Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.
Shamus Cooke: The housing market appears to be on a never-ending downward spiral, with the much-discussed “recovery” always around the next corner.
Opium is in the news again. Afghanistan is producing bumper crops of opium poppies, funding Taliban attacks and simultaneously enriching some of the Afghani government’s warlord allies. Low heroin prices worldwide suggest that the marketplace is saturated, and American policy abroad is aimed narrowly at crop eradification while at home we are incarcerating drug users [...]