Thursday January 29, 2015
January 29th, 2015
Poor President Obama. Did you catch his State of the Union address? How embarrassing. Somebody forgot to tell him he's a lame duck.
The United States and Europe have a lot in common. Both are multicultural and democratic; both are immensely wealthy; both possess currencies with global reach. Both, unfortunately, experienced giant housing and credit bubbles between 2000 and 2007, and suffered painful slumps when the bubbles burst.
Google Glass has entered the annals of spectacular product failures. Many bright ideas have foundered on the shoals of consumer rejection. The Product Failure Hall of Fame is too small to contain them all. But a few fall from such enormous heights of hype and hope that they deserve special recognition as awesome.
Will she or won't she? She will. And by the time she does, she will have raised more money than any primary contender in history. Just a guess.
Since the end of the 1970s, something has gone profoundly wrong in America.
Inequality has soared. Educational progress slowed. Incarceration rates quintupled. Family breakdown accelerated. Median household income stagnated.
Many of the tax proposals in the White House plan released this week make good sense -- and you don't need to be a liberal to think so. President Barack Obama could easily have pitched them in a way that appealed to fiscal conservatives. He pitched them, instead, in a way that can only have been calculated to offend the opposition.
Whatever happens over the next two years, you can bet that 22nd century school children will know more about President Barack Obama than kids learn today about, say, Calvin Coolidge. He made history just by being the first non-white man to occupy the White House.
What else will tomorrow’s kids learn about Obama?
For a guy who watches maybe 250 ballgames a year, I've always taken an interest in what was once called the women's page. After studying the sports section every morning, it's the next thing I turn to.
Have you ever wondered what inequality costs the average American family?
That is, what price do we pay — in actual dollars and cents — for tolerating an economy fixated on pumping our treasure to the top?
That question has no simple answer.