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It was not a week for celebration for President Luiz Inácio Lula da Silva of Brazil, even though on March 14 he did become the first Latin American leader to be received by President Obama in the White House. First there was the embarassment reported by the New York Times of the Americans changing the date of the White House meeting, allegedly because of the St. Patrick's Day holiday, and then there was that slight misspelling of President da Silva's name in the White House press release. And to top it all off, Wall Street suddenly turned bearish on his country.
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The American dream is in peril, and Jack Cafferty has something to say about it. In his new book Now or Never: Getting Down to the Business of Saving Our Dream, CNN's irascible commentator takes on the economy, foreign policy, education, health care, immigration, energy, the Bush legacy and Obama's opportunity--nothing less than the future of the country. He even manages to tie in his life story, complete with a hardscrabble youth, alcoholism, and redemption in marriage and fatherhood. Fortune spoke with Cafferty about what he sees is wrong with the country--and what needs to be done about it.
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Below are excerpts from that discussion:
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As Barack Obama headed back from his first diplomatic venture, two distinct views of his performance are emerging in Washington.
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Wells Fargo's numbers show how the big banks hope to muddle through the deepest economic downturn in decades - with some help from their friends in Washington.
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In this guest post, Jessica Shambora writes about the rapid evolution of the workplace in the downturn as high-powered executives reassess their lives and careers, and companies seek cost-saving alternatives.
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Weak consumer spending and frozen credit markets are making a rough ride for Harley-Davidson.
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The survival of Chrysler as an independent company is looking increasingly unlikely.
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Cellphones, iPods, Xbox 360 shooter games - the world has grown noisier since 1965, when Dolby Laboratories, No. 82 on Fortune's 2008 list of Fastest-Growing Companies, first got into the business of making things sound better. So it's fitting that a company that pioneered noise-reduction in stereos and swaddled moviegoers in surround sound has flourished with the explosion of consumer electronics. But with gadgets and TVs threatened by the torpid economy, can it continue its scorching growth?
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As drug companies race to develop new vaccines to combat novel forms of influenza, such as the H1N1 swine flu, some medical experts say help might already be here.
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When Hulu, the online video joint venture of GE's NBC and News Corp.'s Fox (and now Disney's ABC), launched last year, CEO Jason Kilar said its mission was "to help people find and enjoy the world's premium content when, where, and how they want it." Perhaps what he meant to say was, "Anytime, anywhere, anyhow - except on a TV screen."
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