Is the US Losing Steam?

``The golden doors of opportunity are closing on America’s young. The United States, once the world’s leader in the percentage of young people with college degrees, is now a sorry 12th among 36 developed nations, according to the College Board.''

NYT

If the US does not shape up and continues in this loopy state of mind, BRIC countries are ready.

Already Mexico is in talks with Brazil for a Trade Agreement.

As Mexican President Porfirio Díaz used to say: So far from God , and so close to the US, when thinking about the Mexican condition.

Group of 20 meeting:

``The “easy way out” he referred to was the Federal Reserve’s decision last week to flood $600 billion into the economy. The Fed’s chairman, Ben S. Bernanke, said the technique was the only tool remaining to push down interest rates and try to build demand, and with it the creation of jobs.''

``The lack of alternatives has also led to some novel suggestions, notably from Robert B. Zoellick, the president of the World Bank, who suggested this week that the world go back to tying currencies to gold — nearly 40 years after President Richard M. Nixon ended that linkage. His suggestion, like Mr. Geithner’s, was not exactly welcomed as a solution.''

NYT