Once a nation turns its back on a resolute determination to cultivate moral deservedness, political and financial superintendency passes to those who gain power illegitimately--a fact described eloquently by President Theodore Roosevelt.
Standing in Legoland in 2011, fulfilling a promise to my then eight-year-old son William, it hit me. Practically every time I'd opened my wallet that day, it had been to a company owned by private equity. Even on vacation, I couldn't escape.
The business model that Romney oversaw at Bain, especially the Leveraged Buyout, was questionable at best and destructive at worst, and he cannot pretend that the dangers of Bain's investment methods were unknown to him.
Early this morning, Santa Claus, the jolly icon of the holidays and legendary symbol of Christmas for more than 970 years, was asked to step down from his position as chief manufacturer and distributor of holiday toys and merriment.
The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.