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Who Will Tell the People? Thomas L. Friedman

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We are not as powerful as we used to be because over the past three decades, the Asian values of our parents' generation - work hard, study, save, invest, live within your means - have given way to subprime values: 'You can have the American dream - a house - with no money down and no payments for two years.'

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(just to note: this article was already posted, a few items by Richard Mynick on Sunday, May 4, 2008 at 6:52:27 PM