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The 'Bradley effect' in 2008

If I had a nickel for every time some pundit has opined about Barack Obama and the dreaded ''Bradley effect,'' I could rescue Wall Street.

Government by Goldman Sachs

As we watch market values plummet and politicians debate -- at last -- the proper relationship between government and finance, an era in American history is ending. It wasn't understood as an era during its time, and it never had a name. Its name, though, was on the tip of our tongues: It was the Neoliberal Era.

Abolish the vice presidency

Sarah Palin is the product of a design flaw -- the unintended consequence of the founders' decision to create the vice presidency.

Oslo at 15 years, a vanishing dream

September marked 15 years since the signing of the Israel-PLO Declaration of Principles on the South Lawn of the White House, launching the Oslo process and a new hope for the Middle East. The anniversary was largely ignored, overshadowed by the latest rounds of political uncertainty and upheaval in both Israel (where the ruling Kadima party elected Tzipi Livni its new leader) and in the Palestinian territories. Indeed there was little cause for fanfare or celebration. The latest incarnation of Oslo...

Don't shield us from unease

I'm ambivalent about Banned Books Week, which runs through Oct. 4. On the one hand, we clearly still need such a public affirmation, as the recent tumult over Sarah Palin and her ''rhetorical'' inquiries to the Wasilla, Alaska, public library show.

Risk from Russia is rising

The August war in Georgia destroyed any illusions that nearly 20 years after the collapse of the Berlin Wall and the end of the Cold War we had restructured the European security system to make the continent whole, free and secure. The crux of the problem lies with the failure to ensure that Russia is fully invested and integrated into that system. Without that, Russia's neighbors will never feel secure. While we had not given Georgia formal security guarantees, the failure to prevent the Georgia...

Back-to-basics investing

As a trustee of the Los Angeles City Employees' Retirement System, every week I receive materials in the mail from money managers imploring me to consider investing in their strategy for generating high returns for our $10-billion pension fund. One of the most fascinating -- and revealing -- set of marketing materials comes from a company that lists the following options for investing our fund's money: credit default swaps, merger arbitrage strategies, collateralized debt obligations, interest rate...

Canada's view on U.S. presidential race

Canadians take a genuine interest in the United States of America, whether it be a devastating hurricane, the effects of a downturn in the economy or the current presidential campaign. The United States is our neighbor, our trading partner and our political ally. We are concerned about what happens in our neighboring country because it affects us as well.

O.J. Simpson: Been there and one that

If O.J. Simpson whined in the Mojave Desert (Nevada side), and no one was around to hear him, would he still make a noise? Do we care?

How to spend that $700 billion

Even if congressional leaders can close a deal on the bank rescue, the real debate is just beginning. The key questions about the plan are not the ones that Congress debated: how much it would cost and whether it would impose symbolic pay caps for bosses whose wealth has already been hammered. Rather, the key question lies in the execution of the bailout.

On Wall Street, the view from the scut workers

The title character of my 2007 novel, Confessions of a Wall Street Shoeshine Boy, was inspired by a real-life shoeshiner who plied his trade among the Guccis and Ferragamos of the financial district. What a view he had! From the very bottom rung of the economic ladder, he watched Wall Street insanity of outlandish proportions: the shady world of unbelievable hedge-fund profits, the supermodel girlfriends, $5,000 bottles of wine, cocaine-fueled trading and partying, the jaw-dropping castles of the...

Assessing blame for the financial crisis

Looking for someone to blame for the shambles in U.S. financial markets? As someone who owns both an investment bank and commercial banks, and also runs a hedge fund, I have sat front and center and watched as this mess unfolded. And in my view, there's no need to look beyond Wall Street -- and the halls of power in Washington. The former has created the nightmare by chasing obscene profits, and the latter have allowed it to spread by not practicing the oversight that is the federal government's...

I think I see Russia . . . No, wait . . .

NOME, Alaska -- Yes, Nome. Why not? I wanted to see the real Alaska, and I was told that would require me to get beyond Anchorage, which is sometimes derided as Los Anchorage because of its enormous population (280,000) and sprawling suburbs.

Five keys to recovery

This week, Congress is expected to commit hundreds of billions of taxpayer funds to a revitalization program to halt our financial hemorrhaging. Twenty years ago, in the midst of another financial crisis, I was part of a banking industry effort to solve the savings and loan problem. The result of that effort was the Resolution Trust Corporation, which, under Bill Seidman's masterful leadership, cleaned up the S&L mess in 48 months.

Trade can help Haiti to its feet

Tropical Storm Hanna has wreaked havoc on Haiti, a nation already ravaged by disease, food shortages, near-constant violence and extreme poverty. Already, reports suggest that the damage and death toll will exceed that of 2004's Hurricane Jeanne, which killed at least 3,000.

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