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The Coming Age of Austerity

“Are the good times really over for good?” asked Merle Haggard in his 1982 lament. Then, the good times weren’t over. In fact, they were coming back, with the Reagan recovery, the renewal of the American spirit and the end of a Cold War that had consumed so much of …

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Last Hurrah of Nixon’s ‘New Majority’?

Looking back all the way to America’s Civil War, there have been three dominant presidential coalitions. The first was Abraham Lincoln’s. With his war to restore the Union and his martyrdom, Lincoln inaugurated an era of Republican dominance that lasted more than seven decades and saw only two Democratic presidents: …

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Casino Capitalists Playing With Fire

Comes now news from across the pond that executives at one of the world’s most respected banks, Barclays, rigged Libor. Even the venerable Bank of England is apparently being investigated. For sports fans, this is like fixing the Super Bowl or doping a horse in the Derby. But it is …

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Rating and Ranking Our Presidents

In 1948, Arthur Schlesinger Sr. wrote for Life magazine a controversial article on a subject that has been the cause of spirited and acrimonious debate ever since. He listed the consensus of our academic elite as to which American presidents had been Great, Near Great, Average, Below Average and Failures. …

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Did FDR Provoke Pearl Harbor?

On Dec. 8, 1941, Franklin Roosevelt took the rostrum before a joint session of Congress to ask for a declaration of war on Japan. A day earlier, at dawn, carrier-based Japanese aircraft had launched a sneak attack devastating the U.S. battle fleet at Pearl Harbor. Said ex-President Herbert Hoover, Republican …

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