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...have is each other now," says Leif. "This is a story of a system that failed us. The Securities and Exchange Commission needs to be abolished, and a new system of regulation needs to replace it. There is a bigger story here, the downfall of our government. Where were the checks and balances? We can't continue this system. We have the power to collectively change this, and we will. I was born for this battle...
...including everything from announcing a 4 trillion renminbi ($587 billion) stimulus package, repeatedly lowering interest rates and taking substantive moves to bolster the property market and encourage consumer spending. "They've done everything right so far and very fast," says one western diplomat in Beijing. "Often it's been bigger and faster than other countries like Germany, and they aren't afraid to advertise that fact in the papers and on CCTV...
...hard year. In April, Martin Luther King Jr. was murdered; in June, Bobby Kennedy followed; in August, the Democratic Convention in Chicago dissolved into bloody rioting; and in each month of that exceedingly bloody year, 1,200 Americans had died in Vietnam. So people had bigger things on their minds in October when Apollo 7 - the first of the three-man Apollo ships - had orbited the Earth. And people might have been equally indifferent in December when Apollo 8 went aloft - except that Apollo 8 would be traveling a little farther than Earth orbit. (Read TIME's Top 10 Scientific...
Still, this economic downturn has the potential to put a bigger dent in happiness than the past few. Unemployment is expected to rise higher than it did in the recessions earlier in the decade and in the 1990s. And economists and psychologists, not surprisingly, agree that unemployment is a big downer...
...city already has about 6.5mW of solar power hardware installed in the city, most of it from a relatively small number of big commercial and municipal projects. Newsom is aiming for 31mW of solar by 2012, part of a bigger plan to provide 50mW of total renewable energy by the same year. Newsom's office is also identifying the 1,500 business that have the biggest solar potential in San Francisco - saving them equally big money - and is offering a special incentive to solar contractors who employ graduates of San Francisco's workforce training program, part of the mayor...