Three Things About Our Economy Most Americans Already Know

Three significant events are going to take place in America in the next 18 months. We will increase our nation’s debt ceiling, despite all the political showboating. We will not have a meaningful amount of new jobs created in the U.S., even if we were to cut the corporate tax rate to zero. And the mortgage crisis will continue to suppress the number of new housing starts that are crucial to any sustainable economic recovery.

These are the macro economic bulwarks upon which much of our domestic economy revolves, yet our media continue to spotlight bombastic “guessperts”, disingenuous panelists, dogmatic politicians and even erstwhile presidential candidates, all of whom insist on ignoring these realities in favor of their pet “pie in the sky” policy solutions.

The political sausage making of the Obama Administration has been going on for two years now, and some of those who gave their all for his candidacy back in 2008 cannot believe what they see going into the casing as President Obama gets down to the cold, hard business of governing and playing politics.  

Of all the politicians in Washington who claim to be fighting for “the American people” through their various special interest groups and caucuses, Senator Bernie Sanders from Vermont is probably the one who consistently advocates primarily for the betterment of the average American citizen’s social, physical and economic well being. The mini-manifesto this senator’s office released this week, a ten thousand word address to President Obama, aimed directly at what Senator Sanders says is the Obama Administration’s failure to “stand with the American people and say to the Republican leadership that enough is enough.”  

Could Senator Sanders be right? Or is his prescription for economic recovery just another one of the same old “pie in the sky” scenarios that conveniently ignores the ideological standoff between a Republican controlled House of Representatives and a Democratic majority in the Senate?

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For a long time, the West shaped the world. That time is over.

The 21st century is experiencing an Asianization of politics, business, and culture.

  • Our theories about the world, even about history or the geopolitics of the present, tend to be shaped by Anglo perspectives of the Western industrial democracies, particularly those in the United States and the United Kingdom.
  • The West, however, is not united. Canada, for instance, acts in many ways that are not in line with American or British policies, particularly in regard to populism. Even if it were united, though, it would not represent most of the world's population.
  • European ideas, such as parliamentary democracy and civil service, spread across the world in the 19th century. In the 20th century, American values such as entrepreneurialism went global. In the 21st century, however, what we're seeing now is an Asianization — an Asian confidence that they can determine their own political systems, their own models, and adapt to their own circumstances.
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Vikings unwittingly made their swords stronger by trying to imbue them with spirits

They didn't know it, but the rituals of Iron Age Scandinavians turned their iron into steel.

Culture & Religion
  • Iron Age Scandinavians only had access to poor quality iron, which put them at a tactical disadvantage against their neighbors.
  • To strengthen their swords, smiths used the bones of their dead ancestors and animals, hoping to transfer the spirit into their blades.
  • They couldn't have known that in so doing, they actually were forging a rudimentary form of steel.
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Why the ocean you know and love won’t exist in 50 years

Can sensitive coral reefs survive another human generation?

  • Coral reefs may not be able to survive another human decade because of the environmental stress we have placed on them, says author David Wallace-Wells. He posits that without meaningful changes to policies, the trend of them dying out, even in light of recent advances, will continue.
  • The World Wildlife Fund says that 60 percent of all vertebrate mammals have died since just 1970. On top of this, recent studies suggest that insect populations may have fallen by as much as 75 percent over the last few decades.
  • If it were not for our oceans, the planet would probably be already several degrees warmer than it is today due to the emissions we've expelled into the atmosphere.
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