Reuters blog archive
from The Great Debate:
The reason that President Barack Obama won reelection, as most everyone knows by now, is that older white males, on whom the Republican Party has long relied, are declining in numbers, while women and minority voters, key components of Obama’s base, are increasing. In the electoral post-mortems, Obama’s victory has been considered a kind of valedictory to white male supremacy. But his win did something else: Obama killed John Wayne on Nov. 6 -- with the complicity of roughly 61 million Americans.
Now, Wayne has been dead for more than 30 years, of course. And Obama didn’t even slay his heroic image. Americans still like brawny brawlers, and apply what I call “The Hollywood Test” in electing their presidential protagonist-in-chief, opting for the nominee who is most like a movie hero. What Obama and his supporters slew, however, was the value system Wayne personified – a whole way of thinking about America. It’s unlikely to resurface any time soon.
From the time he reached stardom in the 1940s, Wayne was not just a movie star, though he was one of the biggest. Nor was he just an icon, though he was one of the most compelling -- a whole generation of men imitated his bearish growl and lumbering walk. More important, Wayne presented values that many now associate with America itself.
As Garry Wills, who wrote an appreciative book about Wayne, put it, “The way to be an American was to be Wayne.” Rather than Wayne being stamped in the country’s image, the country -- at least white America -- seemed stamped in his.
from Unstructured Finance:
By Matthew Goldstein
The shooting death of Trayvon Martin, an unarmed black teen in Florida, has evoked a lot of debate about race in America and the nation’s attitudes to what it means to be a minority.
There’s been a good deal written that major media organizations were slow to react to this tragic story, in part because there simply aren’t enough minority voices on staff. This point was highlighted recently in a story in The New York Times
It’s something many people know intuitively but that makes the reality no less harsh when it is framed by concrete figures: the sluggish U.S. economy is squeezing black and Latino seniors even harder than their white counterparts.
The deep recession of 2008-2009 took a heavy toll on the retirement prospects of aging Americans. With so many retirement savings plans linked to employer-based stock market investments, the downturn took a steep toll on the holdings of those who were lucky enough to have savings.
Few things better sum up Egypt's uncharted future than the vague policy platform of the Muslim Brotherhood, a long-repressed Islamist movement poised to become a decisive force in mainstream politics. With the country's military rulers reluctant to push through major reforms without a popular mandate, all eyes are on the emerging political class set free by the overthrow in February of veteran leader Hosni Mubarak.
from The Great Debate:
- Jose Garcia is associate director for research and policy at Demos. He is responsible for providing statistical and policy analysis for Demos’ Economic Opportunity Program on issues such as household debt and assets. -
As the days heat up, so too has the debate in Congress over what type of consumer protection to include in financial reform legislation. Detractors have moved to take the bite out efforts to crack down on abusive lending practices while advocates try to hold the line. Should there be an independent Consumer Financial Protection Agency? Or should it be housed in the Federal Reserve? And what authority should it have?