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Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the fourth of five pieces to appear on TIME.com, he argues that open borders and innovative immigration policy are critical to America's rebound...
...Ninety percent, he told me. I literally gasped. And such numbers are not unique to agriculture or to California. Just as we are now dependent on cheap credit and cheap manufactured goods from China, we really can't afford to say no to cheap laborers from Mexico and Central America, and we need to admit that truth and make the system for absorbing them rational. At the upper end of the scale, it's crazily self-defeating for us to set arbitrary and entirely politicized limits on the visas we grant to skilled foreign workers, such as software engineers...
...Click here to purchase a copy of Reset: How This Crisis Can Restore Our Values and Renew America...
Regulatory reform has been a relatively low-profile issue for the Administration, compared with health care, the stimulus bill and cap-and-trade legislation. But substantively, Obama and Geithner's proposal has the potential to dramatically change the way America does business. The two men have proposed creating a consumer-financial-protection agency that would have broad power to police financial firms by, for instance, ensuring they are complying with rules protecting consumers from things like predatory lending and deceptive practices. Geithner also wants to consolidate the work of some of the regulators, in particular giving broad new authority...
Leave the coasts behind: America's hottest new dining destination lies smack in the heartland. Here are three of our favorite places in Chicago's chic and creative restaurant scene...