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The Glittering Eye
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This morning Nicholas Kristof puts those who oppose the sham of a healthcare bill makes its way through the Congress on the wrong side of history: It’s now broadly apparent that those who opposed Social Security in 1935 and Medicare in 1965 were wrong in their fears and tried to obstruct a historical tide. This year, the fate of health care will come down to a handful of members of Congress, inclu...
11-20
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The Glittering Eye
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Tom Friedman divides the world into two kinds of people:clean-energy hawks like himself who believe that there are magical energy sources out there somewhere that: are controlled by us and only go down in price as demand increasesand global warming denialists who:believe the world is going to face a mass plague, like the Black Death, that will wipe out 2.5 billion people sometime between now and 2...
11-19
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The Glittering Eye
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Paul Krugman raises the spectre of a Japanese-style lost decade for the United States: Brad DeLong says that the loss of public trust due to the kid-gloves treatment of bankers has raised the probability of another Great Depression, because the public won’t support another round of bailouts even if it becomes desperately necessary. I agree — but I think the bigger cost is that we’ve greatly increa...
11-19
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The Glittering Eye
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Tyler Cowen proposes a fourteen point healthcare reform as an alternative to the version of healthcare reform making its way through the Congress.Tyler explains his objective as not to outline the perfect healthcare reform plan but to lay out a few things that would be better than the reforms making their way through the Congress but still possibly within the realm of the politically possible: The...
11-18
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The Glittering Eye
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According to an audit report from Office of the Special Inspector General of the Troubled Assets Relief Program (SIGTARP), the New York Federal Reserve Bank bungled its negotiations with various New York banks and the insurance companies A. I. G. in fall of last year: The banks and the regulator were confident that the New York Fed was not willing to push A.I.G. into bankruptcy, because earlier in...
11-18
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