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How We Became Like All the Other Nations Yes, once upon a time there really was an American exceptionalism. America was a light unto the world. This exceptionalism was a long way from perfect, of course (looking for perfection in a mass of humans is silly), but it was legitimate and substantial. Alas, that was long ago. People who say that American exceptionalism still exists don’t understand what it ...Read full article...
The government in Madrid officially calls for bailout, but refrains from calling it so. By IAN TRAYNOR | UK GUARDIAN | JUNE 7, 2012 Spain is warning that Europe‘s single currency will unravel unless its leaders decide within weeks to centralise budget and tax policies in the eurozone and agree on a strategy to pool responsibility for failing banks. As Spain’s prime minister, Mariano Rajoy, came under mounting international pressure to accept ...Read full article...
DAILY BELL | MARCH 21, 2012 The meltdown explanation that melts away … Although our understanding of what instigated the 2008 global financial crisis remains at best incomplete, there are a few widely agreed upon contributing factors. One of them is a 2004 rule change by the U.S. Securities and Exchange Commission that allowed investment banks to load up on leverage. This disastrous decision has been cited by a ...Read full article...