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Has America Lost its Drive?

Yesterday, Karl Smith posted on Oil and the Structural Recession. This seems to be one of Karl’s thinking-out-loud posts, with more questions than answers, some convoluted reasoning, and a conclusion…

Piestein

…and constitutions, may be carried much farther than it hitherto has been, if men would sincerely, and with freedom of mind, employ all that industry and labour of thought, in…

Margaret Thatcher, Polarizing Right-Winger

…a certain sort of individual …: “upright, self-sufficient, energetic, adventurous, indepedent-minded, loyal to friends and robust against foes.” (quoting Shirley Letwin) … Today, bourgeois virtues like industry, competitiveness, ambition and…

FDIC reports earnings

http://www.nytimes.com/reuters/2013/02/26/business/26reuters-usa-fdic-earnings.html?src=busln&nl=business&emc=edit_dlbkpm_20130226&_r=0 The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. The…