The state-run commercial banks, once the tools of the government and therefore happy to prop up loss-making enterprises, are now more brutal in cutting credit.

ECONOMIST: China

The article offers a simple, top-line summary of the initiative, noting practical ways it will make business start-up easier and more attractive, including cutting taxes on small businesses and making access to capital easier.

FORBES: The Thing That Made America Great - Do We Still Have It?

Proposals from the GOP have achieved limited success, as support for cutting income taxes is balanced by opposition even within the Republican Party to making up for lost revenue by broadening the sales tax and eliminating exemptions.

WSJ: Minnesota Moves to Raise Revenue as Tax Cuts Stay Popular Elsewhere

Making a series of risky housing loans, packaging them up into securities, selling those securities, cutting those securities up hundreds of ways and selling those in order to make money ultimately causes a tremendous bubble that bursts, resulting in a financial crisis that taxpayers have to then come fix.

WHITEHOUSE: Press Briefing