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Heads in the Sand

The so-called Sunni Awakening, in which American forces formed tactical alliances with local sheikhs, has been credited with dampening the insurgency in much of Iraq. But new evidence suggests that the Sunnis were offering the same deal as early as 2004—one that was eagerly embraced by commanders on the ground, but rejected out of hand […]

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The American Press on Suicide Watch

If you wanted to pick the moment when the American news business went on suicide watch, it was almost exactly three years ago. That’s when Stephen Colbert, appearing at the annual White House Correspondents’ Association dinner, delivered a monologue accusing his hosts of being stenographers who had, in essence, let the Bush White House get […]

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How We Tested the Big Banks

This afternoon, Treasury, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve will announce the results of an unprecedented review of the capital position of the nation’s largest banks. This will be an important step forward in President Obama’s program to help repair the financial system, restore […]

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