I suspect the stock of outstanding synthetic credit derivatives -- $ 1500 b in synthetic CDOs in 2004 v. $300 b or so in 2001, according to Mark Whitehouse of the Wall Street Journal -- is the only t…

The classic sovereign wealth fund was an institution that invested a country’s surplus foreign exchange (whether from the buildup of “spare” foreign exchange reserves at the central bank or from the …

Israeli columnist Ari Shavit just came out with a new book, My Promised Land, that is receiving tremendous media attention in the United States. I joined Ari and David Remnick, editor of The New York…