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March 24, 2014For more, visit
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UKRAINE CRISIS:


The Editors: "Even as Russia's annexation of Crimea is answered with an economic, rather than a military, response from the West, the crisis is provoking some uncomfortable reckoning on the part of NATO. Secretary-General Anders Fogh Rasmussen has called it a 'wake-up call' that should prompt both the U.S. and Europe to ratchet up their commitment to the transatlantic alliance."
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Marc Champion: "Colonel Yuli Mamchur, the commander of the Ukrainian military base at Belbek in Crimea -- which was stormed by unmarked Russian troops yesterday -- is someone whom we should admire. Mamchur ordered his men not to shoot anyone when the assault finally came, just as he told me he would do when I met him on March 5, before Crimea's referendum on joining Russia. Instead, Mamchur had his men line up in front of the approaching troops and sing the Ukrainian national anthem."
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WALL STREET: "Computers process news so quickly that they can move stock prices before exchanges even have time to calculate them," Mark Buchanan writes. "What, if anything, does all this speed do for the ordinary investor? As I have written, it's certainly capable of creating new kinds of market instabilities. To be fair, it also has its benefits."
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ENVIRONMENT: "How the Colorado River Delta, once a verdant wilderness south of the U.S.-Mexico border, turned into a brown and salty wasteland is a sadly familiar tale." The Editors: "Remarkably, however, this story is about to run in reverse. Humans, having parched the delta for decades, are about to water it again. The benefits are not just environmental but also political."
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POLITICS: "Two newcomers, Senators Rand Paul of Kentucky and Ted Cruz of Texas, are the hottest figures in the dominant conservative wing of the Republican Party," Albert R. Hunt writes. "In markedly different ways, they both claim to be the heirs to the party's contemporary patron saint, Ronald Reagan."
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INVESTING: A. Gary Shilling: "In their indiscriminate rush into emerging markets investors forgot two important points: First, without exception, these economies depend primarily on exports for growth, which means the developed economies, especially the U.S., must be capable of buying their goods. And second, not all emerging markets are alike."
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