Current Events and the Psychology of Politics
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Aug 1st, 2011

Summary: President Barack Obama has struck a debt-ceiling compromise with Republican leaders of Congress, averting a potentially catastrophic government debt default. … One-year retrospective: One year ago today, on August 1, 2010, Aubrey Immelman reported that July 2010 was Iraq’s deadliest month in more than two years, suggesting that a resilient insurgency was successfully taking advantage of the months of deadlock in forming a new Iraqi government.



Summary: As Washington dithers over raising the nation’s debt ceiling, investor confidence is flowing away, with bond rating agencies and investors losing confidence that debt issued by a dysfunctional government is a risk-free bet that deserves a top-notch credit rating. … One-year retrospective: One year ago today, on July 26, 2010, Aubrey Immelman reported that a six-year archive of classified military documents released on the Internet by WikiLeaks offered an unvarnished picture of the war in Afghanistan that is in many respects more grim than the official portrayal of the war.