The Responsibility Revolution

We have always known that heedless self-interest was bad morals,” FDR said in 1937, in the midst of the Great Depression. “We know now that it is bad economics.” We learned this all over again after the collapse of Lehman Brothers, the shame of subprime mortgages and the brazen Ponzi scheme of Bernie Madoff.

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Controversial former Japanese finance minister found dead

Former Japanese Finance Minister Shoichi Nakagawa, who resigned from his post after appearing intoxicated at a news conference earlier this year, was found dead in his home Sunday, police told CNN. Tokyo police found Nakagawa, 56, lying face down on a bed on the second-floor of his home, Kyodo reported.

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