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...Perhaps, then, it's only fitting that Greek government debt is the biggest threat to global financial stability today. Warning that Greece was in "critical condition," Prime Minister George Papandreou recently said that his country "faces the risk of sinking under its debt." Jitters over a potential Greek default have punished the value of Europe's common currency, the euro, and driven down stock markets around the world. Policymakers worry that Greece's woes will spread to other weaker members of the euro zone, such as Portugal, Ireland, Italy and Spain - a collection of countries traders have nicknamed the PIIGS...
...down a long hall of distorted mirrors, then pulls the expertly woven rug of plausibility from under their feet to reveal the scary graffiti on the floor. Whether you feel enlightened or swindled is your call. But stick around for the final scene, where self-knowledge may redeem the biggest monster on Shutter Island...
...first tsunami wave is expected to hit at 11:04 a.m., Hawaii time, at heights estimated from 39 inches to six feet. Through local lore, residents know that the first wave may not be the biggest one. Indeed, because of the island's geography, the waves are expected to wrap around the islands, bouncing from one to the other, after they first make impact...
...That is classic Jody Freeman,” Lazarus said. “While the economy was cratering, while there’s a war in Iraq and in Afghanistan, Freeman was able to make the biggest push in higher emissions standards this country has ever seen...
Critics of direct mass democracy say many ballot measures are flawed and incoherent and that hot-button measures - such as initiatives on immigration, guns and offshore drilling - are designed to bring out certain groups of voters on Election Day. As Kimball points out, the biggest positive of the initiative process is that states with ballot measures as part of the political culture are more responsive to the citizenry than states without. The biggest negative is that the cumulative effect of initiatives - some of them constitutional amendments nearly cast in stone - severely hamstrings state legislators and governors as they do their...