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...Calculated Risk (11,057 links) is among the most thoughtful and thorough financial commentary on the internet. Period. Tears apart poor economic assumptions. Gets to the heart of the elements that move the economy and markets. Big focus on housing and economic analysis...
...progressive Presidents since Wilson: collective security, the idea that ultimately America's security and prosperity are bound up with the security and prosperity of people across the globe. A collective-security agenda would start with global warming, the ultimate we're-all-in-it-together planetary threat. It might move from there to international financial regulation, so countries can better work together to keep world capitalism from running off the rails. Next might be a new nuclear compact, in which the current nuclear powers begin to disarm while wannabes agree to tighter inspections in return for better access to civilian...
...speech was not defiant or angry, or celebratory, for that matter. It was resolute, suffused with sobriety, reflecting a tough-minded realism at home and abroad. Obama made clear that his domestic liberalism would be enacted conservatively. Where government programs can help, he said, "we intend to move forward." If they are useless or outdated, "programs will end. And those of us who manage the public's dollars will be held to account - to spend wisely, reform bad habits and do our business in the light of day." Overseas, he warned, "those who seek to advance their aims by inducing...
...tone and style of his move to power, Obama has shown the world - and the people living in Sarah Palin's small-town America, and even many liberals who had lost hope over time - a new, gloriously unexpected and vibrant face of our country. The sheer fun of the Inauguration, the world-record number of interracial hugs and kisses, augurs a new heterodox cultural energy, a nation - as the man said - of mutts. Already the Obama ethos is slipping into the nation's cultural bloodstream - not just the interraciality but also the mind-blowing normality of the family: the fact...
...Move in Style Mark Luscombe, principal tax analyst at CCH, a company based in Riverwoods, Ill., that provides tax information and software to accountants, points out that if you have to relocate because of your job, you can deduct a portion of your move. To qualify, your new commute would have to be 50 miles longer than it would be if you stayed in your current home. Since Geithner's place of work may be changing from lower Manhattan to Washington, he qualifies. And unlike the job-search deduction, moving expenses are not subject...