As many of you know, I follow news about income inequality very carefully, since I believe that it is one of the major consequences of globalization. The Economist ran a great article on income inequality with some hard data that is quite revealing. The more the process continues, the more I fear the problem of underconsumption. Somehow the world has to figure out a way to stimulate demand.
Exactly fifty years ago today, the Cuban missile crisis began–an episode that brought the world close to nuclear war. Foreign Policy has a great blog post that is filled with links for those you who wish to learn more about the crisis. Much of what we thought we knew about the crisis has turned out to be either wrong or incomplete. I suspect that there is much more yet to learn.
World Politics News 
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