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That is why I believe most Americans don’t want a plan for deficit reduction. The Tea Party’s vision is narrow and uninspired. Americans want a plan to make America great again, and at some level they know that such a plan will require a hybrid politics — one that blends elements of both party’s instincts. And they will follow a president — they would even pay more taxes and give up more services — if they think he really has a plan to make America great again, not just bring him victory in 2012 by 50.1 percent.
Archive for November, 2010
links for 2010-11-30
Posted in Uncategorized on November 30, 2010| Leave a Comment »
links for 2010-11-28
Posted in Uncategorized on November 28, 2010| Leave a Comment »
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Studio 360 explores F. Scott Fitzgerald’s The Great Gatsby and finds out how this compact novel became the great American story of our age. Novelist Jonathan Franzen tells Kurt Andersen why he still reads it every year or two, and writer Patricia Hampl explains why its lightness is deceptive. We’ll drive around the tony Long Island suburbs where Gatsby was set, and we’ll hear from Andrew Lauren about his film G, which sets Gatsby among the hip-hop moguls. And Azar Nafisi describes the power of teaching the book to university students in Tehran. Readings come courtesy of Scott Shepherd, an actor who sometimes performs the entire book from memory.
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Murder became ordinary during wartime, wrote Miłosz, and was even regarded as legitimate if it was carried out on behalf of the resistance. In the name of patriotism, young boys from law-abiding, middle-class families became hardened criminals, thugs for whom “the killing of a man presents no great moral problem.” Theft became ordinary too, as did falsehood and fabrication. People learned to sleep through sounds that would once have roused the whole neighborhood: the rattle of machine-gun fire, the cries of men in agony, the cursing of the policeman dragging the neighbors away.
links for 2010-11-27
Posted in Uncategorized on November 27, 2010| Leave a Comment »
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Rather than acting in their customers’ best interests, financial institutions may peddle opaque investment products, like collateralized debt obligations. Privy to superior information, banks can charge hefty fees and drive up their own profits at the expense of clients who are induced to take on risks they don’t fully understand—a form of rent seeking. “Mispricing gives incorrect signals for resource allocation, and, at worst, causes stock market booms and busts,” Woolley wrote in a recent paper. “Rent capture causes the misallocation of labor and capital, transfers substantial wealth to bankers and financiers, and, at worst, induces systemic failure. Both impose social costs on their own, but in combination they create a perfect storm of wealth destruction.”
links for 2010-11-24
Posted in Uncategorized on November 24, 2010| Leave a Comment »
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All these conflicting interests are helping to polarise further America’s politics. In the 1976 election…26% of voters lived in counties where one party won by 20 points or more. In 2008 a whopping 48% of voters did so. Strikingly, less than 400 of America’s 3,141 counties switched parties at the 2008 election. Politicians, like marketers, have become adept at identifying likely customers. “Bringing out the base” is the key to winning.
links for 2010-11-23
Posted in Uncategorized on November 23, 2010| Leave a Comment »
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In the same way we could sit by and watch markets fail and say yes one day everything will be better. In the case of a debt deflation for example, it will eventually be better if because of nothing else, then because all of the debtors will one day die.
This is natural and its is true that the forces of economic evolution will rebuild a market from the diseased economy that we observe. But, we care about people. We care about suffering. We don’t want them to be downtrodden until they are removed by death.
The market itself only matters because it makes people’s lives better. The economy only matters because we care about the people who make it up.
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Japan is ageing faster than any country in history, with vast consequences for its economy and society. So why, asks Henry Tricks, is it doing so little to adapt?
links for 2010-11-15
Posted in Uncategorized on November 15, 2010| Leave a Comment »
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In Schenectady, NY, a school maintenance man named Steve Raucci works his way up the ranks for 30 years, until finally he's in charge of the maintenance department. That's when he starts messing with his employees. Teasing them at meetings. Punishing them with crummy work assignments. Or worse things, like secretly slashing their tires in the middle of the night.
links for 2010-11-13
Posted in Uncategorized on November 13, 2010| Leave a Comment »
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“This exhibition is about Hitler and the Germans — meaning the social and political and individual processes by which much of the German people became enablers, colluders, co-criminals in the Holocaust,” said Constanze Stelzenmüller, a senior trans-Atlantic fellow with the German Marshall Fund of the United States in Berlin. “That this was so is now a mainstream view, rejected only by a small minority of very elderly and deluded people, or the German extreme right-wing fringe. But it took us a while to get there.”
links for 2010-11-12
Posted in Uncategorized on November 12, 2010| Leave a Comment »
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Barack Obama was a candidate with a campaign and appeal like no other. He promised – in his words and in his person – a breakthrough age for this country.
In the White House, President Obama has been a sober, straightforward, determined leader. He’s brought the civility and seriousness that he promised. But soaring? Not exactly. Not yet.
He’s had a tough road, and searing opposition. But even friends are grumbling. After the midterm “shellacking,” what now? What’s needed?
links for 2010-11-11
Posted in Uncategorized on November 11, 2010| Leave a Comment »
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To environmentalists, “clean coal” is an insulting oxymoron. But for now, the only way to meet the world’s energy needs, and to arrest climate change before it produces irreversible cataclysm, is to use coal—dirty, sooty, toxic coal—in more-sustainable ways. The good news is that new technologies are making this possible. China is now the leader in this area, the Google and Intel of the energy world. If we are serious about global warming, America needs to work with China to build a greener future on a foundation of coal. Otherwise, the clean-energy revolution will leave us behind, with grave costs for the world’s climate and our economy.
links for 2010-11-10
Posted in Uncategorized on November 10, 2010| Leave a Comment »
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There is no longer doubt that children and teens need protection. Marketing of both brands and foods is relentless and the nation is paying a terrible price. The industry has had time to prove itself trustworthy, and government can look the other way only so long. Children's health and well-being are essential to the future vitality of the country and their erosion by some food industry practices must be stopped.
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The interactive graphic above illustrates some of the problems that the European economy faces.