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Michael Ubaldi, May 19, 2005.
I've added a long-overdue sidebar link to the splendid work of London-based Iraqi expatriate Ahmad. Michael Ubaldi, May 19, 2005.
Ramesh Ponnuru is quizzical, though perhaps not enough, about a defense of Newsweek from rightist New York Times columnist David Brooks. Brooks derides military writer Austin Bay's condemnation as "craziness." Unfortunately, the weakest judgments of the "what" and "why" of Newsweek's infraction have come from otherwise intelligent political and media insiders who are inured or oblivious to leftist prejudice. It isn't so cynical to consider the personal and professional relationships pundits and journalists would damage by calling their colleagues and past or future employers intellectually unfair or dishonest, in spite of overwhelming evidence. Outsiders like Austin Bay have a completely different perspective and nothing to lose with stern condemnations. Yet Bay is no polemicist; the ugly travesty of May 17th's White House press briefing, where reporters demanded the Bush administration apologize for having dared ask a news magazine to deal in fact instead of innuendo, wasn't a parody skit. Brooks should take the opinion of men like Bay more seriously and stop pretending that mainstream newsrooms couldn't possibly be oppugnant to their American benefactors. They may not be "Noam Chomskys with laptops," but just how close have they come? CANDID CALUMNY: Glenn Reynolds helpfully lists journalists, most of them at least nominally on the left, who can see or are willing to admit what Brooks and others can't. Michael Ubaldi, May 19, 2005.
One month ago Federal Reserve Chairman Alan Greenspan offered constructive, even merciful criticism of the Enron-style accounting practices found in Fannie Mae and Freddie Mac, the federal government's artificial lifts for the housing market. Via teleconference from Philadelphia, Greenspan advised Congress on what to do with a pair of state institutions that hid $16 billion of losses. Namely, keep them well away from home-buyers: "The assets required for Fannie and Freddie to achieve their mission are but a small fraction of the current level of their assets," Greenspan said. Thus if Congress were to limit the two companies' holdings so that they can achieve their mission, a substantial liquidation would be required over time, the Fed chief said. ...Greenspan said the Fed also sees little evidence to support the notion that the availability of fixed-rate mortgages is tied to the size of Fannie's and Freddie's portfolios. He also said it is "difficult to see" how the two companies' portfolios can influence home ownership.
Michael Ubaldi, May 18, 2005.
Last night Iraqi blogger Ali Fadhil leveled allegations ranging from incompetence to misrepresentation and fraud against Spirit of America, the American-based charity in Iraq, Afghanistan and Lebanon. I read Ali's weblog and contacted Glenn Reynolds, who responded, saying that he'd investigate. Today, Ali has clarified those charges. While Ali's claims, if accurate, illustrate a failure on the part of Jim Hake and his staff to effectively deploy charitable donations netted by thousands of sympathetic parties, mendacity on the part of Hake et al is not immediately apparent. Philanthropy in operation may be so different from the concept, so foreign to Iraqis that their initial collective response has been awkward and their work inefficient, and Ali may be unfamiliar with the often frustrating experiences and occasionally disappointing results of volunteer work with otherwise good intentions; or Spirit of America could be an organization far better at marketing than it is with managing works projects in a country that is both recovering from decades of modern totalitarianism and sitting at the center of the war on terror. Either way, explanations from Ali's brothers and Jim Hake should be forthcoming. ONE REPLY: It appears that Jim Hake has responded in Ali's comment thread. CONCLUDED: Omar and Mohammed answer. Michael Ubaldi, May 18, 2005.
Transforming personalities into Star Wars characters as a roundabout gesture of respect? It's been done before. Michael Ubaldi, May 18, 2005.
The American economy is neither stagnant nor inflationary; consumer prices are fairly level, pleasant news to hear after this month's uplifting employment report. Meanwhile, the Nasdaq index regained the level of 2000 from yesterday's steep incline — an event that seems not to have attracted the same media fanfare as when that point was passed in the opposite direction. Michael Ubaldi, May 18, 2005.
Uzbeks are quite literally fighting for their own dignity as men against their tyrannical government, which was sadly granted a place in Freedom House's most recent catalog of the world's most heinous dictatorships. Democrats in Uzbekistan face halting challenges but violent unrest is, after all, a reflection of the regime's unpopularity; and it is generally understood that the Bush administration has been surreptitiously aiding the cause of freedom for some time. Instapundit and Winds of Change have much more. Michael Ubaldi, May 17, 2005.
National Review's Andrew McCarthy makes an end-run around the right's general position on Newsweek: Here's an actual newsflash — and one, yet again, that should be news to no one: The reason for the carnage here was, and is, militant Islam. Nothing more.
Michael Ubaldi, May 17, 2005.
Better to be obscure in victory than conspicuous in failure. Michael Ubaldi, May 17, 2005.
John Hopkins professor and geopolitical progressive Fouad Ajami wrote masterfully in the Wall Street Journal yesterday. Tony at Across the Bay helpfully reprinted the opinion piece in its entirity. If there is moral confusion in the West about the war on terror, Ajami writes, there is startled hope and excitement in the Near East and broader Third World — quite simply because over there liberty is an aspiration, not a convention to flippantly deconstruct: "George W. Bush has unleashed a tsunami on this region," a shrewd Kuwaiti merchant who knows the way of his world said to me. The man had no patience with the standard refrain that Arab reform had to come from within, that a foreign power cannot alter the age-old ways of the Arabs. "Everything here — the borders of these states, the oil explorations that remade the life of this world, the political outcomes that favored the elites now in the saddle — came from the outside. This moment of possibility for the Arabs is no exception."
On our side of the world, disagreement on policy and strategy, contrary to accusations from the left, occurs daily on the right; though all seriously competing propositions are founded in a mutual understanding of good and evil intentions, free and oppressed, and directed towards a shared definition of victory that entails the end of dictatorship. From afar, it all may look the same. But opposing the diplomatic and military confrontation of tyranny outright or condemning it as the arbitrary domination of another — the very abomination this war has demonstrably weakened in several countries — is a telling mischaracterization of the free world's twin desires to protect and empower common men. It is an abdication of discernment, responsibility and, at a point, sanity. What has made debate so frustrating in the last half-century — tragically, the modern embrace of liberty brought with it the temptation of relativist abandon — is that the parties most opposed to one another can no longer agree on basic facts or principles, and that the relativists enjoy cultural standing and a certain credibility. You can't prove green is really green, can you? they jeer. Discouragingly, a lot of time is wasted reestablishing for them what should be obvious. But they concede something when they bristle at aphorisms from the reverent. So for Ajami's work, we recognize what is good; and for those who would out and scoff at the man's recounting, what is nonsense. |