Live well. Love deep. Tomorrow, we die.
It is a set of policies formulated between 15th and 19th streets by the U. S. Treasury, and World Bank. Countries should focus on stabilization, liberalization, privatization.
Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.
The momentum today behind the idea of a new global reserve currency reflects, in effect, the rise of the rest in world politics and economics, led by China.
The powershift began already several years ago, under the Bush administration, when the dollar became very volatile and started declining. That is when China shifted from having almost 100 percent of its reserves in dollars to 75 percent. Some countries went completely out of the dollar. The dollar, for all intents and purposes, lost its special reserve status and people starting talking about a portfolio, or basket, approach as a store of wealth instead of the dollar.
Policies seemed almost deliberately designed to suppress new enterprise and job creation. How many Americans will start a business if the interest rates are 150 percent?
China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.
The triumph of morality: A thief who has broken into a bedroom claims his sense of shame had been outraged, and by threatening theoccupants with exposure of an immoral act he blackmails them into not bringing charges for burglary.
On those occasions when he had killed in the dark, he later needed to see his victims' faces because, in some unlit corner of his heart, he half expected to find his own face looking up at him, ice-white and dead-eyed. "Deep down," the dream-victim had said, "You know that you're already dead yourself, burnt out inside. You realize that you have far more in common with your victims after you've killed them than before.
John Kerry described his Republican critics as 'the most crooked, lying group I've ever seen. ' Now, that's saying something, because Kerry's both a lawyer and a politician.
There is an enormous amount of interest in raw and organic foods, but more recently it is superfoods. People want to know more about chia seeds, mocha, raw chocolate and cocoa, and what they can do for you.