Few people understand the American economy better than Larry Summers: he was the Treasury Secretary under President Clinton and Director of the National Economic Council under President Obama. Fareed Zakaria sits down with Summers to discuss America’s looming default. But that’s not the real crisis, says Summers. So what is? Getting growth back for the American economy.
All that, and other key international stories: insight on a revolution 2.0 in Egypt and the latest from Syria; a look at the legacy of Lula in an overheating Brazil; and an important discussion on global warming - how to go green when we’re in the red.
I couldn't care less what this piece of garbage, Larry Summers has to say.
1) summers, ugly though he is, is right...corporate profits ARE up 20% while costs down...are main street people enjoying a commensurate 20% increased well-being? DEMAND *is* what is required. Everyone talks about the deficit, and uses the family home budget as an example...but if family home budgets are owing, the FIRST thing most families would do is look to trim exorbitant expenses (oil co. tax loopholes, corporate jets, corps. not paying THEIR fair share through other loopholes), then INCREASE INCOME, then cut survival expenses (and many families, especially the elderly ARE only surviving on social security and medicare).
2) Fareed...in a piece about American women's soccer...you end up talking about men- less than 30sec of the 3 minutes was devoted to the women. You should have given them their due; you could be talking about the international male soccer trading this week too, instead of stealing their thunder.
Overall, still a fan, but let's not just promote male sports, when it's THE WOMEN making the news!
The Global Public Square is where you can make sense of the world every day with insights and explanations from CNN's Fareed Zakaria, leading journalists at CNN, and other international thinkers. Join GPS editor Jason Miks and get informed about global issues, exposed to unique stories, and engaged with diverse and original perspectives.
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Check out all of Fareed's Washington Post columns here:
Obama as a foreign policy president?
Why Snowden should stand trial in U.S.
Hillary Clinton's truly hard choice
China's trapped transition
Obama should rethink Syria strategy
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