Those of us who have been listening to the rhetoric of the US Presidential debate know that taxes have been a central theme. The Economist published a great graphic that puts the American tax situation in context.

Ragu Rajan is a prominent economist who has published a very important book on the financial crisis of 2007-08. In this essay he questions one of the central assumptions of liberalism: that market capitalism and democracy are compatible in a single framework.
There was an election in the West Bank and Fatah won the elections (as expected). However, the turnout for the election as very low suggesting that people were hardly enthusiastic about their choices. This lack of faith signals a serious problem for Fatah as it faces serious Hamas, as well as even more radical Palestinian factions.
Leave a comment