom we have in making choices about our lives. When choosing our diets, we have the freedom to choose everything from subsisting exclusively on junk food to consuming meticulously planned portions of fat, protein, and carbohydrate. When choosing how to conduct ourselves financially, we have the freedom to choose everything from a highly leveraged lifestyle of debt to a modest save-for-a-rainy-day approach. In every area of life, from health care to education to personal relationships, we are free to make countless decisions that affect our long-term happiness and prosperity-or lack thereof. According to Richard Thaler and Cass Sunstein, professors at the University of Chicago and authors of Nudge: Improving Decisions About Health, Wealth, and Happiness, this freedom and range of options is problematic. The problem, they say, is that most people, when given the opportunity, make bad choices; although Americans naturally want to do what is best for themselves, human fallibility often prevents them from knowing just what that is. "Most of us are busy, our lives are complicated, and we can't spend all our time thinking and analyzing everything" (p. 22). Average Americans, say Thaler and Sunstein, tend to favor the status quo, fall victim to temptation, use mental shortcuts, lack self-control, and follow the herd; as a result, they eat too much junk food, save too little, make bad investments, and buy faddish but useless products. Many Americans, according to the authors, are more like Homer Simpson (impulsive and easily fooled) than homo economicus (cool, calculating, and rational). "One of our major goals in this book," they note, "is to see how the world might be made easier, or safer, for the Homers among us" (p. 22). The particular areas where these Homers need the most help are those in which choices "have delayed effects . . . [are] difficult, infrequent, and offer poor feedback, and those for which the relation between choice and experience is ambiguous" (pp. 77-78).The central theme of Nudge is the idea that government and the private sector can improve people's choices by manipulating the "choice architecture" they face. As Thaler and Sunstein explain, people's choices are often shaped by the way in which alternatives are presented. If a doctor explains to his patient that a proposed medical procedure results in success in 90 percent of cases, that patient will often make a different decision from the one he would have made if the doctor had told him that one in ten patients dies from the procedure. Free markets, the authors argue, too often cater to and exploit people's tendencies to make less than rational choices. Faced with choices about extended warranties or health care plans or investing in one's education, only the most exceptional and rational people will make the "correct" choices. Most people, the authors argue, cannot avoid the common foibles of bad thinking; thus we ought to adopt a better way of framing and structuring choices so that people will be more likely to make better decisions and thereby do better for themselves. Hence the title: By presenting information in a specific way, "choice architects" can "nudge" the chooser in the "right" direction, even while maintaining his "freedom of choice."
Topic:
Health
Political Geography:
America and Chicago

38. Secrets and Lies: The Persecution of Muhammad Salah (Part I)

Author:
Michael E. Deutsch and Erica Thompson
Publication Date:
06-2008
Content Type:
Journal Article
Journal:
Journal of Palestine Studies
Institution:
Institute for Palestine Studies
Abstract:
The case of Muhammad Salah, a Palestinian-American grocer and Chicago resident, is the longest-running terrorism case in the United States. He was brought to trial on terrorism-funding charges in October 2006 after a thirteen-year saga that began with his January 1993 arrest in Israel as the "world commander of Hamas" and that continued in the United States following his release from Israeli prison in late 1997. Though acquitted of all terrorism-related charges by a U.S. federal jury in Chicago in February 2007, Salah was convicted on a single count of obstruction of justice. In this exclusive report for JPS, Salah's lawyers recount the unfolding of this landmark and labyrinthine case, analyzing its legal underpinnings and implications. His prosecution served to advance new standards governing the admissibility of coerced confessions at trial and the use of secret evidence, while at the same time establishing new procedures for preventing the cross-examination of key witnesses and closing the courtroom to the press and public during crucial testimony. Even before his U.S. trial, his taped confession extracted under Shin Bet torture served as the linchpin of the U.S. government's investigation and prosecution of persons it suspected of providing material support for Palestinian resistance to Israeli occupation. More broadly, the years covered by the case show the erosion of the rule of law in the United States, as well as the melding of the discourses, strategies, tactics, and aims of U.S. and Israeli law enforcement and intelligence bodies long before the post-9/11 launch of the "global war on terror." Part I of this two-part account lays the ground for the 2006-7 Chicago trial, covering the period of Salah's arrest, interrogation, and imprisonment in Israel and the investigations and legal proceedings against him upon his return. Part II will focus on the crafting of the case by the Justice Department under Pres. George W. Bush and the trial itself.
Topic:
Terrorism and War
Political Geography:
United States, Israel, and Chicago

39. Book Review: A Turn to Empire: The Rise of Imperial Liberalism in Britain and France

Author:
Jennifer Pitts
Publication Date:
06-2007
Content Type:
Journal Article
Abstract:
A Turn to Empire contributes to a project among liberals in recent years to dust off liberalism's historical complexities. In an elegant, impressively documented, and rigorously argued narrative, Jennifer Pitts asserts that imperialism was not essential to the liberal project, as is so often alleged by its critics, most recently and systematically by Uday Singh Mehta in his important study Liberalism and Empire (University of Chicago Press, 1999).
Political Geography:
Britain, France, and Chicago

40. Prosecuting Terrorism Supporters: Lessons from a Recent Verdict

Author:
Matt Levitt
Publication Date:
02-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On February 1, after fourteen days of deliberation, a Chicago jury acquitted Muhammad Salah and Abdulhalim Ashqar of charges that they were involved in a racketeering conspiracy by financing and supporting Hamas terrorist activities in the late 1980s and early 1990s. The two were accused of laundering funds, facilitating communications, and providing recruits for Hamas, but were convicted only on minor charges of obstruction of justice and, in Ashqar's case, criminal contempt. Like the 2005 prosecution of Sami al-Arian and several other Palestinian Islamic Jihad supporters in Tampa, Florida (where the jury acquitted the defendants of most charges and deadlocked on others), the case highlights the difficulty of prosecuting individuals for providing support to terrorist groups under the cover of humanitarian or political activity.
Topic:
Economics, Government, International Law, and Terrorism
Political Geography:
Palestine and Chicago