Though I don't recall the G-20 declaring a new currency standard, J.P. Morgan announced on Monday that it will accept physical gold as collateral for investors who want short-term loans of cash or securities.
The Chamber of Commerce doesn't represent "business." It represents a small number of massively influential businesses, most of whom are suffocating the startup and mid-sized companies that are the real engines of growth.
Events keep on underlining the gap between the rhetoric and the reality. Nowhere is this more true than with the disparity between the way we talk about our soldiers and their service and the way they are actually treated.
A lot of this talk about "job creation" is really not about that at all, but about creation of benefits to the people at the top, under the implied or assumed justification that jobs will appear magically down below as a result.
When Bill Clinton suffered a midterm reversal, he abruptly embraced the corporate money guys who had financed his opposition in an effort to purchase a second term. Now we have Barack Obama, and the same cycle begins anew.