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Niall Ferguson

Niall Ferguson

Member of the Board, Belfer Center for Science and International Affairs

 

 

By Date

 

2012 (continued)

July 9, 2012

How Barclays Lost Its Head

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Recently a series of emails dating back to 2005 and 2006 came to light which document repeated efforts by traders at Barclay's bank to get their colleagues to rig the interest rate known as LIBOR (the London Interbank Offered Rate). "Had the LIBOR scandal been an isolated incident, the chief executive of Barclays, Bob Diamond, might just have survived," writes Belfer Center Board member Niall Ferguson, "[b]ut coming as just the latest in a succession of revelations of sharp practice and/or mismanagement at British financial institutions, “Liborgate” proved fatal not only to Diamond but also to the Barclays chairman and the bank’s chief operating officer."

 

 

AP Photo/LOCOG

May 21, 2012

"London's Last Waltz"

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Niall Ferguson writes that those planning to come to London for the Olympics should read Joseph Roth’s Radetzky March. For London today, he says, resembles nowhere more closely than fin-de-siècle Vienna—in good ways, but also in bad.

 

 

AP Photo

May 2, 2012

"Merkel Can Achieve Fiscal Union in Europe"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs and Pierpaolo Barbieri, Former Ernest May Fellow in History and Policy, International Security Program, 2011–2013

"Europe's monetary union is neither the joint checking account of a dysfunctional family nor a latter-day gold standard. It was always meant to be a staging post on the road to a federal Europe. Today the biggest threat to its survival is no longer the economic consequences of austerity; it is the political consequences, in the form of populist, anti-European, usually xenophobic fringe parties. Almost everywhere but Germany, such parties are gaining support."

 

 

April 30, 2012

"African Game Change"

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

"In the years that lie before us, a great struggle will play out south of the Sahara: a struggle between man and Malthus. According to the Rev. Thomas Malthus’s famous principle—sometimes called the Malthusian trap—population grows geometrically, but the supply of food increases arithmetically. Viewed in those terms, many African countries today seem doomed to misery and vice," writes Belfer Center International Council member Niall Ferguson, "So is Africa heading over a demographic waterfall? Maybe not....Two things are changing the continent’s prospects. The first is the surging demand for the natural resources that are so abundant in Africa....The other game changer is mobile telephony....cellphones are giving poor Africans access to basic financial services for the first time."

 

 

AP Photo

April 9, 2012

"It's the Weather, Stupid"

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

It must be the weather. For some reason, everyone thinks that the economy is recovering and so President Obama is going to be reelected. Just put a bit of blossom on the trees and people lose their minds.

 

 

(Photo by Feng Li)

March 19, 2012

"China's Great Leap Backward"

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

While antiwar protesters clashed with the National Guard on American campuses and Czechs defied the Red Army in the streets of Prague, China had the Cultural Revolution. In some ways it was the ultimate ’60s teen rebellion. In other ways it was totalitarianism at its worst: a bloody revolution from above unleashed by one of the 20th century’s most ruthless despots.

 

 

AP Photo

March 12, 2012

"The British Prime Minister Is Coming to America"

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Reading David Cameron’s biography prepares you for a character out of Downton Abbey. His paternal grandmother was a direct descendant of King William IV, so technically he is a fifth cousin of the queen. His maternal grandfather was a baronet. His father’s ancestral home is Blairmore House in Aberdeenshire. He was educated at Eton and Brasenose College, Oxford, where he was a member of the notoriously toffee-nosed Bullingdon Club. His father-in-law is another baronet.

 

 

AP Photo

February 20, 2012

"Iran Uses European Oil Dependence as Blackmail on Nukes"

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

The signs of economic recovery in the United States grow more numerous—and with them rises the probability of President Obama’s reelection. But two crises abroad threaten to rain on the American parade: the European sovereign-debt debacle and the phony war over Iran’s nuclear program. Most commentators treat these two crises as unrelated. But they are in reality two sides of the same crisis. Call it the Euranian crisis.

 

 

GDA via AP Images

February 13, 2012

"The Pessimistic Billionaire"

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Venture capitalist Peter Thiel has made a fortune as an investor. Why is he so worried about the future?

 

 

AP Photo/Ariel Schalit

February 6, 2012

"Israel’s Case for War With Iran"

Op-Ed, Newsweek

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

There are plenty of arguments against an Israeli attack on Iran. And all of them are bad.

 

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