Laurence J. Kotlikoff:

Recapitalizing the banks and working out mortgages will take time, but the financial system will not collapse -- the government won't let it.

The markets, of course, seem to be factoring in some probability of collapse. Why is this wrong?

In short, Uncle Sam is becoming our new bank. He has also become our new insurance company.

This may sound like socialism or state capitalism, but it's simply rearranging the financial furniture.

So after scaring us half to death, this would be a good time for our other uncles -- Hank and Ben -- to make clear that we're heading for a safe landing and that there is no way in hell they will let this economy go down the tubes.

If you shout it from the rooftops it becomes true.

No Depression: Uncle Sam Has Got Our Back

Steven Pinker:

Voters judging Ms. Palin’s performance should focus on the facile governing philosophy that is symbolized by her speech style, not the red herrings of accent or dialect.

Everything You Heard Is Wrong

Art by R. Luke DuBois:

Hindsight is Always 20/20 examines the history of American political discourse through the metaphor of vision. Drawing from the annual State of the Union (SOTU) addresses given by Presidents to Congress, ‘Hindsight’ consists of a single Snellen-style eye chart for each president who gave SOTU addresses. Instead of the typical characters present in an eye chart, the piece employs words drawn from their speeches, presented in order of most frequent (top line) to least frequent (bottom line) word. The result is a startlingly clear snapshot of the lexicon of each presidency, containing a mix of historically topical keywords and rhetoric unique to each president and the time period in which they served in office.

Hindsight is Always 20/20

Excerpts from the book, North Korean Posters: The David Heather Collection:

This rare glimpse into North Korean society is the first book of its kind: a riveting collection of state-sponsored propaganda posters that present the unique graphic sensibilities of this little-known country.

Seldom seen by the outside world, North Korea's propaganda art colors the cities and countryside with vibrant images of brave soldiers, happy and well-fed peasants, and a heroic and compassionate leader. More than 250 of these posters are collected here for the first time, showing the wide range of North Korean propaganda art. Hand-painted, one-of-a-kind pieces of art, these posters display the latest political slogans that are repeated in newspaper editorials, government declarations, and compulsory study sessions throughout the country. A unique collection which would appeal to artists and graphic designers as well as those interested in this closed society, this book may not represent the reality of North Korea, but rather a vision of the country as promoted by its regime and depicted by its state sponsored artists.

North Korean Propaganda Posters

Catch phrases are big business. Streaming movies? Not so much.

Mat Honan worked for two failed dotcoms before becoming a contributing editor at Wired magazine — but his luck changed in February when he created a funny site about Barack Obama in just a few hours. 7 million pageviews later, it's landed him a book deal, a slew of interviews, and even a mention in the New York Times.

The success grew from a personal catchphrase whispered teasingly to his wife: "Barack Obama is your new bicycle." (Her excitement about the candidate matched her previous enthusiasm for cycling.) But it soon exploded, proving once again the strange fame-making power of the web.

How a Barack Obama Site Made Me Famous

Worth a look.

Would McCain be the oldest US President? Would Obama be the youngest? Who was the youngest president? Were presidents younger in the past or older? What is the highest number of years a former president lived after leaving office? Who served the longest? Whose term was the shortest? The interactive visualization below lets you answer these and a few other questions.

Presidential Demographics

Neither candidate speaks with much candor about solving the energy crisis.

See also:

What will happen when America can't afford to fly?

From the archive:

In all his speeches, John McCain urges Americans to make sacrifices for a country that is both “an idea and a cause”.

He is not asking them to suffer anything he would not suffer himself.

But many voters would rather not suffer at all.

More recently:

McCain is no longer telling the sorts of hard truths that people would prefer not to confront, or even half-truths that they might find vaguely discomfiting. Instead, he’s opted out of truth altogether

Recent history suggests that Presidential campaigns don’t reward integrity; the candidate who refuses to compromise his principles is unlikely to have a chance to act on them. Still, McCain’s slide is saddening. That he has sunk to the level of “Pump” a full month before Labor Day really doesn’t leave him—or the race—far to go.

Perhaps the most powerful way in which we conspire against ourselves is the simple fact that we have jobs.

The sacrifice-free election strategy

Is an imperial presidency destroying what America stands for? Bill Moyers sits down with history and international relations expert and former US Army Colonel Andrew J. Bacevich who identifies three major problems facing our democracy: the crises of economy, government and militarism, and calls for a redefinition of the American way of life

Bill Moyers and Andrew Bacevich

Justice has proposed a new domestic spying measure that would make it easier for state and local police to collect intelligence about Americans, share the sensitive data with federal agencies and retain it for at least 10 years.

But many voters would rather not suffer at all.

The changes would revise the rules for police intelligence-gathering for the first time since 1993 ...

Quietly unveiled late last month, the proposal is part of a flurry of domestic intelligence changes issued and planned by the Bush administration in its waning months. They include a recent executive order that guides the reorganization of federal spy agencies and a pending Justice Department overhaul of FBI procedures for gathering intelligence and investigating terrorism cases within US borders.

Taken together, critics in Congress and elsewhere say, the moves are intended to lock in policies for Bush's successor and to enshrine controversial post-Sept. 11 approaches that some say have fed the greatest expansion of executive authority since the Watergate era.

Supporters say the measures simply codify existing counterterrorism practices and policies that are endorsed by lawmakers and independent experts such as the 9/11 Commission. They say the measures preserve civil liberties and are subject to internal oversight.

From the archive:

Is more what we really need?

In my opinion not.

But running spies is not the NSA's job. Listening is, and more listening is what the NSA knows how to organize, more is what Congress is ready to support and fund, more is what the President wants, and more is what we are going to get.

US May Ease Police Spy Rules

NSF data reveal that in 2005, the foreign student population earned approximately 34.7% of the doctorate degrees in the sciences and approximately 63.1% of the doctorate degrees in engineering. In 2005, foreign students on temporary resident visas earned 30.8% of the doctorates in the sciences, and 58.6% of the doctorates in engineering. The participation rates in 2004 were 28.5% and 57.3%, respectively. In 2005, permanent resident status students earned 3.8% of the doctorates in the sciences and 4.5% of the doctorates in engineering, slightly above the 2004 levels of 3.7% and 4.2%, respectively.

Many in the scientific community maintain that in order to compete with countries that are rapidly expanding their scientific and technological capabilities, the country needs to bring to the United States those whose skills will benefit society and will enable us to compete in the new-technology based global economy. The academic community is concerned that the more stringent visa requirements for foreign students may have a continued impact on enrollments in colleges and universities. There are those who believe that the underlying problem of foreign students in graduate science and engineering programs is not necessarily that there are too many foreign-born students, but that there are not enough native-born students pursuing scientific and technical disciplines.

Foreign Science and Engineering Presence in U.S. Institutions and the Labor Force