Word: alarming
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...this four-alarm economic emergency (nearly 2 million jobs have vanished in four months), it's easy to forget that shovel-ready doesn't necessarily mean shovel-worthy. Many projects are shovel-ready now only because they failed to clear the spectacularly low bar Congress set for pork in the past. Even if we're freaking out about today - and we should be - we can't afford to leverage tomorrow to build the infrastructure equivalent of buried banknotes, not when the deficit is a record $1.2 trillion and the debt a staggering $10.6 trillion. A depression would make both problems...
...like Christakis, Wood cautions against excessive alarm. "It's an unfortunate situation," says Wood, "if a family with an inaccurate perception of the allergy leads a child to believe that a Snickers bar from 50 feet away is a lethal weapon...
...also learned that there is a strong positive correlation between how red my face is and how many photos of me pop up on facebook the morning after, so no matter how sloshed I got, I always remembered to set my alarm to 8 a.m. to wake-up, de-tag, and promptly pass out on my keyboard...
...that during his last visit to Beijing as Treasury Secretary - which ended today - Paulson and his team had to ask the Chinese government not to backtrack on its commitment to "continued currency reform," as a Treasury spokesman put it. The RMB has recently weakened against the dollar, raising global alarm bells that China might try to devalue it as a way to revive its gasping export sector, putting pressure on other exporters to weaken their currencies and stirring up protectionist sentiment in Washington - particularly among U.S. labor unions, which heavily backed President-elect Barack Obama. For its sake, China blandly...
When the Americans leave: over more than five years, that phrase has cropped up in most of my conversations in Iraq. First spoken in hope, then inevitability, it is now uttered with a sense of urgency--and among some, alarm. Under the terms of the status-of-forces agreement ratified on Nov. 27 by the Iraqi parliament, U.S. troops must leave no later than the end of 2011; a referendum next summer could bring that deadline even closer. As the drawdown gathers speed, it will diminish the U.S.'s ability to influence Iraqi affairs. "Very soon, we will no longer...