On the eve of its national elections, France faces the end of two decades of political stability.
If oil is $22 a barrel, does that mean $2 bread and 10 cent dollars? Do oil countries care about unemployment and inflation in the West? If USC fields a winning football team, will the Saudi Arabians be nicer to us? And what are they going to do with all that wealth? These are some of the many questions Adam Smith found himself asking when he traveled to the Middle East recently with the United States Secretary of the Treasury.