Superficial analysis says America's universities are on a precipitous decline. The truth is that the U.S. academy has become a paragon of learning to which all the world aspires.
As the Great Recession gnaws at our very belief in the ability of capitalism to raise us to ever-escalating levels of wealth and prosperity, Keynes's no-longer-viable financial prescriptions are being resurrected.
Beyond the latest rows, institutional paralysis and financial incompetence, the scars of war have plainly not all been healed. Is there a deeper collapse of European self-confidence?