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...emerging markets. This march started in 1994 with the Plano Real, the monetary stabilization plan that ended Brazil’s inflation crisis as rates breached 2000 percent annually. Fernando Henrique Cardoso, the Finance Minister responsible for this plan, was elected president twice (1994-2002) and started a new era of commitment to responsible economic policy...

Author: By Flavio S. Campos | Title: BRIC Starts with B | 12/9/2008 | See Source »

...school of public service named for Rangel at City College of New York (CCNY). Now the doubts surrounding Rangel have grown to the point that House Speaker Nancy Pelosi is worried they will linger past Barack Obama's inauguration and into the dawn of the new Democratic era. She issued a statement the day before Thanksgiving saying she expects the House Ethics Committee to complete its initial inquiry into Rangel - an investigation that the chairman called for himself...

Author: /time Magazine | Title: Rangel's Troubles Create a Problem for the Democrats | 12/9/2008 | See Source »

...that took everything away from me gave it all back to me,” Bright said. A RISE IN INCARCERATIONSociology professor Bruce Western said that the spike in incarceration rates has occurred over the last 20 years. “We’re living now in an era of mass incarceration, and this era has produced a generation of enduringly disadvantaged young African American men,” he said. “The growth of the penal system more broadly has expanded the extent of wrongful conviction and of unwarranted racial disparity.” Western attributed...

Author: By Teresa M. Cotsirilos, CONTRIBUTING WRITER | Title: Exonerated Prisoners Recall Injustice Behind Bars | 12/8/2008 | See Source »

...David Brooks, in a recent well-circulated column, gushed about the “valedictocracy” that the President-elect has established by selecting an almost exclusively well-credentialed cabinet and senior staff. Enumerating the impressive almae matres of these Obama appointments, Brooks imagined a new era of government in which its chief stewards do not come from the “insular coterie of lifelong aides who depend upon [the president] for their well-being,” but are putatively the best and brightest America has to offer—and have the Ivy League pedigrees...

Author: By Christopher B. Lacaria | Title: Rule of the Wise | 12/8/2008 | See Source »

...least, as it considers itself—is in fact a meritocracy, since the contemporary arbiters of prestige—the elite universities—are open to anyone with a record of high achievement. Obama, eschewing party hacks and otherwise unenlightened loyalists, has issued in a new era of American meritocracy—where SAT scores and not cronyism will figure most decisively...

Author: By Christopher B. Lacaria | Title: Rule of the Wise | 12/8/2008 | See Source »

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