Word: secularism
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...Michael Grunwald's analysis of the sorry state of the Republican Party is the best of many I have read. But he assigns insufficient blame to the figurehead of the party for eight years, Bush, whose faith-based leadership alienated many who believe in secular government. His obstinacy in the face of evolving public opinion in favor of stem-cell research, equality for same-sex couples and women's reproductive rights underscored his failure to feel the pulse of modern America. Most of all, his my-way-or-the-highway foreign policy made the U.S. a global pariah. Bill Gottdenker...
...Super Sweet Sixteen, is shown in hotel rooms and via satellite dishes that are readily available throughout the country (though not officially permitted). Mai Yamani, a Saudi scholar who is the daughter of former Oil Minister Ahmed Zaki Yamani, describes an ongoing political tension within the government between more secular reformists and traditionalists, for which there is no clear resolution. "Abdullah's strategy is one of political appeasement," Yamani wrote in a recent article on the nation's political situation, "to make just enough concessions to appease Saudi Arabia's subordinated and disheartened peoples and relieve pressure for reform...
...What is likely to flourish? I am still very leery of the financials or anything remotely connected to U.S. consumer discretionary activity. I think that we are in a new paradigm of frugality that is widespread geographically and across income strata. It's not a cyclical theme but a secular theme. I want to be situated in areas of the market that don't have a lot of cyclicality in terms of consumer spending - or capital spending, for that matter. I favor staples stocks (food, beverage companies, etc.) over consumer discretionary stocks (retailers, travel, etc.). Also, look to the traditional...
...cyclical stocks, it's time for caution. I think homebuilding activity in the U.S. is in secular decline; I think U.S. consumer spending is in secular decline due to a shortage of income. The only part of personal income in the United States that's growing is government benefits, whether it's food stamps, welfare or unemployment insurance. But organic income is going down at a record rate, especially wages and salaries. (See how Americans are cutting back...
Part of this has to do with Obama, who came like a healing balm to soothe our collective hurt. Entering from stage left, the secular savior trounced a “maverick” opposition with his calming rhetoric and confident stoicism. His most celebrated campaign poster Photoshopped him down to a few clean strokes and the reassuring hues of red, white, and blue; beneath his portrait, in bold block letters, was inscribed a single word—“HOPE.” It was simple, but it was enough. That one word, transmitted across the nation from...