Things happening around the world are affecting you and me.

Americans have so far put up with inequality because they felt they could change their status. They didn't mind others being rich, as long as they had a path to move up as well. The American Dream is all about social mobility in a sense - the idea that anyone can make it.

Culture follows power.

Religions are vague, of course. This means that they are easy to follow -you can interpret their prescriptions as you like. but it also means that it is easy to slip up -there is always some injunction you are violating. But Islam has no religious establishment - no popes, no bishops - that can declare by fiat which is the correct interpretation. As a result, the decision to oppose the state on the grounds that is insufficiently Islamic belongs to anyone who wishes to exercise it.

The tallest building in the world is now in Dubai.

In a world awash in debt, power shifts to creditors.

The markets are much more interested in America's long-term trajectory than they are in feeling that there is an acute short-term crisis.