“The only thing we have to fear is fear itself…”

Now that we have plunged back the swamp of fear, propelled by the fizzling underpants bomber, let’s take a quick rewind to Franklin. D. Roosevelt’s inaugural Continue reading

Will a new “American Dream” emerge from the current recession?

The number of newly laid-off workers filing claims for jobless benefits rose more than expected last week, after falling in five of the past six weeks, as employers remain reluctant to hire even with the economy showing signs of recovery.  (MSNBC Oct. 22, 2009)

Consumer spending stayed soft, as jobs remained hard to come by for the nation’s 15 million unemployed … in large part because companies aren’t hiring. (Wall Street Journal Oct. 22, 2009)

Yesterday, Harvard history professor Niall Ferguson predicted the decline of the American Empire. Basing his analysis on the fact that “America today is similar to the Spanish Empire in the 17th century and Britain’s in the 20thcentury”, Ferguson believes that the US is caught in a Continue reading