How to Strike Back Against the One Percent
Posted in Main Blog (All Posts) on November 5th, 2011 4:31 am by HL
How to Strike Back Against the One Percent
Robert Reich, Huffington Post
John Maynard Potemkin
Robert Tracinski, RealClearMarkets
For a while, there has been a strain of center-left American commentary that has viewed China's leaders as some kind of technocratic super-geniuses who have done a much better job of guiding their society than the loons and hacks who would actually, you know, be voted for. Call this the Tom Friedman school of thought.In reality, China's leaders have a tendency to fall for a lot of the same economic fads that fascinate the Western center-left elites. Thus, the Chinese have been suckered into investing untold billions in high-speed rail and “green energy,” endeavors that are…
Jackie Kennedy: Widow of Opportunity
Christopher Hitchens, Vanity Fair
If you were to set a competition for the headline most unlikely to appear in an American magazine, the winning entry would surely be jackie tacky or tacky jackie. In her life and even posthumously, it always somehow fell to Jackie Kennedy to raise the tone. An exacting task in her case, and exquisitely so when one appreciates that she had to raise the tone without ever actually admitting that the tone could use a bit of raising. But it was always implicitly acknowledged that a dash of Bouvier was needed, like a tincture of yeast in the lump, to refine the rather coarse mixture of The Last…
Palin: Occupy Protesters Seeking a Bailout
Brendan Farrington, AP
LAKE BUENA VISTA, Fla. (AP) "”Sarah Palin told Republican donors Thursday that Occupy Wall Street protesters want the same thing as the “fat cats” they're upset with – a government bailout.Palin criticized the protesters as believing they're entitled to other people's productivity and money and said they've drawn the wrong conclusions. Instead, the former Alaska governor said people should look to the tea party.”They say 'Wall Street fat cats got a bailout so now I want one too.' And the correct answer is no one is entitled to a…
The World Economy Is Adrift
Robert Samuelson, Newsweek
WASHINGTON — There was something fitting about Greek Prime Minister George Papandreou's reckless call for a referendum on the latest rescue package for his country. World leaders gathering in Cannes for a G-20 summit face stark realities. The global economy is faltering, and no country has assumed leadership in organizing recovery. There is a loss of control, a vacuum of power. Papandreou's disruptive decision — now apparently withdrawn — symbolizes this larger erosion of collective purpose. The world economy is adrift.We are moving from Globalization 1.0 to Globalization 2.0. In…