New column: The crisis cycle
Submitted: Jul 18, 2008 - My new column is in the issue of TIME with Afghanistan on the cover and online here. It begins:
It's getting to be a familiar ritual. Markets panic. A bunch of G-men in dark suits interrupt their routines for an emergency meeting or a conference call to piece together a rescue plan. They announce the plan. Panic subsides. Then, a week to a couple of months later, it starts all over again. I…
