The Washington Monthly

When Paul Hudson, the chairman and CEO of Broadway Federal Bank in Los Angeles, speaks of the current financial crisis, he sounds altogether placid. "It's going to be difficult, because everybody participated in this low-cost-credit, high-value-asset scenario," he says. "But I'm not overly stressed." It helps that his own bank is doing fine. Broadway Federal, founded in 1946 to provide loans to the growing African American community of Los Angeles, is a small institution with five branches located in middle-class, largely black neighborhoods of the

John McCain is an AT&T guy; Barack Obama is a Google guy. And that's one of the most important policy differences between the two.

Think of the Internet as working at different layers. There are all the pipes that go into your home, and then there's all the stuff on your screen--from e-mail to eMule. The telecom companies like AT&T control the pipes; the software companies, like Google, create the stuff.

In an ideal world, both these layers would be… more

In November 2005, hotel employees in the city of Emeryville, California got some good news. Local voters had passed a “living wage” law requiring hotels to pay workers a minimum of nine dollars per hour plus extra for certain duties. In an expensive town--Emeryville occupies a narrow peninsula in the San Francisco Bay, making it attractive to tourists--this was welcome news. As the months went by, however, employees at one hotel, the Woodfin Suites, found that they were still being paid less than the law required. In… more

I remember one particularly bad factory in China. It produced outdoor tables, parasols, and gazebos, and the place was a mess. Work floors were so crowded with production materials that I could barely make my way from one end to the other. In one area, where metals were being chemically treated, workers squatted at the edge of steaming pools as if contemplating a sudden, final swim. The dormitories were filthy: the hallways were strewn with garbage -- orange peels, tea… more

In a Manhattan courtroom in May 2001, four men were convicted for their roles in al-Qaeda's bombings of the American embassies in Kenya and Tanzania three years earlier. The evidence against them had been collected without recourse to torture, coercion, or unorthodox interrogation techniques. The attacks had killed a dozen Americans and more than two hundred Africans, and family members of some of the victims attended the trial and testified about the devastating loss of their loved ones.

The trial… more

The Treaty of Westphalia, which ended the Thirty Years War in 1648, effectively established an entity that most of us today take for granted: the nation-state. In the nation-state, it is the duty of the state to protect the nation and of the nation to remain loyal to the state. When security threats to the nation arise, the state must defend against them, and, in times of danger, liberty is often at odds with security. For authoritarian states, such tension… more

John F. Kennedy is not running for anything in 2008, but you'd never know it. A front-page photo in the New York Times recently showed his electability in Serbia, of all places, where local candidates are vying to establish their credentials as the latest citizens of the New Frontier. Back in the U.S., no candidate has captured the reflected glory of JFK more than Barack Obama, thanks to his youth, eloquence, and message of change. The Kennedy-Obama parallel has been… more

As even the most committed conservatives have begun to recognize the scale of the debacle, foreign and domestic, of the seven years during which they have held unchecked power, they have begun to plot a slick escape from the consequences. "Oh, that?" they will say. "That wasn't conservatism. That was something completely different." It started out as conservatism, they say, but was corrupted by the culture of Washington, by Jack Abramoff or Tom DeLay. Or, they say, so sorry, we… more

There's no doubt that America's political parties have undergone a major transformation in the last two decades, and that we now have, for better or for worse, a center-left party and a center-right party(although at the moment, more right than center), pitted against one another, rather than the jumble of the past. The question is whether this process, which Ron Brownstein, until recently a columnist for the Los Angeles Times, calls the "Great Sorting-Out," is a bad thing, a good… more

If you’ve never suffered the agony of low back pain, don’t worry -- chances are you will. About two-thirds of adults are hit with low back pain at some time in their lives, and for many the pain is sufficiently unbearable to send them hobbling into the doctor’s office. Yet although back pain is one of the most common conditions around, and although it costs billions of dollars each year in lost productivity, doctors still disagree over everything from how… more