Word: alongism
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...real estate mistakes on the Strip were made in miniature by thousands of Vegas homeowners. To see the real devastation, I have to leave the line of casinos along the Strip and drive to where people in Las Vegas actually live. I head out to spend the day with real estate agent Brooke Boemio, a bouncy, sweet, recently remarried 31-year-old mom whom I met years ago when I was on another assignment. Boemio is doing great during this recession. In fact, she's never had a job that paid as well: she made more than $100,000 last...
...Even if the big euro-zone motors of France and Germany manage to continue growing along with smaller economies like Greece and Portugal, Moec warns that broader European recovery will be a sluggish affair. Countries like the U.K., Spain, and Ireland - which each suffer from some combination of excessive household debt and structural over-reliance on real estate and financial industries - risk taking far longer to remedy their economic ailments, which would slow a regional rebound. Ditto Italy, whose consistent under-performance is rooted in competitive weaknesses that couldn't be cured even during good times. (Read: "In Hard Times...
...fact is science is like any other social network. It's a lot easier to go along with the crowd. Every now and then there's a revolution in science, a paradigm shift, like when Einstein came along, but it's so easy to lock people into a particular way of thinking, of trying to build on the ideas that are in vogue. In the end, there is almost a fashion in science - ideas that are in, ideas that...
...presidential town halls of the previous Administration, the White House is not screening town-hall attendees, leaving open the likelihood of anti-Obama protesters showing up. There are many who may want to do so. The opposition to so-called Obamacare has been quite active in Montana, which lies along the route of a 12-state, $1 million bus tour organized by Americans for Prosperity, a GOP-linked conservative group. Its Patients First project last month ran a $1.3 million TV-ad campaign slamming national medical-insurance-reform efforts. The side of the Patients First bus bears...
...Hardest hit by the economic downturn has been national carrier Air India: It reported annual losses of $1 billion in the fiscal year ending March 31, along with an accumulated debt of $3.5 billion; that debt load is expected to rise to $7 billion by 2012 if it takes delivery of 111 new aircraft already on order. Air India alone accounts for 10% of the total projected losses for the global airline industry this year - even though it carries just 0.35% of global traffic. Air India is suffering from an aging fleet and a bloated staff roster...