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...Others aren't that patient. "We need drastic measures to solve these problems," says Yamamoto of Royal Bank of Scotland. "Intervention may work to buy time, but it's not a fundamental solution. The authorities in Japan know this and they're hesitant to act." Finance Minister Fukushiro Nukaga did say this week that "excessive exchange rate moves are undesirable." But, in relative terms, the yen is not as weak as it was in 2004, when the government last intervened. Central bankers in Japan believe a rate of 100 yen to the dollar is not excessive appreciation but rather...
...West, where more than 50% of residential water is used for landscaping. Chemical fertilizers and pesticides can damage the land as well. But xeriscaping (pronounced zeer-i-skay-ping), a term that means "dry landscaping," is becoming increasingly popular. "We're getting the message that homeowners aren't interested in environmentally irresponsible things," says Joel Lerner, founder of Maryland-based landscaping firm Environmental Design. Here's how you can have a garden that's green?in both senses of the word...
...perhaps nothing could save him from his impulses. Spitzer's sins aren't unprecedented, and if you examine the concupiscence revealed in previous scandals - for instance, those of President Clinton, former Florida Congressman Mark Foley (who exchanged lewd messages with teenagers) and former New Jersey governor James McGreevey (who resigned in 2004 after admitting to an affair) - it's possible to find similar biographical elements: stern father figures, highly promising early careers, an expansive sense of power and purpose. Says Masters: "It's the hubris and willingness to tackle anything that made [Spitzer] so successful, and it's the hubris...
...many Americans have learned over the last few months, caucuses aren't so easy to calculate - and they seem designed for never-ending fights even after the math is done. There were some 8,247 local gatherings around Texas last week, and precinct chairs are supposed to report their results to 254 county chairs quickly (except, this being Democratic politics in Texas, big city precincts report in a different fashion - but never mind them for now.) Based on the precinct results, county conventions are supposed to elect delegates to a state convention - and it is at that state convention...
...quietly increase production unilaterally, and relieve pressure on prices. After all, OPEC output quotas are hardly effectively policed. But analysts believe that assumption may be false. Priddy believes Americans might be unfairly pinning the blame on oil-rich countries. "They want to find someone to blame and Gulf countries aren't popular to begin with," he says. But producers are contending with rising production costs, while extracting oil has become more difficult as land-based wells with plentiful reserves have been depleted in many places, leaving expensive, complicated deep-sea drilling as the best hope for tapping massive new reserves...