The New Dharma Bums

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In the 1950s and 60s Americans became fascinated by the freedom of cross county travel inspired by Jack Kerouac books like On the Road and Dharma Bums.  But today many Americans feel that these are bygone days.  This is absolutely untrue.  There is a new generation of Dharma Bums who just don’t travel the U.S. but the entire world.

The Most Important Thing You Need to Know About the Economy

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Can be found in a single blog post from The Economist magazine. Read this and you will understand the situation we are in, and what we are facing. Read it, and you will understand why we are facing ten-plus years of decisions about who will be made worse off, and in what way, due to the financial and fiscal frat party of the past 30 years. It wasn't just the public sector. It was businesses and individual households. It was beyond my understanding, and contrary to my values.

The popular thing to do, what most people wanted to do, was to satisfy the "I want for me now!" impulse. This was done by selling the future. The deal was cut in New York, and the fees were large. And now it is the future. The executive/financial class may promise three percent GDP growth if you keep their taxes low and their pay sky high, and the political/union class may promise seven percent returns on public employee pension funds to put off sacrificing the rest of us for the deals they did with themselves. Not true.

Disenrolling Felder?

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LEW FIDLER: Yesterday, I expressed my disappointment in my friend and former colleague Simcha Felder’s decision to caucus with Republicans and asked for an explanation. Through a spokesman, Simcha issued a statement which on its face lacks any substantive credibility.