Word: approachers
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...welfare state. Over the past decade, millions of French citizens became first-time shareholders following a huge wave of privatizations, the bulk of them carried out in the late 1990s by a Socialist-led government. Meanwhile, once-modest executive compensation - long cited as proof of France's more egalitarian approach - has skyrocketed in recent years; in 2007 alone, pay for French top executives soared by an estimated 58%, according to the French business weekly L'Expansion. Another recent study, by the Hay group, found that average annual pay for French CEOs now tops the scale in Europe at $8.4 million...
...real estate values, no lender would grant credit to an applicant with more than a 33% debt-to-income level. French banks have also always favored fixed-rate mortgages over more enticing but perilous variable-rate loans. The French real estate market is slowing, but the more prudent approach of French banks lessens the prospect of foreclosures, which have haunted millions in the U.S. and are one major origin of the current crisis. That's hardly a reason for smugness, either, though, since there's scant evidence that enlightened domestic practices in France or anywhere else can ward off contagion...
Android has several other key advantages over the iPhone operating system. While Apple takes a top-down approach to app development - the company must approve every program that makes it into its App Store - Google will allow creators to upload any application to the Android Market without its review. Sure that means some duds will make it in, but it will also allow a much more open and democratic way for favorites to evolve. Perhaps more significant, users will not be limited to a single phone or carrier for long. While T-Mobile's HTC Dream will be the first...
...presidential and vice-presidential debates approach, one of the more peculiar rituals of American politics has resurfaced: In a cynical attempt to lower public expectations for their candidates performance, the Republican and Democratic campaigns have begun to talk about what bad debaters their own candidates are. This stale tactic, which assumes that the American public is naively unaware of the oft-played expectation game, has been evident in both the McCain and Obama camps. But while these silly attempts to lower expectations may be meaningless, the debates themselves are not. In a political culture dominated by sound bytes and rhetoric...
...different as we are in the way we approach some very hard questions, the court is a genuinely collegial place—more collegial than any law faculty,” said Ginsburg to laughter and applause. “And we genuinely like and care, not just respect, but care about each other...