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anonymous

Op-Ed Columnist - Downhill With the G.O.P. - NYTimes.com - 0 views

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    "For these days one of America's two great political parties routinely makes equally nonsensical promises. Never mind the war on terror, the party's main concern seems to be the war on arithmetic. On Thursday, House Republicans released their "Pledge to America," supposedly outlining their policy agenda. In essence, what they say is, "Deficits are a terrible thing. Let's make them much bigger." The document repeatedly condemns federal debt - 16 times, by my count. But the main substantive policy proposal is to make the Bush tax cuts permanent, which independent estimates say would add about $3.7 trillion to the debt over the next decade - about $700 billion more than the Obama administration's tax proposals. "
anonymous

The Great Deflation - Japan Goes From Dynamic to Disheartened - NYTimes.com - 0 views

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    "Now, as the United States and other Western nations struggle to recover from a debt and property bubble of their own, a growing number of economists are pointing to Japan as a dark vision of the future. Even as the Federal Reserve chairman, Ben S. Bernanke, prepares a fresh round of unconventional measures to stimulate the economy, there are growing fears that the United States and many European economies could face a prolonged period of slow growth or even, in the worst case, deflation, something not seen on a sustained basis outside Japan since the Great Depression. "
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    The TOK question here is can you compare Japan of the 1990s with the US and Western Europe of today? To what degree can economists, or any human scientists, suggest that one complex situation is "like" another one?
anonymous

Hindu Group Stirs Debate in Fight for Soul of Yoga - NYTimes.com - 0 views

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    "Yoga is practiced by about 15 million people in the United States, for reasons almost as numerous - from the physical benefits mapped in brain scans to the less tangible rewards that New Age journals call spiritual centering. Religion, for the most part, has nothing to do with it. But a group of Indian-Americans has ignited a surprisingly fierce debate in the gentle world of yoga by mounting a campaign to acquaint Westerners with the faith that it says underlies every single yoga style followed in gyms, ashrams and spas: Hinduism. The campaign, labeled "Take Back Yoga," does not ask yoga devotees to become Hindu, or instructors to teach more about Hinduism. The small but increasingly influential group behind it, the Hindu American Foundation, suggests only that people become more aware of yoga's debt to the faith's ancient traditions. That suggestion, modest though it may seem, has drawn a flurry of strong reactions from figures far apart on the religious spectrum. Dr. Deepak Chopra, the New Age writer, has dismissed the campaign as a jumble of faulty history and Hindu nationalism. R. Albert Mohler Jr., president of the Southern Baptist Theological Seminary, has said he agrees that yoga is Hindu - and cited that as evidence that the practice imperiled the souls of Christians who engage in it. The question at the core of the debate - who owns yoga? - has become an enduring topic of chatter in yoga Web forums, Hindu American newspapers and journals catering to the many consumers of what is now a multibillion-dollar yoga industry. "
anonymous

For Law School Graduates, Debts if Not Job Offers - NYTimes.com - 1 views

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    "IF there is ever a class in how to remain calm while trapped beneath $250,000 in loans, Michael Wallerstein ought to teach it. Here he is, sitting one afternoon at a restaurant on the Upper East Side of Manhattan, a tall, sandy-haired, 27-year-old radiating a kind of surfer-dude serenity. His secret, if that's the right word, is to pretty much ignore all the calls and letters that he receives every day from the dozen or so creditors now hounding him for cash. "And I don't open the e-mail alerts with my credit score," he adds. "I can't look at my credit score any more." Mr. Wallerstein, who can't afford to pay down interest and thus watches the outstanding loan balance grow, is in roughly the same financial hell as people who bought more home than they could afford during the real estate boom. But creditors can't foreclose on him because he didn't spend the money on a house. "
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