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...currency. The euro was managed by monetary wonks at the European Central Bank in Frankfurt for whom the Greek economy was but a blip. And the decision makers in Athens with responsibility for fiscal policy continued to blunder. The country kept running big deficits in the boom years. Then came the Great Recession. Last fall, a new government revealed that the 2009 budget deficit was much higher than previously disclosed--nearly 13% of GDP. Ever since, the world's financial markets have been going through another of their periodic losses of faith in Greece. Only this time...
...coastal storms. Its levees are too weak, and the wetlands that once protected it from hurricanes continue to melt into the Gulf. But the Lombardi Gras felt like a new beginning for a who-dat city of underdogs--especially coming just days after its black and white residents came together to install new adult leadership in the form of Mayor-elect Mitch Landrieu. Maybe he can combine the bold vision of Saints coach Sean Payton with the brilliant execution of quarterback Drew Brees. It won't mean much if the next storm wipes it all away. What New Orleans still...
Cynicism is among our most punctual instincts. Within days of the earthquake in Haiti, there came warnings of impending compassion fatigue, wagers of how long it would be before we turned away to the Super Bowl, the Olympics and the Oscars, leaving Haiti to misery...
...shared values. Few paid much attention last December as Southern Republicans in the Senate blocked a $14 billion federal rescue of GM and Chrysler. That lawmakers representing states with nonunion foreign-auto plants should blame organized labor for not slashing worker benefits to levels offered by Nissan hardly came as a shock...
Fleck said that he was looking for spiritual direction throughout his time at the College and joined the Episcopal Church after graduating. He came out during his senior year, though only to a handful of close friends...