… give or take
// The United States is at a turning point in its foreign policy history. For the first time in many decades, the US faces the choice between domestic priorities and foreign entanglements. This fork in the road was bound to arrive sooner or later, but the disastrous and foolhardy adventures begun under George Bush II [...]
// It was bound to happen. Goldman Sachs was far too successful and prominent to avoid an investigation by regulators in the aftermath of massive financial crisis. And since nobody considers that the economic system itself might be to blame for the crisis, what better scapegoat is there? Surely, there’s nothing systemically flawed with the [...]
// The Golden State’s problems continue to fester. Steven Greenhut of the Orange County Register notes the sorry state of the state, and the even sorrier state of the state’s legislators in the face of crisis. Being the largest economy in the US, as California goes, so goes the country—in more ways than one. And [...]
// President Obama recently announced new banking and financial reforms that indicate that while he clearly still doesn’t quite grasp the underlying economic and financial structures that fostered the crisis, he’s getting there. The Economist reports: Though not a full return to Glass-Steagall, the law that separated commercial banking and investment banking in the wake [...]
// Fareed Zakaria writes recently in Newsweek that maybe the economic situation is not so bad after all. The financial system has calmed down and government intervention has helped with economic stability over the last year. Severe problems remain, like high unemployment in the West, and we face new problems caused by responses to the [...]
