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Most of what I’ve learned at Harvard this spring will have dulled in my mind come fall, but there is one lesson I’m certain will not: The political correctness wars are alive and well here, and there is little sign of letting up. More unfortunate still: The side of intellectual honesty appears to be losing...
...public routinely marvels over leaders who refuse to bow to conventional wisdom. Critics claim such "stubbornness" is the tragic flaw of a popular leader, but in fact, such fortitude is the welcome sign of a true leader. Public opinion may change on a whim—it faces no consequences—but a leader’s decisions affect an entire country. That leader is stubborn when he refuses to change a failed policy, but he is spineless when he changes his personal beliefs to curry favor with the public...
...Fatah al-Islam is being funded by Salafist supporters in the city, which allows them to win popularity in the refugee camps by providing social services. The crackdown on Fatah al-Islam, they say, is part of a broader attempt by the U.S.-backed Lebanese government to quell any sign of anti-American Sunni extremism...
...Paulson and Chinese Vice Premier Wu Yi try to cast this week's summit as an intellectual exercise, the main issue confronting them is by no means academic. China's trade surplus with the rest of the world is now at a projected $400 billion, and there is no sign that it is going to shrink anytime soon. The surplus this year will be well above 10 percent of China's total economy, a level more typical of a small Persian Gulf oil exporter than the third largest trading nation in the world...
...There is little sign that things will change. On May 18, in advance of the talks in Washington, China announced a token increase in the range in which it will allow the RMB to trade against the dollar. Beijing also raised interest rates and increased the amount of capital banks need to keep in reserve - both moves intended to slow China's breakneck economy. On Monday, Beijing also announced it was taking a 10 percent stake in the Blackstone Group, the big U.S. private equity firm that is about to go public on the New York Stock exchange, indicating that...