Justice delayed, but not denied

Jorge videla

By Ruti Teitel LONDON – Late last year, the former dictator General Jorge Videla was convicted and sentenced to life in prison for his role in Argentina’s “dirty war” of the 1970s, including the torture and execution of unarmed prisoners.

Light and shadow

On New  Year’s Day

Many of us, at some time or another, generally as a new year beckons, have resolved to “keep a diary,” probably as part of some grand and comprehensive plan to organize one’s life better and achieve great things – plans, I am afraid, which very soon run aground on the dangerous

In the eye of the global economic storm


The US economy Because of the leading role the US economy plays in the generation of global output, demand, consumption, trade (imports and exports), technology, cross-border direct investment, and financial flows, the difficulties which it is presently encountering (as highlighted in last week’s column) vividly illustrate the continued fragility of the global economic recovery and why the global economic crisis is not going away.

A time to spend


By  J. Bradford DeLong BERKELEY – The central insight of macroeconomics is a fact that was known to John Stuart Mill in the first third of the nineteenth century: there can be a large gap between supply and demand for pretty much all currently produced goods and services and types of labour if there is an equally large excess demand for financial assets.