In late July, European Central Bank (ECB) President Mario Draghi, speaking off the cuff in London, pledged to do “whatever it takes” to save the Euro, including massive intervention in bond markets to keep speculators from extending the Greek disease to Spain and Italy, where interest rates were ominously rising. This impressed money markets for a few days—until investors realized that Draghi’s commitment came with big strings. Strapped countries benefitting from these purchases would first have to double down on austerity. No thanks, said the leaders of Spain and Italy.
When I first read that the Democratic platform said nothing about Jerusalem, I was quite impressed. Quietly, by omission, the party had brought a moment of honesty to the fantasy-ridden American political discussion about Israel.
I know you have a lot on your mind. It's been less than three months since you won Egypt's first democratic election for president as the Muslim Brotherhood's second-choice candidate. Activists who overthrew the old regime could yet rise against you if you convince them that you stole their revolution. Millions of hungry Egyptians are waiting for you to rebuild the economy—a job made harder because the army controls so much of it.
As predicted, when the Democratic National Convention rolled out its platform today, we learned that one of the planks calls for marriage equality, along with a call for federal protection from being fired for being gay, lesbian, bisexual, or transgender. The marriage-equality plank signals a significant shift in the Democratic Party, a decision to work on behalf of me and my gal, for which I am deeply grateful.
So it’s the last week of the summer, and you’re one of the few in the office who hasn’t escaped for vacation, and the Republicans are failing their God-given duty to offer you some entertainment while you wait for things to speed up again? Some nerve they have! Here are some things to read, and not to read, while we wait for the balloons to start dropping.
Oh, what excitement we’re having for a slow August! (One of my editors, frustrated that no one would return his calls, once called these two weeks “the dead of summer.”) First we learned that Representative Todd Akin believes women have magical powers to repel a rapist's sperm from our uteri—and the underlying ideas that, as Lindsay Beyerstein yesterday delineated so crisply, "forcible rape is the only real rape" and "women habitually lie about rape," which she notes are two sides of the same coin.
If you’ve been following the news, chances are you have heard of “sequestration” by now. Everyone in national security—from the Pentagon to Congress to industry to the think tanks—seems to agree that the spending cuts would be a menace that deserves to be squelched. But is it?
It has been a long time since Europe has featured so prominently in an American presidential race. Republicans, in particular, have seen the crisis plaguing the Eurozone as an opportunity to attack president Obama, who—they claim—is leading America away from its core values and towards the sickly collectivism prevalent in the European Union. Mitt Romney, in one of those hilarious-but-horrifying Republican debates last September, spoke of a president “taking his inspiration […] from the socialist democrats in Europe," before pointing out that he, in contrast, believed in America.
It may be the peak of vacation season in Europe, but the continent’s fiscal crisis has not taken a break. Last week, Wolfgang Schäuble, the powerful German finance minister, took time out from his holiday to have a sit-down with his American counterpart, Tim Geithner, in the North Sea island of Sylt. The last-minute meeting was organized at Geithner’s request. Less than a hundred days from the U.S. presidential election, it highlighted—as if more evidence were necessary—the Obama administration’s concern about how developments in the Eurozone could affect the vote come November 6.
U.S. Women's National Soccer Team striker Abby Wambach (Twitter/@AbbyWambach)
Athleticism in women has generated social unease going back at least as far as the Greek myth of Atalanta, the princess who refused to marry a man who couldn’t beat her in a footrace and was finally conquered by a “hero” who beats her by cheating. Women in sports flout the feminine not only by being competitive, but by using their bodies for an end other than sex and child-bearing.
Four summers ago, when Barack Obama landed in Israel, one of the country's most popular papers headlined the event, "Obamania" and reported that he was greeted "like a rock star." This past weekend, Mitt Romney was not received in Israel as a rock star. The Hebrew headlines on his arrival noted his close friendship with Benjamin Netanyahu—and that he bombed in London. By the time he left, Romney managed to shift attention to his hawkish positions on Iran, but also to his breaches of American and Israeli political manners. His partnership with the Israeli prime minister was even more conspicuous than when he came.
Try as I might—which is, OK, not very hard—I'm having a tough time getting jazzed for the Olympics this year. I get the feeling I'm not the only one. The locals are reportedly grumpy already about the mobs of untrained tourists futzing up London commuters' very own Olympic event, which is predictable enough. But then Mitt Romney got into the act. Giving us a preview of his smooth idea of international diplomacy—I guess he has been talking to John Bolton—he wondered on his arrival in town whether the Brits really had it in them to properly "celebrate" the games. Being accused of not knowing how to party by Mitt Romney has to sting.
Besides pledging his unconditional support to the government of Israel and reiterating his willingness to use force against Iran, Mitt Romney didn’t actually offer foreign policy ideas in his speech this afternoon to the national convention of the Veterans of Foreign Wars.
In France's Fourth Republic, it was said that tourists in Paris made sure to take in the daily changing of the government. According to myth, a deputy who dozed in the National Assembly might wake up to be told that he'd been premier twice during his nap. The coalitions that rule countries with multiparty systems can be flimsy things. But outside the realm of myth, Israel's most recent coalition was particularly short-lived: It ruled for ten weeks, just seventy days, before collapsing this week.