Founding Fathers and The Character of States

The influence of the Founding Fathers does not wane with time. On the very contrary: the mold that they have forged for their successors tends to rigidify and be sanctified. It is buttressed by an appropriate ethos, code of conduct, and set of values. Subsequent and massive waves of immigrants conform with these norms and adapt themselves to local traditions, lores, and mores.

European Banks Threatened by Identity Theft

How can Europe’s banks defend themselves?

The Pros and Cons of Corruption

Awareness to corruption and graft is growing – though it mostly results in lip service.

Is Energy Security Desirable?

The uncertainty incumbent in phenomena such “peak oil”, or in the preponderance of hydrocarbon fuels in failed states fosters innovation.

Facts and Fictions in the Securities Industry

Stocks are shares are merely options (gambles) on the three cash flows enumerated above. Their prices wax and wane in accordance with expectations regarding the future net present values of these flows. Once the music stops, they are worth little.

The Role of Governments in Global Crises

In most countries of the world, there is no entrepreneurial and thriving private sector and the economy is at the mercy of external shocks and fickle business cycles.

What Really Happened on September 11?

I turned to the international affairs editor of a major Danish paper and told her “This could not have been done by al-Qaida.” I am an Israeli and, as such, I have a fair “sixth sense” as to the capabilities of terrorists and their potential reach.

Maritime Piracy- Treasure Island Revisited

On July 8, 2002 seven pirates, armed with long knives attacked an officer of a cargo ship berthed in Chittagong port in Bangladesh, snatched his gold chain and watch and dislocated his arm. This was the third such attack since the ship dropped anchor in this minacious port.

The Economics of Expectations

Instead of buying and selling assets one way (as tangibles) or the other (as symbols) – we increasingly trade in expectations (in other words, we transfer risks).

A Taxonomy of Political Conflict In Central and Eastern Europe

Transition is a messy affair even in the best of times and the 1990s in Central and Eastern European (CEE) history have been by far the worst in the last 50 or so years. Politics mirrored this age of mayhem and upheaval.