America is the land of opportunity — that's the bedrock of the American dream. Many expect each generation to do better than the last.
That dream of economic mobility is alive and well for Pam Krank and her husband, Brian McGee. The two are proud owners of The Credit Department Inc., a successful business in the Minneapolis suburb of Mendota Heights.
"Mostly manufacturing companies around the world will hire us to study their customers and tell them how much ... unsecured credit they should grant to each customer," Krank explains.
At the moment the polls close in Texas Tuesday evening, most media outlets and very likely even the Mitt Romney campaign will declare that he has secured enough delegates to win the Republican nomination for president.
For what it's worth, there are two problems with that statement. First, as a practical matter, Romney actually won the Republican nomination when the other candidates competing for delegates in the primaries and caucuses stopped doing so. That was weeks ago.
Saying that each one of the recipients has touched countless lives, President Obama presented 13 Presidential Medals of Freedom during a ceremony in the East Room of the White House today.
All of the people on the stage, Obama said, "are my heroes individually." He said that if it were not for John Doar, the Justice Department official who personally escorted University of Mississippi's first black student to campus, he would not be president.
It's a long, detailed look at how the president has "placed himself at the helm of a top secret 'nominations' process to designate terrorists for kill or capture, of which the capture part has become largely theoretical."
For the past two months, the Philippines and China have been locked in a standoff over territory in the South China Sea that both countries claim.The Philippine navy accused Chinese boats of fishing illegally in the area. Protesters in the Philippines are shown here marching in Manila earlier this month.
Credit Pat Roque / AP
Filipino naval personnel look at giant clam shells onboard a Chinese fishing vessel at the disputed Scarborough Shoal in the South China Sea last month. Both countries claim the area, but say they are seeking a diplomatic solution.
This week in The New York Times Magazine, Adam Davidson writes about the surprising diversity of Syria's economy. Economic reforms opened up the economy to foreign investors and a growing class of entrepreneurs. But according to Ayham Kamel, an analyst at the Eurasia Group, the reforms undercut Syria's rural poor. We asked him to elaborate in the following post.