Carmen Reinhart and Kenneth Rogoff have responded to some of the criticisms they have received since three University of Massachusetts economists noted some errors and discrepancies in their research on the relationship between debt and economic growth. The response in in the form of an op-ed piece in the New York Times. As such, it is not a full-fledged defense of their work, but an effort to set the terms of the debate over their findings. It is an intelligent defense, but one that does not really respond to the overall thrust of the criticisms. But it is an effective opening statement. In other op-ed piece, Paul Krugman looks at the political reasons why austerity seems to be such a popular policy choice and offers some interesting observations about the role of ideology and interest.
Evidence is still accumulating that chemical weapons were used in Syria. The evidence is still far from conclusive, nor is there any solid evidence as to who used those weapons. Nonetheless, given President Obama’s statement concerning the use of such weapons in Syria (he called it a red line), he now runs the risk of having his bluff called. However, we need to remember that action against chemical weapons does not necessarily equate with a humanitarian mission. There are a variety of ways that the US could honor its hegemonic responsibilities with respect to chemical weapons, while at the same time avoiding its hegemonic responsibilities to the Responsibility to Protect.
Protests in Spain are increasing in frequency as unemployment rises. French unemployment continues to rise to very high levels, closing in on previous records. Now that the emphasis on austerity programs is easing up, it may be the time for these governments to initiate stimulus programs. But this summer is likely to be a difficult one for European society,
World Politics News 
Leave a comment