The Nordic countries are some of the happiest and most prosperous, which many attribute to socialist policies. That's a myth. As John Boehner and President Obama's 'fiscal cliff' debate over spending cuts continue, lawmakers should remember that socialism did not spell prosperity.
US unemployment fell to 7.8 percent (a possible boon to President Obama, whose economic leadership Mitt Romney criticizes). But job growth remains slow. Fed Chair Bernanke's quantitative easing policies aim to boost the economy, but they will more likely spur inflation and capital flight.
Mining and engineering experts were welcomed from around the world to assist in the Chile mine rescue.