The Who concert at Madison Square garden. We were up front in a box and could see Roger Daltry and Pete Townsend from about 20 feet away. Roger Daltry was on fire, his voice hadn't lost any of it's power and Pete Townsend was brilliant as he was on all the Who albums.
I think that Bernanke made a grave mistake with the QE2, instead he should have concentrated his efforts towards JOB creation. Moreover, financial regulations is even more important now, to make sure that future banking crisis’ don’t overwhelm and already fragile global economic system. However, with the euro still having its own difficult issues within its own group and having read Nouriel Roubini’s piece on China’s increasing future internal economic vulnerabilities, I don’t see the dollar being overthrown anytime soon in the near future, there is nothing else. That doesn’t mean that we don’t absolutely need to address our long term deficits. We need to adopt a single payer system for health care, we need to eliminate the cap on the social security payroll cap, eliminate corporate tax loop holes and get the tax rate back up to Clinton era rates. These measures, I believe would redress our fiscal problems in the long term. Emphasis on job creation will also help on that front as well.
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This all dates back to globalization and the corporate mobility that ensued with the easing of financial restrictions between countries. The global support of free trade by countries worldwide at the expense of their own countries workers to benefit the corporations and their shareholders have vastly undermined the economic rights of the bottom 80% almost everywhere. Until there is a re-definition of what wealth really means to a society at large, this trend will be extremely difficult to reverse. I believe that we on the left are fighting really hard to say that our values lie not with the perceived wealth generated by hedge funds and commodity trading but rather in actual tangible goods and services that provide wealth for our community from the ground upwards. A ground-swell economy is needed, when growth is felt from the ground upwards, I would bet that the growth and positive attributes to the economy as a whole multiple exponentially, much more than the trickle down theory that has not delivered on its promises. Unfortunately the rise of globalization coincided with the decline of unions especially here in our country, re-structuring that imbalance of power between workers and executives shareholders will be a monumental challenge to say the least.
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What famous story ever needs changing? Why are the stories themselves famous? They are famous because they work and the storyline appeals to an audience. Do I dare play with success? For this exercise I will. Inserting myself as a character would change a story’s ending because I was never originally intended to be in the story. So where or rather which story would I like to land in? I have always desired to change almost every star-crossed lover story ending because they are almost always tremendously sad. Romeo and Juliette for example, I know that Shakespeare had a statement to make about society but was killing the youngsters really that necessary? Historically, we know that Anthony and Cleopatra died in what was essentially a suicide pact, but did they really have to? If I were a character in history at that time, say, Cleopatra’s favorite servant girl, I would have risked my life speaking out to my mistress and trying to convince her to leave before it was too late. Anthony and Cleopatra sailing off into the sunset, her people as vassals to Rome who would have been well taken care of and they could have made their fortune elsewhere alive. I, spurred on by my successful rescue of Anthony and Cleopatra, would then jump into Romeo and Juliette’s story. I would replace the big old nursemaid and make sure that any wedding plans made by the two, would also include an escape plan. After all the family drama of missing the two youngsters, I would travel a few days behind them and establish the young lovers in a nice large town where they would live out their days in peace and love. There are rarely any books that make it into the printing press, I’m sure, that don’t have one little issue that the author would love to tweak, however, I highly doubt that there exists an author who would be open to changing the last paragraph because someone suggested it or the critics demand it. The last paragraph somehow holds a very special place in a writer’s life and getting to the last paragraph is very challenging and pride creating. I utterly failed with this post but I am sure that one of these days I’d be put out into the lawyer’s gallery and it won’t br pretty.
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