Lessons From the Recovery of 2001

Wall Street, or what remains of it, has dealt a catastrophic blow to its reputation in the past eight months of bonuses, bailouts and bankruptcies. What its current leaders, and the young who are lucky enough to be entering business, have to do now is begin rescuing and restoring that reputation. This will, in fact, […]

Obama’s Domestic Agenda Gains Clarity

Barack Obama was elected in part because of his singularity. There was no one like him. He was a break with the past, not only because of his youth and race but also his cerebral bent, his cool demeanor. He seemed free of the partisan muck. He was hard to categorize because we didn’t have […]

Neither a Hedgehog Nor a Fox

He is willowy when people yearn for solid, reed-like where they hope for substantial, a bright older brother when they want Papa, cool where they probably prefer warmth. All of which may or may not hurt Barack Obama in time. Lincoln was rawboned, prone to the blues and freakishly tall, with a new-grown beard that […]

There’s No Pill for This Kind of Depression

It is six months since Lehman fell and the crash (or the great recession, or the collapse—it’s time it got its name) began. An aspect of the story given less attention than it is due, perhaps because it doesn’t lend itself to statistics, is the psychic woe beneath the economic blow. There are two parts […]

A Tragedy of Errors, and an Accounting

It is late in the morning one day last December. A plane is in distress, it’s lost one engine and now two and it’s going down, and people on the ground hear the sound, look up, say, “That’s going awful low,” and whip out their cellphones. You could see the pictures they took later on […]

Obama Dons the Presidential Cloak

Washington A mysterious thing happened in that speech Tuesday night. By the end of it Barack Obama had become president. Every president has a moment when suddenly he becomes what he meant to be, or knows what he is, and those moments aren’t always public. Bill Safire thought he saw it with Richard Nixon one […]

Remembering the Dawn of the Age of Abundance

Monday morning, 11:30:39 Eastern Standard Time, and I had just hit send. I was in a wide-body 767, high above the continent. “This is so exciting,” I wrote to a friend. “I am on an airplane going over the Rockies. I am sending you an email. Down there the settlers went in covered wagons. Up […]

Is ‘Octomom’ America’s Future?

A moment last Monday, just after noon, in Manhattan. It’s slightly overcast, not cold, a good day for walking. I’m in the 90s on Fifth heading south, enjoying the broad avenue, the trees, the wide cobblestone walkway that rings Central Park. Suddenly I realize: Something’s odd here. Something’s strange. It’s quiet. I can hear each […]

Bracing Ourselves

All week the word I kept thinking of was “braced.” America is braced, like people who are going fast and see a crash ahead. They know huge and historic challenges are here. They’re not confident they can or will be met. Our most productive citizens are our most sophisticated, and our most sophisticated have the […]

Look at the Time

It looks like a win but feels like a loss. The party-line vote in favor of the stimulus package could have been more, could have produced not only a more promising bill but marked the beginning of something new, not a postpartisan era (there will never be such a thing and never should be; the […]