How the World Works

Phil Gramm's legacy

I have only one comment to make on the New York Times' front-pager detailing Phil Gramm's role as the great deregulator during (and after) his tenure as a Republican senator from Texas.

Imagine how different the context would be if Gramm's good friend John McCain was the president-elect?

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A conversation about globalization.

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Is the Obama economic rescue plan a failure?
Swayed by GOP attacks, independent voters are abandoning ship. But the summer of stimulus love has hardly started
Are automaker woes skewing unemployment figures?
In the summer, the Big 3 usually idle factories and lay off workers. But this year, they're ahead of schedule
The Pope's liberal Christian values
Social justice, wealth redistribution, a new morality for Wall Street -- the pontiff throws down on capitalism

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