One of the things that has been very difficult in Libya is the sense of uncertainty - the sense that they haven't actually finished the revolution, that there was still a great deal of uncertainty. That uncertainty has made Libya harder for business in terms of oil and other things as well.
Fareed ZakariaYou know, when the cost of capital goes down, when credit becomes cheap, people start taking greater and greater risks.
Fareed ZakariaIn a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
Fareed ZakariaMedia reporters have pointed out that the paragraphs in my Time column this week bear close similarities to paragraphs in Jill Lepore's essay in the April 22nd issue of The New Yorker. They are right. I made a terrible mistake. It is a serious lapse and one that is entirely my fault. I apologize unreservedly to her, to my editors at Time, and to my readers.
Fareed Zakaria