Posted by: anotherworldip | 11/26/2012

P-S

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Dear Project Syndicate reader,
Welcome to the November 2012 newsletter, bringing you the latest news from Project Syndicateand a selection of key commentaries from the past month. This month, we are pleased to present a new Focal Point, featuring reflections on the US presidential election and looking ahead to President Barack Obama’s second term. To keep up-to-date with all of our content, visit our Web site regularly, and follow us on Facebook and Twitter. Thank you for your continued support.

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Four More Years for Obama

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Last week, US voters handed incumbent President Barack Obama a decisive victory over Republican challenger Mitt Romney. In a new Focal PointProject Syndicatecontributors consider what the election results reveal about the US political system and what the next four years hold for America’s sluggish economic recovery and fragile geopolitical environment. Commentaries include:

Robert Shiller on Obama’s pragmatic approach to economic policy

Christopher R. Hill on US foreign policy in Obama’s second term

Peter Singer on the presidential election’s ethical shortcomings

To read the full Focal Point, click here.

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Most Recent Commentaries

Rajan

Is Finance Too Competitive?

by Raghuram Rajan

NEW DELHI – Many economists are advocating for regulation that would make banking “boring” and uncompetitive once again. After a crisis, it is not uncommon to hear calls to limit competition. During the Great Depression, the head of the United States National Recovery Administration argued that employers were being forced to lay off workers as a result of “the murderous doctrine of savage and wolfish competition, [of] dog-eat-dog and devil take the hindmost.” He appealed for a more collusive business environment, with the profits made from consumers to be shared between employers and workers.

Concerns about the deleterious effects of competition have always existed, even among those who are not persuaded that government diktat can replace markets, or that intrinsic human goodness is a more powerful motivator than monetary reward and punishment. Where the debate has been most heated, however, concerns the effects of competition on incentives to innovate…read more.

lochbihler, barbara

Drone Wars

by Barbara Lochbihler

BRUSSELS – “Sometime they’ll give a war and nobody will come,” the American poet Carl Sandburg wrote hopefully in 1936. His sentiment seems more apt than ever nowadays, but not because humanity has turned pacifistic. Rather, wars are increasingly fought remotely, with drones – or unmanned aerial vehicles (UAVs) – doing the killing.

Under President Barack Obama, the number of drone strikes carried out by the United States has soared, with more than 300 UAV attacks reported in Pakistan alone. In March 2011, the US Air Force for the first time trained more pilots for drones than for any other purpose…read more.

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Other Recent Commentaries

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October’s Most Popular Commentaries

“Monetary Mystification” by Joseph E. Stiglitz

“Hard to be Easing” by Nouriel Roubini

“King Ludd is Still Dead” by Kenneth Rogoff

“Why is Obama Winning?” by Harold James

“Macro Malpractice” by Stephen S. Roach


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