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Book Review - 'Ayn Rand and the World She Made,' by Anne C.Heller - Review - NYTimes.com
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“Atlas Shrugged” was published 52 years ago, but in the Obama era, Rand’s angry message is more resonant than ever before. Sales of the book have reportedly spiked. At “tea parties” and other conservative protests, alongside the Obama-as-Joker signs, you will find placards reading “Atlas Shrugs” and “Ayn Rand Was Right.” Not long after the inauguration, as right-wing pundits like Glenn Beck were invoking Rand and issuing warnings of incipient socialism,
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Rand’s style of vehement individualism has never been universally popular among conservatives — back in 1957, Whittaker Chambers denounced the “wickedness” of “Atlas Shrugged” in National Review
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Dede Scozzafava, Republican, Quits House Race in Upstate New York - NYTimes.com
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Effective immediately, the R.N.C. will endorse and support the Conservative candidate in the race, Doug Hoffman,” the party’s national chairman, Michael Steele, said. “Doug’s campaign will receive the financial backing of the R.N.C. and get-out-the-vote efforts to defeat Bill Owens on Tuesday.”
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Ms. Scozzafava, a state assemblywoman and former small-town mayor, was nominated this summer by Republican county leaders who quickly found their choice second-guessed by the party’s conservative wing. Many officials in the district, a vast expanse from the Vermont border through the Adirondacks to Lake Ontario, were deeply resentful of the outside involvement.
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Digital Domain - Broadband Access, Yes, but Some Don’t Subscribe - NYTimes.com
"It also blithely overlooks the fact that the infrastructure is already in place to provide speeds of 3 to 10 Mbps to 94 percent of American households."
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No less than 96 percent of households either subscribe to or have access to broadband service, according to an F.C.C. task force, which presented a status report to the commission last month.
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The most interesting question here is the one that the F.C.C. can’t answer: Why have 33 percent of American households that have access to broadband elected not to subscribe? The reasons “are not well understood,” the report says. A survey focusing on the nonadopters is under way.
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Op-Ed Columnist - Misguided Monetary Mentalities - NYTimes.com
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What ideas am I talking about? The economic historian Peter Temin has argued that a key cause of the Depression was what he calls the “gold-standard mentality.” By this he means not just belief in the sacred importance of maintaining the gold value of one’s currency, but a set of associated attitudes: obsessive fear of inflation even in the face of deflation; opposition to easy credit, even when the economy desperately needs it, on the grounds that it would be somehow corrupting; assertions that even if the government can create jobs it shouldn’t, because this would only be an “artificial” recovery.
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The truth is that the falling dollar is good news. For one thing, it’s mainly the result of rising confidence: the dollar rose at the height of the financial crisis as panicked investors sought safe haven in America, and it’s falling again now that the fear is subsiding. And a lower dollar is good for U.S. exporters, helping us make the transition away from huge trade deficits to a more sustainable international position.
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Capitalism and financial crashes : The New Yorker
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This is essentially what happened in the lead-up to the Great Crunch. The trigger was, of course, the market for subprime-mortgage bonds—bonds backed by the monthly payments from pools of loans that had been made to poor and middle-income home buyers. In August, 2007, with house prices falling and mortgage delinquencies rising, the market for subprime securities froze
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a figure dwarfed by nearly twelve trillion dollars in total outstanding mortgages, not to mention the eighteen-trillion-dollar value of the stock market.
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Op-Ed Columnist - The Wizard of Beck - NYTimes.com
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The rise of Beck, Hannity, Bill O’Reilly and the rest has correlated almost perfectly with the decline of the G.O.P.
Op-Ed Columnist - Where Did ‘We’ Go? - NYTimes.com
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The American political system was, as the saying goes, “designed by geniuses so it could be run by idiots.” But a cocktail of political and technological trends have converged in the last decade that are making it possible for the idiots of all political stripes to overwhelm and paralyze the genius of our system.
Those factors are: the wild excess of money in politics; the gerrymandering of political districts, making them permanently Republican or Democratic and erasing the political middle; a 24/7 cable news cycle that makes all politics a daily battle of tactics that overwhelm strategic thinking; and a blogosphere that at its best enriches our debates, adding new checks on the establishment, and at its worst coarsens our debates to a whole new level, giving a new power to anonymous slanderers to send lies around the world. Finally, on top of it all, we now have a permanent presidential campaign that encourages all partisanship, all the time among our leading politicians.
The Anarchy of Success - The New York Review of Books
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"heterodox" capitalism, which includes such features as government promotion of favored industries, state-owned enterprises, and heavy regulation of foreign direct investment.
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Let's first give Chang credit for his exposé of the dogmatic cheerleaders for free trade as a prerequisite for growth. According to Chang the worst offender in this group is the New York Times columnist Thomas Friedman, who in his best-selling book The Lexus and the Olive Tree identified a "Golden Straitjacket" of conditions that were allegedly necessary for a country to escape poverty: privatization, small government, free trade, deregulation, etc. Chang correctly ridicules Friedman for statements like "Unfortunately, this Golden Straitjacket is pretty much 'one-size fits all.' ...It is not always pretty or gentle or comfortable. But it's here and it's the only model on the rack this historical season." These statements have no basis in any body of evidence, since we have just seen that economists have had no success in finding a surefire path to success.
Conservatives: The Tanenhaus Taxonomy - The New York Review of Books
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This is a matter of more than sheer law-abidingness with him. He sees two types of what is called conservatism at work. "Movement conservatism" is revanchist—issuing, for example, an "urgent call 'to take back the culture'"—and revolutionary (or counterrevolutionary), in wanting untrammeled executive power when its candidates are in office. It prizes ideological purity above accommodation, even when that means fighting the government from within the government. This movement is mislabeled conservative. It does not preserve the given order, changing it to make it work better. That is the work of "true conservatives" like Edmund Burke and Benjamin Disraeli, who actually conserve instead of overthrowing.
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Buckley, who admired Chambers's witness against communism, tried with all his lures and charms to recruit him as an editor of National Review when it began in 1955. But Chambers thought Senator Joseph McCarthy, whom the magazine championed, would doom Republicans. Besides, he was loyal to his ally in the Hiss case, Richard Nixon, and to Nixon's meal ticket Dwight Eisenhower, while the magazine opposed them both as impure compromisers. (In 1956, only one National Review editor, James Burnham, endorsed Eisenhower for reelection.)
Thomas Frank: The Left Should Reclaim 'Freedom' - WSJ.com
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FreedomWorks, the grass-roots pressure group, prepared a video for the occasion which encouraged people to believe that the administration's many policy "czars" revealed its kinship to the Russian autocracy of old.
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"Freedom from Want," an illustration of one of Franklin Roosevelt's "Four Freedoms." Strange though it might sound, this is a form of freedom that pretty much requires government to get involved in the economy in order to "secure to every nation," as Roosevelt put it, "a healthy peacetime life for its inhabitants." The idea is still enshrined today in the United Nations' Universal Declaration of Human Rights.
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