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Opinion | The Great Struggle for Liberalism
  + stars: | 2024-03-28 | by ( David Brooks | ) www.nytimes.com   time to read: +1 min
In 1978, the Russian dissident Aleksandr Solzhenitsyn gave a commencement address at Harvard, warning us about the loss of American self-confidence and will. “A decline in courage may be the most striking feature that an outside observer notices in the West today,” he declared. The enemies of liberal democracy seem to be full of passionate intensity — Vladimir Putin, Xi Jinping, Donald Trump, campus radicals. He shows how it was created by real people in real communities who wanted richer, fuller and more dynamic lives. The Dutch merchant fleet was capable of carrying more tonnage than the fleets of France, England, Scotland, the Holy Roman Empire, Spain and Portugal combined.
Persons: Aleksandr Solzhenitsyn, , Vladimir Putin, Xi Jinping, Donald Trump, Fareed Zakaria’s, Zakaria doesn’t Organizations: Harvard, Republicans, Trump Locations: Russian, West, Dutch Republic, Dutch, France, England, Scotland, Empire, Spain, Portugal, Paris
“I do think there’s a path to bring down inflation while maintaining what I think all of us would regard is a strong labor market,” Yellen said. Yellen said she is seeing some easing of stress in the labor market, including increases in unemployment claims, declines in job openings, and upticks in labor force participation. The labor market gaining more slack will help bring inflation down, but it doesn’t mean there needs to be a significant jump in unemployment, she said. “I think the strong labor market and bringing down inflation are compatible goals,” she said. “Americans should note that America has a safe, strong banking system,” she said.
Minneapolis CNN —Last month’s upheaval within the banking sector hasn’t pushed America off course from achieving a soft landing, US Treasury Secretary Janet Yellen told CNN’s Fareed Zakaria in an exclusive interview Friday. “I do think there’s a path to bring down inflation while maintaining what I think all of us would regard is a strong labor market,” Yellen said. “We had big shifts in the way people live and low interest rates, and housing prices rose a lot. In the interview with Zakaria, Yellen said Russia should pay for the damage caused in Ukraine and talks are ongoing as to potential mechanisms to make that happen. “That’s a responsibility that I think the global community expects Russia to bear,” she said.
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