The most insidious tactic of COVID-19 is to get a person’s body to attack itself. In the worst cases, the body’s autoimmune system essentially goes haywire as it tries to fight off infection. This “cytokine storm” can lead to serious inflammation in the lungs and ultimately to major organ failure. COVID-19 seems to have had a similar… Continue reading Will the EU Survive the Coronavirus?
All eyes are focused these days on Boris Johnson, the new prime minister of the United Kingdom. But that’s not the most important news this month out of Britain. The Labor Party has finally come around to opposing the country’s exit from the European Union, though it’s possibly a case of “too little, too late.” The party… Continue reading Boris Johnson and the New Battle of Britain
Donald Trump is the epitome of irrational exuberance. You might remember that phrase from the 1990s. Alan Greenspan, the head of the Federal Reserve at the time, was describing how the tech boom was creating a bubble by generating enthusiasm way out of proportion to the actual value of the new companies. Such an unwarranted… Continue reading There’s a New Crash Coming
The future of Europe is being decided this week in the Netherlands. Perhaps you thought that the European Union’s fate would be voted up or down in June, when the United Kingdom holds its referendum on continued membership. The “leave now” constituency in the UK currently holds a four-point lead, though much depends on whether… Continue reading Ukraine and Europe: Much Depends on the Dutch
We were nearing the end of dinner when the eminent personage leaned in my direction and began yelling at me. Up to that point, the argument among the five of us at the end of the long table at the restaurant had been heated but at a conversational volume. The fact that we were arguing… Continue reading The Kremlin’s Kool-Aid
Greek voters have decisively repudiated the economics of austerity by handing an overwhelming victory to the left-wing party Syriza in their recent parliamentary elections. This was not a big surprise. Greece has been suffering from high levels of unemployment, including a rate higher than 50 percent for young people. The standard of living for much… Continue reading Greece and the Unlearned Lesson of 1990
Europe won the Cold War. Not long after the Berlin Wall fell a quarter of a century ago, the Soviet Union collapsed, the United States squandered its peace dividend in an attempt to maintain global dominance, and Europe quietly became more prosperous, more integrated, and more of a player in international affairs. Between 1989 and… Continue reading The Collapse of Europe?