Chronicles Magazine European Diary

Regulation for Financial Sanity

The Federal Deposit Insurance Corporation (FDIC) just reported that U.S. banks lost money at a $100 billion annualized rate during the fourth quarter of 2008. Sounds grim, but it only describes the visible part of the iceberg our financial...

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  • European Diary

    The Ulema and I

    On the flight to Bombay—which a British single mother with an addiction to horse tranquilizers, or a benefits administrator dispensing them, would call Mumbai—I came across a Times of India news report entitled “6,000 Ulema back fatwa on Terror.”

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