Word: america
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...Both my middle-aged sense of history and hardwired American hopefulness make me more optimistic than pessimistic - but just barely - about the present reset. I suppose it wouldn't be a catastrophe if my children, when they reach middle age, are living in an America that has become a supersized Britain. But I'd prefer to think of them growing old in a country that's still unequivocally great and grand. And the choices we're making right now will determine the legacy we leave...
...Click here to purchase a copy of Reset: How This Crisis Can Restore Our Values and Renew America...
...does the future. Having been an adult for 30 years now, I find I have a pretty fair ability to imagine how American life will and won't change during the next 30. Thus my new book, Reset: How This Crisis Can Restore Our Values and Renew America, in which I explain how the recent meltdown was both inevitable and a long time coming, and how it amounts to one of our rare but regular national opportunities to give ourselves a sensible and sustainable makeover...
...idea of historical cycles can be reassuring: what comes down must go up. However, great nations can shrivel and empires do come to an end. And America in 2009 also looks as if it could rhyme, uncomfortably, with Great Britain circa 1909. A hundred years ago, the British were coming off a proud century as the most important nation on earth. But during the 30 years between the beginning of World War I and the end of World War II, the United States emerged as the unequivocal world leader, and Britain became an admirable also-ran. Applying that template...
...stimulus package includes spending to strengthen social safety nets and boost domestic consumption, such as subsidies for rural consumers to buy selected electronic goods. In an echo of America's wildly popular cash-for-clunkers car program, a new initiative grants consumers in four provinces and five cities 10% discounts if they trade old electronic goods for new ones. The amounts allocated have been criticized as piddling, but their inclusion in the stimulus spending indicates that China's planners recognize the importance of domestic consumption as a driver of growth, given the steep fall in demand for Chinese exports because...