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...pays interest. This is like you or me borrowing to cover a shortfall or buy a house, with a crucial difference: countries are, in theory at least, immortal. They can keep rolling over their debts indefinitely. The U.S., with its centuries-long record of solid credit and steady growth plus its special status as the issuer of the world's favorite currency, has seldom had trouble rolling over its debts. (See 25 people to blame for the financial crisis...
...This week, in Santa Fe, marks the official launch of this tortoise-beats-the-hare economic model. While Slow Money Institutes-forums for building regional stakeholder networks - have taken place in Grafton, Vt, Point Reyes, Calif., Bellingham, Wash., and Madison, Wis., this gathering brought together 300-plus participants representing at least four countries drawn from investment, philanthropic, academic and entrepreneurial circles...
...what was missing: “There’s no hemp plus granola. That kinda makes me sad, but you gotta appreciate what you have...
Finally, no more need to remember the "sboy boy qua" (or what have you) sequence. Easily spoken directions are a big plus...
...health-reform celebrity. "Even as I'm living this, it seems like there's another Wendell Potter out there and I'm somehow observing this," he says. "I was in Oregon [at a rally] and I heard someone whisper, 'There's Wendell Potter.' That was a very odd thing." Plus, his decision to go public has come at a cost - mostly in the form of friendships with former colleagues. "They're not people I go out and have a beer with these days, that's for sure. But I'm not saying I've lost them as friends forever," says...