GOOD

Which Nation Showed the Most Restraint During the Global Economic Meltdown?


France. France? Yes, France. It may come as a shock to those Americans who cry "Socialism!" on a daily basis, but according to Business Insider, the French demonstrated rather remarkable restraint during the global economic crisis.
Despite all the anti-socialist rhetoric from certain pundits and the notion that somehow nations like the U.S. and U.K. are free market bastions while France is some sort of government-infested economic monster, the reality is that France showed the most spending restraint of all nations during the financial meltdown. And it's during crisis when our true philosophical colors shine... They may not talk the talk, but they showed the least manipulation of the economy.
As you can see from the infographic (there's a larger version over at The Big Picture), bailout and stimulus money accounts for a mere 2.6 percent of France's GPD-compared to a whopping 41.9 in the United States.That said, Sarkozy did make a commitment to "throw his weight behind Barack Obama's bank reform plan as he delivered his keynote speech at the 40th World Economic Forum at Davos Wednesday."Via Marginal Revolution.
Articles
via Library of Congress

In the months after the Japanese bombed Pearl Harbor in 1941, President Franklin D. Roosevelt authorized the military to move Japanese-Americans into internment camps to defend the West Coats from spies.

From 1942 to 1946, an estimated 120,000 Japanese Americans, of which a vast majority were second- and third-generation citizens, were taken in their homes and forced to live in camps surrounded by armed military and barbed wire.

After the war, the decision was seen as a cruel act of racist paranoia by the American government against its own citizens.

The interment caused most of the Japanese-Americans to lose their money and homes.

Keep Reading
Communities
via Michael Belanger / Flickr

The head of the 1,100-member Federal Judges Association on Monday called an emergency meeting amid concerns over President Donald Trump and Attorney General William Barr's use of the power of the Justice Department for political purposes, such as protecting a long-time friend and confidant of the president.

Keep Reading
Politics

North Korea remains arguably the most mysterious place on Earth. Its people and modern day customs are shrouded behind a digital and physical wall of propaganda. Many people in the United States feel that North Korea is our "enemy" but almost none of us have had the opportunity to interact with an actual person who lives in, or has lived under, the country's totalitarian regime.

Even more elusive is what life is like in one of North Korea's notorious prison camps. It's been reported that millions live in horrific conditions, facing the real possibility of torture and death on a daily basis. That's what makes this question and answer session with an escaped North Korean prisoner all the more incredible to read.

Keep Reading
Communities