California has often led the country, indeed the world, in the technology, consumption, trends, lifestyles, and of course, mass entertainment. It is where the car found its earliest and fullest expression, where suburbs blossomed, where going to gym replaced going to church, where forces that lead so many to assume that direct democracy is the wave of the future - declining political parties, telecommuting, new technology, the internet generation 0 are all most well developed in this vast land.

It is absolutely clear that government plays a key role, as a catalyst, in promoting long-run growth.

The American consumer, even today, the weight of the American consumer in the global economy is China plus India doubled. So, it's tough to replace that.

France placed the state above society , democracy above constitutionalism, and equality above liberty. As a result, for much of the nineteenth century it was democratic, with broad suffrage and elections, but hardly liberal. it was certainly a less secure home for individual freedom than was England or America.

Politics and power is a realm of relative influence.

I very much want to be in the business of creating content, of doing stories all over the world rather than figuring out what the business model is for 'Newsweek' on the iPad, although that's very important work as well.

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