Lessons from depressions; the end of the American dream; happy days at the IMF; Treason, corn and the US climate bill and an 11 year old Liberian wins the development debate: links I liked

the lessons of 1937’s false dawn for today’s green shoots spotters Joe Stiglitz argues in Vanity Fair (where else?) that the crisis is driving developing countries away from the American dream Still, at least the crisis is improving the IMF’s finances – it is projecting a $126m profit this year, compared to its initial projections of a $292m loss. Why the turnaround? A hefty boost in loans to crisis-wracked countries means accompanying improved interest payments. Paul Krugman accuses the 212 people in the US House of Representatives who voted against the climate change deal of treason. Still on the climate change bill, Alex Evans spots the hands of the US corn lobby in the horse trading prior to the vote. And an 11 year old Liberian wins the development debate hands down]]>

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