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Another, less hopeful possibility that gets discussed a lot is the decade-plus malaise Japan fell into in the 1990s after financial and real estate bubbles collapsed there. Then there's the less well known but more encouraging Scandinavian experience of the early 1990s. Sweden in particular is now held up as the model for how to restructure a busted financial system. How did that work out for the Swedish economy? It shrank for three years running, from 1991 through 1993 - ending up 4% smaller before it began growing again...
...fact that Washington teachers didn't even want to choose between merit pay, based on performance, plus losing a year of tenure, and a standard smaller raise on an annual basis exposes the core issue regarding our failed public-school system. The vast majority of public-school teachers (as represented by their union) are willing to accept below-proficiency pay in return for job security because they are painfully aware of their collective ineptitude. When tenure is eliminated and teachers can make up to $130,000 per year for extraordinary performance, educators like me may be encouraged to (re)join...
...recognize that Klein leans a bit to the left, his column shows a stunning lack of perception. To paraphrase a political line from the past, "It's the security of the people, stupid." This President, like all Presidents, has his faults, but the economic results of a decade-plus of putting people into homes everyone knew they could not afford--and then having the whole house of cards fall--is not as much his fault as it is his responsibility, because of the timing of the event. Klein can and should do better. L.E. Dura, FENTON, MICH...
...only downside is the narrow pop-up mouthpiece with a loop-less, removable cap that, much like the ubiquitous commercial water bottle, requires you to use two hands - one for the cap, the other for the bottle - to drink. Price: $6.95 (0.5 liter); $7.95 (1 liter); $9.95 (2-plus liters...
...dents are marks of a seasoned traveler, the clerk assured me - with a mouth wide enough to allow ice cubes, but narrow enough to sip without spillage (sports caps are available too), the Klean Kanteen 27-ounce stainless steel bottle kept ice water cold for a two-hour-plus flight. The Kanteen comes in four other sizes, including a 12-ounce "Sippy" for babies, and seven hues - in plain gray steel for us minimalists, and enameled exteriors in vivid, solid colors like Ocean Blue and Orange Sunset. Like the Sigg and the Camelbak, the Kanteen fits easily into...