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ELYRIA, Ohio — It was two years ago this summer—the week ending June 22, 2007—that the first intimations of economic crisis hit Wall Street. That week, rumors, and subsequently figures, began to fly regarding a pair of Bear Stearns hedge funds that were heavily invested in complicated debt products...
...there are other, less familiar historical moments that also have unmistakable resonance with the present. We've just finished living through a long Gilded Age, in which rich Americans got richer, and more and more people began consuming conspicuously. The original Gilded Age began a century earlier, in the 1870s, during a laissez-faire boom that lasted - déjà vu! - from the end of one Wall Street and banking meltdown (the Panic of 1873) to the beginning of another (the Panic...
...Islamic Republic excel in sowing doubt. Without transparency, and allowed unfettered access to my own imagination, I started to question everyone, including my own friends. Had one of them sold me out? Who could I trust? It was a path of suspicion that led unexpectedly to myself. I began to understand Rubashov in his cell, in Arthur Koestler's Darkness at Noon, a man driven by his own logic to accept and even defend the judgment of his tormentors. Maybe I deserved it, maybe I had it coming. Not yet accused, I was already guilty. I had convicted myself...
...Facebook I took on an alias worthy of an old-school rapper. Certain that every word was being monitored, I embarked on a crash course in Internet and PC security, schooling myself on the possibilities of deep-package inspection, VPNs and onion-routing. It was not long before I began to wonder at the online company that I was keeping. What was this world that I had entered? Who exactly, other than pedophiles, committed civil libertarians and the occasional serial killer, bothers with deep encryption...? (See pictures of the aftermath of Iran's turbulent election...
Hard-line rhetoric heated up soon after the trials began. "Today's confession has opened the way to dealing with the leaders of the unrest," Hamid Resaee, a conservative lawmaker, told the state news agency IRNA. "There is no longer any reason to tolerate or compromise." Hard-line cleric Elias Naderan was even more explicit: "Those within the inner circle who managed the unrest must be put on trial. We shouldn't chase after weak, second-class figures with no influence...