Consumption has finally caught up with us

AlterNet
by Michael T. Klare

12/07/06

Ever since the collapse of the Soviet Union, foreign policy analysts have struggled to find a term to characterize the epoch we now inhabit. Although the 'Post-Cold War Era' has been the reigning expression, this label now sounds dated and no longer does justice to the particular characteristics of the current period. Others have spoken of the 'Post-9/11 Era,' as if the September 11 attacks on the Twin Towers and the Pentagon were defining moments for the entire world. But this image no longer possesses the power it once wielded -- even in the United States. I propose instead another term that better captures the defining characteristics of the current period: the Post-Abundance Era...

//www.alternet.org/story/45160/



Recession 2007

Independent Institute
by Dominick T. Armentano

12/07/06

Are we headed for an economic recession? Probably. What can we do about it? Not much. The 5-year economic expansion initiated by tax reductions and lower interest rates has just about run its course. My guess is that the recession should begin in the first or second quarter of 2007 and run, if history is any guide, for about 18 months. Unfortunately for the Republicans, that would put the bulk of the decline well within the 2008 presidential race...

//www.independent.org/newsroom/article.asp?id=1866


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