Compromise and tolerance are necessary in democracy

Interesting discussion on Charlie Rose last night on ideas to break political impasse. It is necessary (and healthy) for intelligent leaders to hold, exchange and respect opposing views from those around them.  Intolerance is a sign of weakness not strength.

Former Senators Tom Daschle and Trent Lott discuss their book “Crisis Point: Why We Must—and How We Can—Overcome Our Broken Politics in Washington and Across America.” Here is a direct video link.

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Roof top gardens: more bright ideas

500,000 honeybees make the rooftop garden at The Fairmont Waterfront in Vancouver their home from May through September. Introduced in June of 2008, the bees have since increased the productivity of the herb garden with pollination, as well as inspired creative new dishes. Here is a direct video link.

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Savings the ‘collateral damage’ of central bank policies

“We’ve seen this movie over and over again”– imprudent monetary policies encourage reckless behavior and a misallocation of capital resources so that risk seeking buyers and savings in our society become collateral damage of the quest to ‘rescue’ bankers at all costs.  I disagree that the ECB was right to roll out more insane terms yesterday, but the rest of El-Erian’s comments in this discussion are lucid.

Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg View columnist, discusses the currency impact of policy changes by the European Central Bank and why governments must move beyond monetary policy. Here is a direct video link.

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