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...hour cable news, blogs and reality TV that chronicle and reflect this unsavory maw. The rise of all manner of new media and the lack of barriers to criticism from the blogosphere seemed to intensify every scandal and left very few public figures unsullied. Sure, some amazingly great things happened this decade, from the stunning rise of China to Apple's dazzling array of new products to the feats of sprinter Usain Bolt to our nation rallying (at least temporarily) around its first African-American President. But all that seems more like counterpoint rather than the main act. (See pictures...
...economic narcissism was certainly the culprit in the devastation wrought by financial markets, which have subjected us to an increasingly frequent series of crashes, frauds and recessions. To a great degree, this was brought about by a lethal combination of irresponsible deregulation and accommodating monetary policies instituted by the Federal Reserve. Bankers and financial engineers had an unsupervised free-market free-for-all just as the increased complexity of financial products - e.g., derivatives - screamed out for greater regulation or at least supervision. Enron, for instance, was a bastard child of a deregulated utilities industry and a mind-bending financial alchemy...
...development in that region." In New Delhi, this was read as a sign of U.S. acceptance of China viewing South Asia - India's neighborhood - as part of its own sphere of influence. Chellaney saw the statement as a "return to a kind of Cold War thinking where two great powers can dictate terms to a lesser one." China's long-standing border disputes with India, and its building up of the Pakistani military, makes many in New Delhi reluctant to welcome Beijing as a benign presence. Indeed, some fear India is being encircled by Chinese listening posts and bases around...
...look upon our relationship with the United States in the wider prospect. India is a country of great potential, and also in the same way we feel that our relationship with the United States does not have to be a hyphenated relationship between India and Pakistan." - Answering a question on how U.S.-Pakistan relations affect India's relationship with the U.S. (Charlie Rose, Sept...
...really like Prime Minister Manmohan Singh. The Prime Minister is a wise leader." - George W. Bush, former U.S. President, complimenting Singh the day after he called Bush a "great friend of India" (Press Trust of India...