Some Reflections on “Torture”

Unless we decide to incorporate its immorality into the very definition of torture — a move that appears suspiciously like cheating — there doesn't seem to be any a priori reason for condemning all kinds and instances of torture.

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Why the Steepening Yield Curve?

Investors are beginning to look ahead, anticipating surging inflation.

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Was the Cairo Speech Lost in Translation?

Better to inquire what went on in the back rooms of Cairo and Riyadh than to overanalyze the President's Cairo speech too much.

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