Fifteen years after the collapse of the US investment bank Lehman Brothers triggered a devastating global financial crisis, the banking system is in trouble again. Central bankers and financial regulators each seem to bear some of the blame for the recent tumult, but there is significant disagreement over how much – and what, if anything, can be done to avoid a deeper crisis.
When it comes to wishing for peace in the Middle East – virtually a New Year’s tradition – one needs to be careful. So many hopes have vanished in the bitter failure of so many negotiations. But we have a wish for the Middle East – one that, while perhaps not bringing peace, can create one of peace’s preconditions: goodwill. Israel and Palestine should jointly bid for, and be awarded, the Football World Cup in 2018.
The Israel-Palestine conflict has lasted far too long. The Annapolis peace conference ended a seven-year freeze on negotiations, with President George W. Bush asking the conflict’s main protagonists to reach an agreement by the end of 2008.
Nothing prevents us from hoping that a fair and just peace can be achieved by then. There is no curse that keeps Israelis and Palestinians from living side by side peacefully. Where there is a will, there is a way.
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