I don't want to paint a picture of total gloom and doom.

There is no way to turn off this global economy, nor should one try. Every previous expansion of global capitalism has led to greater prosperity across the world.

If we didn't have the rest of the world growing, the United States economy would be in much worse shape than it is today.

Media reporters have pointed out that the paragraphs in my Time column this week bear close similarities to paragraphs in Jill Lepore's essay in the April 22nd issue of The New Yorker. They are right. I made a terrible mistake. It is a serious lapse and one that is entirely my fault. I apologize unreservedly to her, to my editors at Time, and to my readers.

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.

Alaska itself is an unusual state.

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.