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...Goldilocks types are ignoring some macroeconomic realities that threaten this rosy outlook. We are now entering the sixth year of an unusually broad and long-lived global expansion. Thanks largely to easy monetary conditions in the U.S. and elsewhere, this expansion has resulted in the build-up of huge economic imbalances that are unsustainable over the long term. These include the U.S. trade and current-account deficits, the accumulation of $3 trillion in monetary reserves by Asian central banks, excessive debt growth and leverage around the world, and growing income and wealth disparities. A sudden, sharp reversal...
...then drafting a new set of tax credits to kick in this year. With relief in sight, the movie money started rolling back in. "What's surprising is the speed at which the industry's bounced back," says John Woodward, the Film Council's CEO. "But if you can build confidence and persuade the financing community that, going forward, things are going to be stable, you're in a good position." Hollywood already adores Brits: Helen Mirren and Sacha Baron Cohen picked up top awards at Monday's Golden Globes, while a bunch of their compatriots are tipped for Oscar...
...winning in Iraq is to find ways to instill a unifying sense of nationalism in the country's ethnic, tribal and religious factions. Iraqis could build a first-class military to protect themselves from potential enemies and help defend freedom and liberty throughout the Middle East. They could rebuild their nation into an economic dynamo, just as Japan did after World War II. A united Iraq would have no fear of external threats and would be able to fend off Islamo-fascism from within and without. Baghdad was once the cradle of civilization, and it can rise from the ashes...
...sitting in the audience at the plush Penn Club in midtown Manhattan, waiting to hear Post, the great-grandson of Emily, the etiquette pioneer. Post is turned out in corporate splendor--a sharp, dark gray suit. His tone is impassioned, as urgent as a preacher's. His message: Etiquette builds better relationships. Boiled down, he says, Biz Et has three aims: "Think before acting, make choices that build relationships, and do it sincerely." The well-tailored young business crowd pays rapt attention. They are the Rutgers pharmacy students fast-forwarded five or 10 years...
...past year has been the bloodiest in Afghanistan since the fall of the Taliban regime in late 2001. Bomb attacks more than doubled, and suicide attacks increased fivefold. And far from skulking in the shadows, the organization was working to build its media profile. Dr. Hanif gave his mobile phone number to journalists, and could always be reached for a comment on the latest fighting. "NATO says 50 dead Taliban?" he would splutter indignantly. "Not one dead, and we killed 50 soldiers." And even if his count rarely matched reality, the chubby-faced 26-year-old knew how to spin...