Robert Solow reviews How Markets Fail: The Logic of Economic Calamities by John Cassidy. A review of The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future by Robert Barbera. From Soundings, a series of papers on the credit crunch. From TAP, a review essay on the financial crisis. A look at how the Fed's approach to regulation left banks exposed to crisis. The Big Bank Theory: Dean Baker on how government helps financial giants get richer. An excerpt from Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable by Mark Gilbert. What caused the economic crisis? Jacob Weisberg on the 15 best explanations for the Great Recession. Jeremy Bernstein on Paul Samuelson and the obscure origins of the financial crisis. From Vanity Fair, one of the biggest disconnects on Wall Street today is between the way Goldman Sachs sees itself (they’re the smartest) and the way everyone else sees Goldman (they’re the smartest, greediest, and most dangerous). When greed is not good: Wall Street has quickly rediscovered the virtues of mammoth paychecks — why hasn't there been more financial reform? Why are we letting Wall Street off so easy? Joseph Stiglitz wants to know. Taking care of Wall Street: An interview with Congresswoman Marcy Kaptur. Thank you, Wall Street, may we have another? Americans are angry at the financial crisis — just not at the fat cats who caused it. Bring back Glass-Steagall: Banks that behave like hedge funds don't deserve guarantees. Trust no bankers: The financial industry has always been wrong about the dangers of regulation.
A new issue of City & Time is out. A review of Another City: Urban Life and Urban Spaces in the New American Republic by Dell Upton. Why cities matter: A review of Chicago: A Biography by Dominic Pacyga. The ruse of the creative class: Cities that shelled out big bucks to learn Richard Florida's prescription for vibrant urbanism are now hearing they may be beyond help. Squatters take on the creative class: Who has the right to shape the city? Forced out of the areas they occupy, the involuntary subjects of urban gentrification confront a double challenge: the need for housing, and the need to radicalise campaigns beyond the parliamentary liberalism of rights discourse. World class carelessness: A review of Evil Paradises: Dreamworlds of Neoliberalism. Learning from Tijuana: An interview with Teddy Cruz on the graveyards of corporate architecture and informal settlements of Latin America. Vancouver imposes notions of sustainability in its decisions on what, where and how to build — still, it's not quite the utopia (and more). Where do architectural wonders, coat hanger abortions, virtual slave labor, and a modern underground railroad meet? (and part 2) City diplomacy: An article on global governance beyond the state. Here are 12 unrecognizable before and after views of cities. An article on on the uncanny beauty of Peter Zumthor’s out-of-the-way buildings. Clay Risen reviews The Secret Lives of Buildings: From the Parthenon to the Vegas Strip in Thirteen Stories by Edward Hollis (and more and more and more and more and more). An article on Boston's Hancock Tower, the skyscraper that ate a billion dollars.
Timothy M. Christensen (Muskingum): “A Dark and Hidden Thing”: Evelyn Waugh, Cannibalism, and the Problem of African Christianity. On the evolution of skateboarding in New York City — skating is everywhere. From 3:AM, an interview with Bogdana Koljevic on Serbia and Europe, philosophy and poetry. From New Internationalist, a special issue on counterterorrism's rise. From Nerve, here are ten good reasons to hate Oprah. An interview with Jason Bitner, author of Cassette From My Ex: Stories and Soundtracks of Lost Loves. From Reason, why is Washington spending so much on the military? From Cultura, Frederic Will on saving time and paying for the world; and what do I remember when I remember that my wife said to get milk on the way home? The funny thing about nappies is the cute cartoon animals on them — who is that for? The Goldwater Anomaly: An excerpt from Why American History Is Not What They Say: An Introduction to Revisionism by Jeff Riggenbach. In recent years, American ideas about psychiatric disorders have spread around the globe; is that really good for the world’s mental health? (and more) The erasure of boundaries: The Root’s editor-in-chief, Henry Louis Gates Jr., looks back at the first decade of the first century of the new millennium. How Rome got it wrong: A failed empire offers lessons for modern times. Here are 11 things you didn't know about pinball history. Justin Fox visits Ron Paul's Fed-free utopia. Along with helping people reconnect with old flames, childhood friends and even long-lost relatives, the Internet is giving rise to a newer phenomenon: the decades-late apology.
From Psychology Today, an article on suicide bombers and Islamic shtick; a look at what connects the Christmas airline bomber with the Fort Hood shooter (and more); and the unconscious psychology of terrorists: What makes someone psychologically susceptible to recruitment by Al-Qaeda? Amid the hysteria, a look at what al-Qaeda can't do. The Butt Bomb: Michael Crowley on Al Qaeda's hidden weapon. Timothy Noah on why the recommendations of the 9/11 commission wouldn't have stopped the underpants bomber. Undressing the terror threat: Running the numbers on the conflict with terrorists suggests that the rules of the game should change. Al Qaeda and the Taliban are at odds, yet it is only growing more difficult to defeat the global jihad. A recent surge of homegrown terrorist plots has renewed interest in designing a U.S. counter-radicalization program; here are 10 lessons that the US should keep in mind. Jessica Stern on 5 myths about who becomes a terrorist. Peter Beinart on why profiling will never work. Matthew Yglesias on the real reason profiling fails: We have more Muslims who want to cooperate with us than who want to bomb us. Obama promised to improve our intelligence system, but how good can it get? We have 16 separate intelligence agencies — no wonder people aren't connecting the dots. One of the biggest challenges for American intelligence? The way the brain works. America's terrorism amnesia: Why do our politicians and press react to every terrorist incident as though it was happening for the very first time? (and more and more and more) Bruce Schneier on stopping the panic on air security.