When the U.S. government imagines the global future, the term BRIC features prominently. The concept was created in 2001 when researchers at Goldman Sachs identified four critical emerging powers—Brazil, Russia, India and China. By 2050, claimed these experts, the BRIC powers would be challenging the U.S. for worldwide economic supremacy. U.S. officials have taken this forecast very seriously.
Last month the U.S. Treasury Department gave vent to public outrage at the financial industry and ordered companies that were bailed out by government funds to reduce the basic salaries of their top 25 employees.
After rumors circulated that President Obama’s health-care reform would institute “death panels” for the elderly, Congress quickly abandoned any effort to address end-of-life issues in health-care legislation.
At first glimpse, Marcelo Rossi is a textbook example of the pastor as showman. A handsome, stylish man in his early forties, he leads a flourishing São Paulo congregation legendary for its music. He dances during worship, performing “the Lord’s aerobics.” And people respond. One of his stadium revivals attracted 70,000 believers.
To little fanfare, Denis McDonough, President Obama’s chief of staff, joined a team on the streets of San Francisco doing a head count of the homeless. It was part of a survey required of cities every two years in order to qualify for federal funding for homeless programs. The president had told McDonough he wanted to know firsthand what the city was doing about the homeless. San Francisco has been able to get 19,000 homeless off the streets during the past decade by expanding housing and support services, but it still had over 6,000 people on the street during the 2013 count. “This is the same sort of challenge we face all over the country. The numbers tell the story,” McDonough said. “I had no idea anyone gave a damn,” one homeless man told the team (SFGate.com, January 30).