Edmund Phelps

The standardization of world culture, with local popular or traditional forms driven out or dumbed down to make way for American television, American music, food, clothes and films, has been seen by many as the very heart of globalization.

I don't think there is a person who loves the Nets as much as I do - from our fans, all the employees in the arenas, the front office personnel and the owners. I will always be loyal to our fans and the Nets.

Ronald Reagan, when he was campaigning for President, said that he would break relations with Communist China and re-establish diplomatic relations with Taiwan. But when he got into office, he pursued a very different policy of engagement with China and of increasing trade and business ties with China.