Financial Crisis stems from lack of trust, disappearance of “true value”

Princeton economist and former Secretary of Labor Robert Reich agrees that Wall Street’s biggest problem right now is the collapse of trust: The problem is, government bailouts, subsidies, and insurance aren’t really helping Wall Street. The Street’s fundamental problem isn’t lack of capital. It’s lack of trust. And without trust, Wall Street might as well fold up its fancy tents. Reich also writes: Despite all the money going directly to the big banks, despite all...
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Importance of Facebook in Political Campaigns

Indeed, Facebook co-founder Chris Hughes helped organize the social media parts of Barack Obama’s presidential campaign last year. For example, it was the first presidential campaign to launch Facebook Connect support — early in the campaign, in the fall of 2008. Obama’s campaign went on to trounce opponents in terms of Facebook fans, with his Page getting nearly four million fans by the time he took office in January. At least during the presidential election...
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