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...martial-arts master - and just from the synopsis, I'm on board with Chandni Chowk to China. For, as any video nerd-historian will tell you, the two most exciting foreign movie industries of the past few decades have been Hong Kong and India. While European filmmakers went inwardly minimalist, those teeming Asian cinemas generated robust entertainment of pinwheeling action and violence (Hong Kong) and unabashed sentiment and music (Bollywood). Different in temperament, but alike in their vigor and brio, they were both exotic and oddly familiar to their American admirers. We realized that the radiant assurance of old-Hollywood...
...that is coming about what should happen to the $350 billion left in the TARP. Most legislators do not seem to be happy about how Treasury Secretary Henry Paulson spent the first $350 billion. Too much of it got invested in banks and car companies. Not enough went to help mortgage holders...
...Everything went perfectly. Everything, except for one detail: the matter of President Bill Clinton's charitable endeavors, including the William J. Clinton Foundation and the Clinton Global Initiative, and the danger that they might taint Hillary Clinton's role as Secretary of State. The foundation, according to its public disclosure documents, aims to promote "the values of fairness and opportunity for all" as well as "health security, economic empowerment, leadership development, citizen service, and racial, ethnic and religious reconciliation." Clinton described her husband's Global Initiative, part of his foundation, as a "pass-through" that funnels money from wealthy donors...
Those days in Tokyo underpin Geithner's current worldview. Remember: Japan went from boom to bust because a credit-fueled housing bubble burst. Sound familiar? The result was Japan's infamous Lost Decade of little to no economic growth. And it was, in part, the withdrawal of Japanese capital from the region that helped set off the Asian crisis in 1997 and '98 - when countries from Thailand to Russia to Indonesia to South Korea devalued their currencies and saw their economies crash. The lesson for Geithner was clear. "From my time in Japan and then dealing with the crisis...
...Last week I went to Philadelphia," comedian W.C. Fields once said, "but it was closed." Formerly America's capital and its largest city, Philadelphia lost much of its population and influence over the centuries. But it's open now. As America gets ready for Barack Obama's inauguration, anyone looking for a dose of U.S. history and culture would do well to skip Washington D.C. and head to the City of Brotherly Love...