Newsweek January 4, 2013

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United States
The Newsweek/Daily Beast Company LLC
37 号


the #lastprintissue

I may be your longest-living Newsweek reader. My father subscribed when Newsweek first came out. He was impressed with the signed opinion pieces. Very new at the time. I believe I was 8 or 9 at the time, and I am now a couple of months short of 88. I read Newsweek and The Saturday Evening Post weekly. Finally, I got married in 1949, and I no longer read Newsweek at home. At Berkeley, however, I read Newsweek in the Cal library. I subscribed when I became employed in 1953 and have stayed subscribed ever since. Newsweek followed us to two years in Indonesia and seven years in Saudi Arabia. In Saudi Arabia someone read every issue of Newsweek and obliterated any mention of Israel with printer’s ink. I became a…

commies prefer blondes

NATIONAL NOTEBOOK Shortly after the collapse of the Soviet Union, Russian President Boris Yeltsin allowed a small number of academics to poke around in the previously secret Communist Party and KGB archives. The resulting flood of revelations-the American Communist Party was funded by Moscow; Julius Rosenberg was guilty of espionage-precipitated a mock headline from Weekly World News, the satirical supermarket tabloid: “Marilyn Monroe Was a Russian Spy!” Accompanying this latest “revelation” from the Kremlin vaults was a “never before seen” photograph of the dumpy Soviet Premier Nikita Khrushchev leering at Monroe and the additional claim that the two were lovers. The story was meant to be a joke, of course. But once upon a time, FBI Director J. Edgar Hoover had indeed considered that Monroe might be an agent of the…

india’s shame

THERE IS no aspect of this sad, sordid episode that does not grate. Not even what happened after her death. She was gang-raped on a Delhi bus on Dec. 16, and died in Singapore nearly two weeks later. One report speaks of the police “rushing” the family “to get the cremation done before sunrise” and that they “asked the victim’s neighbors to stay away from her house.” Two thousand policemen were in place to add teeth to these requests. By themselves, these might, just might, have been seen as reasonable measures. But in a twoweek spell during which nearly every government move has been graceless and ham-handed, this was just more of the same. The prime minister’s reading of a prepared statement on the attack ended with a “Theek hai?”…

bill browder

LAST MONTH, when Vladimir Putin signed a law banning American citizens from adopting Russian children, it was widely seen as the latest indication that U.S.-Russian relations were spiraling downward. So who caused this turn of events? The obvious political figures certainly played their roles. But perhaps no one was more central to the unfolding drama than a businessman turned unlikely human-rights crusader named Bill Browder. Browder’s grandfather, Earl Browder, had been general secretary of the American Communist Party, but his grandson spent most of his career in a very different pursuit: making money. Bill graduated from Stanford Business School the same year the Berlin Wall fell. “My grandfather was the biggest communist in America,” Browder recalls thinking at the time. “Now that the Berlin Wall has come down, I am going…

too big to jail?

THE BANKS are on the run. Wall Street went all out on a Romney victory-and lost. Elizabeth Warren, perhaps the fiercest critic of banks in public life, is about to assume her seat on the Senate banking committee. And global financial regulators are in high pursuit: HSBC, the London-based bank, in December agreed to pay $1.92 billion to settle charges of money laundering; UBS agreed to pay a $1.5 billion fine for its role in conspiring to fix a benchmark interest rate, the London Interbank Overnight Rate (LIBOR); and in the U.S., regulators led by the Office of the Comptroller of the Currency, a supine agency during the Bush years, were making headway on a reported $10 billion deal with 14 banks over abusive and improper mortgage-foreclosure practices. And yet. Despite…

a load of gas

THREE YEARS ago, the oil and gas industry was caught off guard by the documentary Gasland, made by Josh Fox, an activist and theater director who had been offered nearly $100,000 for drilling rights near his family’s northwestern Pennsylvania home. By the time gas companies marshaled their resources to counter Fox’s claims about hydraulic fracturing, the public was already well on its way to worrying about the potential health and environmental risks associated with the drilling technique. A lot has changed since 2010. Natural gas has boomed, in large part thanks to hydraulic fracturing, also called fracking, a technique in which millions of gallons of water, sand, and chemicals are pumped through shale rocks to get at the gas beneath. Meanwhile, opposition to fracking has grown more heated, with “No fracking”…