To think that forty years ago it was exotic to buy a TV made in Japan… The sea change in manufacturing and global trade is a much more complicated process than the discussion usually considers. The Atlantic has a balanced and detailed look from at the process from the point of view of workers and manufacturers. .
In the aftermath of the near collapse of the world economy, it seems unlikely that the Republicans are so disconnected from reality that they are going to play chicken with the debt ceiling. Tim Geithner has laid out the clear and stark consequences in a letter to Republican Senators. Think it’ll work?