Instead of following predictable (and boring) scripts, why not turn the page on Cold War-esque rhetoric and find ways to join hands with China so as to mutually benefit from each other's comparative advantages?
Viewed as a standalone, the controversy generated by the Clint Eastwood Superbowl commercial is really silly. Yet it points to something profound that has and, if left unaddressed, will continue to undermine America's ability to regain economic dynamism, create ample jobs, and deal with growing inequalities. It is yet another illustration of the deep political dysfunctionality that continuously undermines DC's willingness and ability to move forward with the much-needed action. For the sake of both current and future generations, let us hope that Clint Eastwood's "Half Time in America" commercial will be remembered for more than just igniting yet another round of political bickering and finger pointing.
It's like saying rather than drowning in a lake 50 feet deep, you get to drown in a lake that is only 30 feet deep. And, people are taking victory laps? You don't believe any of that and still think what the politicians said about punishing the banks was true?
A recession economy needn't be the demise of fashion brands, as there are certainly more than enough opportunities to get back to black with the brand value intact.
We need to look at our banking and housing system and engage in a ruthless yet compassionate evaluation of whether it is working to solve our national needs. Serious thinkers in both parties recognize that it isn't.
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It is important to bear in mind why exactly today's settlement must be viewed as a first step rather than a resolution of the struggle for accountability in the foreclosure crisis.
For me, Grand Central is the last bastion of an American grandeur, when traveling was an elegant enterprise free from shoe checks and body scans. This month traveling through my favorite train station gets even better.
Huzzah, we finally have a massive mortgage-foreclosure settlement! At long last banks will be taken to task for sloppy foreclosure practices that ruined millions of lives. The housing market will get a lift, and all will be well with the world. Except probably not so much.
As word of the risks spread among entrepreneurs, investors, academics, cybersecurity experts and consumers learned about the risk, the sector came together. That is no small feat. This is an industry that has nearly 6 million jobs all throughout the nation.
That emerging economies continue their slow but steady recovery on the job front can only be a sign in the right direction. I'm confident that emerging economies will eventually carry the day.
The banks engaged in a years' long pattern of what can only be described as fraudulent if not criminal conduct that would put anyone else in prison for years if not decades, yet banks get to buy off the cops with some money to help just a few of the victims they created.
The New Year got off to a strong start as economic indicators and the stock market both have performed better than expected. The question is -- how much of this reflects fundamental economic strength and how much of it is due to the flood of liquidity?
A series of inaccurate forecasts could make people doubt the ability of the FOMC. Opinions on the new reporting detail will vary, but ultimately the verdict may lay in the hands of whoever eventually succeeds Ben Bernanke as Fed chairman.
This settlement is yet another demonstration of who wields power in America, and it isn't you and me. It's bad enough to see these negotiations come to their predictable, sorry outcome. It adds insult to injury to see some try to depict it as a win for long suffering, still abused homeowners.