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Are Voters Looking for an Isolationist? - Room for Debate
Mitt Romney wants more intervention abroad. Can another candidate court the voters who don't?I really dislike all of them. Pandering does not help. -
Bert Gold, Ph.D., FACMG
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
Then is not now.
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A Timely Debate of the U.S. Role in the World - Room for Debate
Whether the impetus comes from the Tea Party or progressives or a third-party candidate, the U.S. needs to come to grips with the geopolitical and economic changes that are reshaping the world.We are unavoidably deeply engaged with world affairs.The American Public needs to know it.We have been acting and continue to act. -
The Euro Widened the Culture Gap - Room for Debate
What the sinking euro tells us about the divide between 'Club Med' and Protestant Northern Europe.No.http://krugman.blogs.nytimes.com/2011/10/11/wise-words-on-europe/Wise Words On Europe
Kash Mansori has a very good piece on the eurozone crisis, making some points I’ve also tried to hit. Basically, he sees the peripheral countries mainly as victims of an overwhelming tide of cheap money from the core, who are now suffering whiplash when that inflow came to a sudden stop:
THE IMPLICATION IS that the very creation of the common currency area sowed the seeds for this crisis, not the behavior of the periphery countries. While these countries didn’t necessarily do everything right, they were playing against a stacked deck. But if the easy explanation for this crisis—namely, that it was due to the irresponsible behavior of the periphery countries—is not the right answer, then we need to reevaluate how it has been handled.
A small niggle: does nobody in the modern era understand the difference between principle and principal? Or, for that matter, between periphery and peripheral?
To start with, if the crisis is the result of inexorable forces beyond the control of the periphery countries, it’s not appropriate to wag fingers or punish those countries through the bitter medicine of insufficient assistance. This crisis should not be turned into a morality story.
But more importantly, since the periphery of the eurozone bore the bulk of the systemic risks inherent to the common currency area, while the benefits were shared by both the core and the periphery, it’s deeply unfair that the burden of solving the crisis has been placed so overwhelmingly on the periphery countries through the debilitating austerity measures demanded by the core countries. The core eurozone countries like France and Germany were in the driver’s seat when it came to setting up this system, and they were happy to take advantage of the common currency when it was to their benefit. They now need to recognize that the responsibility for fixing this mess should really rest largely with them.
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Occupy Wall Street Should Beware of the Old Guard - Room for Debate
This grassroots movement must avoid being co-opted by big, established organizations like unions and political lobbies.Think allies. This is ad hoch. The Occupiers are not centrally organized. -
An Old Source of Resentment - Room for Debate
It has long been understood that many whites see racial preferences for blacks as a source of resentment."I would not join any club that would have me as a member."Groucho Marx -
Voters Want Restrained Foreign Policy - Room for Debate
Americans want foreign policy to be more restrained. But any politician who reflected that sentiment would be called 'weak on security.'There are ways to engage with the world that are not military action. -
Focus on Europe's Long Term - Room for Debate
A double dip would be painful, but a prolonged period of slow growth afterward could be even worse.Europe is committed to an economic disaster. My only question is will the U.S. lead or follow into the fire? The fire is a certainty. -
Tired of Wars, Bracing for More - Room for Debate
Romney’s call for higher defense spending is a path to Reagan-Bush red ink: low taxes and huge deficits.The only stimulus that can pass the congress before the next election is military spending. Both military adventures and isolationism are wrong policies.
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Death and Life of Isolationism - Room for Debate
Mitt Romney is the front-runner because he is articulating the mainstream consensus. Few conservatives want retrenchment.There are other ways to engage with the world.Nothing makes headlines like a military adventure.I would prefer many fewer military headlines. -
naluca
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
The Euro has received a short stay of execution.http://www.calculatedriskblog.com/2011/10/europe-update-slovakia-clears-hurdle-on.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29http://www.calculatedriskblog.com/2011/10/europe-update-slovakia-clears-hurdle-on.html?utm_source=feedburner&utm_medium=feed&http://www.nytimes.com/2011/10/13/business/global/eu-set-to-tell-banks-to-garner-bigger-reserves.html
There is nothing here but words. No more money committed.
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Linda
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Flawed Bank Paperwork Aggravates a Foreclosure Crisis
“Flawed Bank Paperwork Aggravates a Foreclosure Crisis - http://nyti.ms/9ATkU6”It has not gotten better. We are just waiting while the legal departments get things straightened out. There is really no solution but foreclosure. There are nine hundred eighty odd banks in trouble still.
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glenn_mcgee
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7 Months, 10 Days in Captivity
“7 Months, 10 Days in Captivity -Held by the Taliban http://bit.ly/39cl8S”He escaped without physical damage.
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Karen Garcia
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No Mortgage Lenders in Jail, but a Borrower Lands There
The government did send someone to prison for actions related to the subprime mess. But not who you’d expect.Yes, it happened i Virginia.One must not tease law enforcement.If he had not been found guilty the investigator would have had to live with a blackened reputation.I really have no interest in Joe Nocera's reporting.
Charlie Engle should be getting out soon.
Virginia is light on disasters other than the people who live there.There was a nice solid earthquake recently. They could get hurricane flooding up to the fall line. The storm tracks are not terrible for them.I can deal with it.
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