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...economic powers due to take place in Pittsburgh, Pa., on Sept. 24-25. Diplomats and analysts say that a growing convergence among nations on the technical details surrounding greater industry oversight may paper over a divisive philosophical gulf. The U.S. and Britain, with their instinctive support and dependence on free-market finance, are increasingly at odds with France and Germany, who are more skeptical about the benefits of unfettered capitalism and hope to win votes at home by controlling its excesses. But even among native English speakers, there's an intriguing debate taking place about the limits of finance, spearheaded...
...this is simply academic theorizing. One year on, public fury about the massive banking bailouts continues to drive calls for greater oversight and regulation. Much of the outrage is directed at bankers who earned huge bonuses by taking outsized risks with complex financial instruments, only to walk away scot-free when their bets went awry, plunging the world into crisis. Bonuses are just one aspect of the larger issue of moral hazard that has been raised over the past year, as governments and central banks have spent tens of billions of dollars of taxpayers' money to rescue financial institutions whose...
Barack Obama: The inescapable president. From Good Morning America to televised town-hall meetings, ESPN to Men's Health, the leader of the free world misses few chances for free publicity. In his first six months in office, Obama gave three times as many interviews as either of his two immediate predecessors, according to the White House Transition Project. He's already held more prime-time news conferences than George W. Bush did in eight years...
...national parks - and The National Parks - are based on ideas that are classically, if not radically, communitarian: That the free market doesn't always act in the public interest. That it's good that every American shares ownership of and responsibility for the most exclusive properties in the country. And that it is right for people - through government - to protect them from business interests and even from the people themselves (like the early visitors who shot game and scratched their names on ancient rocks). A series on a public-TV network that calls a government program America's best idea...
...Free Trade...