Some New York Stock Exchange officials agree with futures advocates that these new instruments help the stock market in many ways and may even be partly responsible for its rapid growth. At the same time, the officials warn, the possibility that they might also contribute to a meltdown is worth taking seriously.
Steven Waldman
Steven Waldman is chair of the Rebuild Local News Coalition, cofounder of Report for America, and a contributing editor at the Washington Monthly.
Posted inMagazine
The King of Quotes
Norman Ornstein is officially a resident scholar at the American Enterprise Institute. Unofficially, he is the number-one professional analyst of Congress and, increasingly, of Washington in general.
Posted inUncategorized
The Hiroshima Hustle
“Dear Friend, I am writing to you from Hiroshima,” begins the emotional letter from Rep. Edward Markey. “Here, 40 years ago, the nuclear arms race began. It is a brilliant summer afternoon as I look out my hotel window. But earlier this morning, as I visited Ground Zero, I was overwhelmed by the enormity of […]
Posted inMagazine
For Immediate Release
In the 1950s, there were only a handful of press secretaries on Capitol Hill. Today there are about 750. How do they keep busy? They write press releases—hundreds each week, thousands each year.
Posted inPolitics
The Man Who Would Be Speaker
This article appeared in the March 1986 issue of the magazine and is available as a PDF here.
Posted inMagazine
The Other AIDS Crisis
As the AIDS crisis demonstrates, when two major components of our health care system—the federal government and private insurers—flinch at high costs, the burden shifts to local public hospitals that are hindered by woefully inadequate funding and poor municipal planning.
Posted inMagazine
Put the Politics Back Into Political Science
The Federalist Papers are lacking in multilinear equations. But they achieve a salty sense of political reality.
