Word: nationalism
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...weeks ago in midtown Manhattan, time stood still - literally. After the country's debt surpassed $10 trillion, the marquee-sized debt clock in Times Square, which has kept a running tally of the U.S. national debt for nearly 20 years, ran out of digits. For a nation already struggling with a bleak economic reality, it was a less-than-reassuring display. Several news organizations quipped about such a literal "sign of the times," while the satiricial newspaper The Onion offered its own brand of gallows humor: "If everyone just donated one dollar, we would have enough money...
...short, we just can’t quit him. I believe this has something to do with America’s historical insecurity as a relatively “new” nation lacking the historical muscle of the Old World. We have built up this mythical personage of Columbus as the embodiment of our American values of perseverance and ingenuity. Every country must have its creation myths, of course. Many of them are untrue. But most countries recognize them for what they are: cultural embroidery, not historical fact. For modern Americans to believe that Columbus was a hero...
...discover. That a place cannot be discovered when people are already living there. That Columbus was responsible for the death of an estimated 8 million Indians in the Caribbean alone. Though we may be ashamed of it, though it may frighten us, it does a disservice to the nation as a whole to conceal the truth, be it out of egotism or ambivalence...
...Schieffer, the nearly 40-year CBS news anchor and host of the network's Sunday-morning public affairs show, Face the Nation, will moderate the third and final debate between presidential candidates John McCain and Barack Obama on Oct. 15. The matchup between the two senators will focus on domestic and economic issues, areas particularly relevant to Schieffer's experience - his being one of the few journalistic careers that has covered the Pentagon, Congress, the U.S. State Department and the White House...
...current credit crisis gripping Wall Street and the nation, Schieffer says: "This is not the work of those who broke the law. It is the work of those operating within the law, those who pushed the law to the limit making loans the law allowed but, common sense dictated, should not have been made. ... deregulation has become all the rage ... if we somehow get past this, we must get serious about laws that ensure it never happens again...