There are a lot of anachronisms in Washington, but the need to periodically raise the debt limit by Congressional vote is certainly one of them.

The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.

There's no debt limit in the Constitution.

China is beginning to act more like a world citizen. We need China to be more active on the world stage. For example, we should want China to be a bigger participant and a bigger shareholder in the IMF. We should want it to be an even more active participant in the G8 and G20.

I suppose if I didn't have Loopt, I'd have to, I don't know, pick up the phone and just start calling people, a lot more texting and certainly more Googling.

Housing works like a trampoline. When it is pushed down far enough and long enough, it will eventually snap upward very powerfully.