By Fareed Zakaria
Benjamin Netanyahu’s government “has been losing Israel the support of its best friends,” argues Philip Stephens in an interesting piece in the Financial Times. “This is something that should worry anyone concerned with Israel’s long-term security.”
“Mr Netanyahu seems to take pride in defying Mr Obama and others by continuing to expand illegal settlements in the West Bank. When the Israeli and US leaders went head to head on the issue, Mr Obama blinked. It has been Israel, however, that has suffered the consequences.”
Germany has plenty of lessons for the U.S. economy, argues Steven Hill in The Atlantic.
“While Germany’s economy shrank in the last measured quarter, mostly due to the collapse of the overall European economy, it still runs a trade surplus with much lower unemployment than the U.S.,” Hill says. “German Chancellor Angela Merkel once was asked by then-British prime minister Tony Blair what the secret was of her country's impressive success. She famously replied, ‘Mr. Blair, we still make things.’ In Germany, manufacturing still dominates finance, not the other way around, as Germany has continued to emphasize manufacturing and exports over the financial industry.”