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THE GLOBAL IMBALANCES MYTH / THE WALL STREET JOURNAL OP EDITORIAL ( VERY HIGHLY RECOMMENDED READING )

20 hours ago ago from Gonzalo Raffo InfoNews

OPINION DECEMBER 22, 2009. The 'Global Imbalances' Myth By ZACHARY KARABELL As the economic crisis has eased in recent months, a questionable international consensus has emerged : The global economy needs to be rebalanced . "We cannot follow the same policies that led to such imbalanced growth ," President Barack Obama said during his Asia trip last month. European Central Bank head Jean-Claude Trichet declared in September that " ...

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The 'Global Imbalances' Myth

17 hours ago ago from Kingsway 24 Seven

Different countries have always played different roles in the world economy. As the economic crisis has eased in recent months, a questionable international consensus has emerged: The global economy needs to be rebalanced. We cannot follow the same policies that led to such imbalanced growth, President Barack Obama said during his Asia trip last month. European Central Bank head Jean-Claude Trichet declared in September that imbalances have ...

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In US, 80 pct believe in God, one third say He’s in control

17 hours ago ago from Paris News on Twitter

More than eight in 10 American adults believe in God but only three in 10 believe He controls what happens on Earth, and a mere one percent believe He is a She, a poll showed Tuesday. Not all of the 82 percent of Americans who told the Harris polling agency that they believe in God were unshakable in their belief: only 59 percent were absolutely certain there is a God, while 15 percent were somewhat certain, the survey showed. Link: In ...

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Freedom Over Fear

18 hours ago ago from In Two Cities

May, by the grace of God, still prevail in the Twenty-First Century It may turn out to be one of the most important facts of the 21st century that the American people - as exemplified by, but not limited to, the tea-party fighters – came down on the side of freedom over fear. I don't know if there is another people on the planet who would have had a similar impulse and judgment. It is , to use a word, exceptional (as in "American ...

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