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The second is that the role of China trade in Japanese economy, important as it is, has often been exaggerated, as proven by our experience of the past 6 years. ↗
If there is one lesson for U.S. foreign policy from the past 10 years, it is surely that military intervention can seem simple but is in fact a complex affair with the potential for unintended consequences. ↗
There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them. ↗
A great source of calamity lies in regret and anticipation; therefore a person is wise who thinks of the present alone, regardless of the past or future. ↗
There cannot be any better cross-section of America and I think the soldiers represent the best we have. Today's soldiers are brighter and smarter, perhaps in a different way, than past generations because they've been brought up in the computer and information age. ↗
