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...appears. Perhaps things weren't that bad when Thain decided to take off to Vail, and then Lewis got ahold of Merrill's books and decided to make them look worse than they actually were. Too dastardly, you say? Maybe, but Lewis could use the illusion of a bigger loss to get money from the government and at the same time get rid of Thain. What's more, if Lewis hangs on, the latest loss makes 2009 earnings look better than they otherwise would. The only problem with this theory is that it's very risky for Lewis, because...
...usually jams up the final months of any outgoing Administration. But it also had a tactical purpose: new regulations require 30 to 60 days from their official publication in the Federal Register to take effect. (Regulations that have an "insignificant" economic effect - less than $100 million - need 30 days; bigger rules need 60.) By finalizing midnight regulations at the beginning of November, the Bush Administration ensured that most of the rules would be in effect before Obama took the oath of office on Jan. 20 - in some cases, just before. (See the top 10 green ideas...
...growth could stall. Corn ethanol in the U.S. - which many environmentalists believe doesn't deserve the term "renewable" - has cratered, also hurt by rapidly falling gas prices. Most of all, however, clean tech businesses generally lack the political weight to jostle for the bailout funds won by older and bigger industries like the automobile manufacturers. "It's just tough for them to be heard," says Steve Sawyer, the director general of the Global Wind Energy Council...
...need them fast. You can't get those solutions from politics. You have to get them from scientists and engineers. So the value of science to the nation, I think, is currently being driven by our economic needs. But what people need to keep sight of is that the bigger value of science and technology to a nation is so that you can thrive as a nation going forward, so that you can thrive five years out, 10 years out, 20 years out. And investments in research and development today pay dividends on those time scales, not on the time...
...still needs to define victory down. Afghanistan is bigger and more populous than Iraq, with harsher terrain and a literacy rate one-third as high. It has no real history of centralized government; a fictional border with Pakistan, which militants cross with ease; an economy based largely on drugs; and a leader who--although still popular in the U.S.--is widely considered a disaster at home...