“Recall that the United Nations commissioned Arab scholars and analysts to publish the Arab Human Development Report. What causes the backwardness, the scholars wondered, of 22 Arab states, covering nearly 300 million people? Their conclusion? Of all world regions, the Arab countries scored the lowest in freedom, media independence, civil liberties, political process and political rights.” PeopleWorldHumansCountryStatesPoliticalNationsCausesProcessUnitedLibertyMillionsRightsMediaDevelopmentIndependenceConclusionReportsRegionsScholarRecallsLowestUnited NationsPublishCoveringCivil LibertiesHuman DevelopmentAnalystsPolitical Rights Author:Larry Elder
“Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones. It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.” MayCountryProcessDifficultBallsResponseFinancialInternationalCongressConclusionSupposed To BeShockIngredientsSwingsKnockingEquilibriumFinancial MarketsPendulumsFluctuationFinancial SystemMeltdownsInterim Author:George Soros