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...problem is simple in that if you're an individual, a business owner or an entire state and you build your debt level to 70%, 80%, 90% of your revenues, you soon won't be able to pay the interest on your borrowing - much less the principle - and you'll default," says economist Marc Touati, deputy director of the Paris-based financial-services group Global Equities. "We're not there yet, especially for all the nations of Europe. But there are several, including France, that simply must cut spending, deficit and debt dramatically, and soon - or things will get very...
Google’s stand marks an interesting development in U.S.-China relations. It is rather difficult for the U.S. government to criticize the actions of another government, especially one with which it seeks to build important economic relationships. Moreover, reprimanding the Chinese government for violating human rights comes off as high-handed and hypocritical given the deplorable treatment of detainees at Abu Ghraib. By acting independently and without any association with the U.S. government, Google was able to make a very effective statement without any sort of political baggage...
...Fencing, it’s a long road,” Brand said. “You take any little gain you can build on and hope that the person has learned something and will get stronger as the season continues...
...Crimson wasn’t able to build momentum off Morrison’s goal, as Princeton forward Marc Hagel fired a one-timer past Carroll to score his first goal of the season at the end of the second period. The last goal Hagel scored came in the Tigers’ win over Harvard at Hobey Baker Rink...
Despite a retooled strategy that links a U.S. troop surge to efforts to build the Afghans' capacity to govern and protect themselves, Western optimism over Afghanistan's prospects has continued to ebb. So, a key task of the Jan. 28 conference convened in London by Britain's Prime Minister Gordon Brown and co-hosted by Afghan President Hamid Karzai and U.N. Secretary-General Ban Ki-moon was to foster confidence that a positive outcome could be achieved sooner rather than later. "Today's conference represents a decisive step towards greater Afghan leadership to secure, stabilize and develop Afghanistan," declared...