Word: fixing
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...ADDICTION For those who crave strange and unusual designer items, Addiction (15 Gough Street) is an ideal fix. Showcasing up-and-coming designers from around the world, it purveys the kind of quirky creations you never knew you wanted, or needed, until it was too late. Look out for things like hand-knitted "creature" toys, ceramic-pigeon lamps or plaster-cast wall hooks fashioned in the shape of disarmingly expressive hands...
...Deferral of responsibility. Our power grid needs an upgrade and our bridges are falling down because we have not mustered the political and popular willpower to fix them. New Orleans drowned because authorities failed to act before Katrina busted the inadequate levees. (See pictures of a New Orleans neighborhood...
...roads, highways, bridges and dams into good shape. Sure, the engineers are looking for work but know that the U.S. spends only 2.4% of its GDP on infrastructure, as opposed to 5% in Europe and 9% in China. Here again, why should a politician spend money today to fix something that won't collapse until tomorrow? Especially if he or she could get re-elected by cutting taxes instead...
...fix Wall Street? By facing the music now. Toughen up borrowing requirements by banks. Increase oversight, especially when it comes to regulating derivatives. Perhaps enact a 21st century version of Glass-Steagall. And don't allow any institution to become too big to fail. Does that mean some countries may get ahead of us in terms of financial innovation? Sure, but so what? For much of this decade, both England and Iceland were considered friendlier to capital markets than the U.S. England is now threadbare; Iceland is bankrupt...
...particularly to the government-run health care plan that would be among the options available to the uninsured. "We have a health care system that has real troubles, but we have an economic system that is in real crisis," Lieberman said Sunday on NBC. "I don't want to fix the problems in our health care system in a way that creates more of an economic crisis...