We made air attacks on the Japanese anchorage, sinking and damaging several vessels. However, the Japanese were alerted to the fact that American carriers were nearby.
“Governing isn't as easy as you think. Many of you have taken pledges that are contradictory - to balance the budget and cut taxes, for example. You must be honest about the numbers, since our annual deficit now exceeds all discretionary spending combined.”
“In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.”