Greek debt crisis. That caused the Dow to jump 340 points today!
But you wouldn't know much about the most important news of the day if you spend your time watching the cable news shows. I was only flipping past those news channels last night because the World Series game was postponed, but what I saw was Rachel Maddow going on and on about the Koch brothers using stock images in their videos; and Lawrence O'Donnell heating up his private feud with Donald Trump; and Ann Coulter over on Fox demonizing the Democrats; and Anderson Cooper whining about something or other. Was any of this important? No, it was not. What was important was that the Europeans may have gotten their act together to prevent a crisis that has been threatening to take down the whole Euro zone experiment and send the entire world economy into another recession. I guess Americans aren't supposed to know or care about any of this. We think that the whole world revolves around us, and that our little political feuds are all that matter. It's no wonder we think that, because the media encourages us to think that what is going on in the rest of the world is not even important enough for us to know about or understand.
But if we could learn to step back for just a minute from our own domestic policy battles, and view them in the context of a complex global economy, maybe we would understand that there are much larger forces at play than the ones we are paying attention to. And maybe that kind of perspective would make it a tiny bit easier to resolve our country's political squabbles.