(’76 Contributor) Authors Gretchen Morgenson and Joshua Rosner have done the country great service with their book, Reckless Endangerment, recently noted at # 1 on the New York Times hardcover business reading list. If you anguish and puzzle as I do about our country’s future, here’s what you need to know about the mortgage meltdown and the unpunished scoundrels behind it.
(‘76 Contributor) When Mamoru Shigemitsu, the Japanese foreign affairs minister, signed the surrender papers on board the USS Missouri in 1945, the drama of World War II drew to a close. The end of the war set the stage for another great play—one in Berlin where America would take center stage. Unlike the European continent, the United States emerged from the war physically strong, economically robust—and in a position of global leadership. As the sole owner of nuclear weapons, it would have been possible to dominate the defeated nations of Germany, Italy and Japan and destroy the malevolent Soviet Union.