Word: capitale
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Torrential rains brought on by Typhoon Ketsana ravaged the Philippine capital, causing flooding that killed at least 250 people, displaced thousands and submerged buildings beneath up to 20 ft. (6 m) of water. Several countries pledged aid, and President Gloria Macapagal Arroyo opened her palace to those left homeless. But...
The eight days of festivities marking the 60th anniversary of China's communist revolution on Oct. 1 include tanks, soldiers on parade, fireworks and a display of 40 million potted plants. But some things aren't happening: pigeons have been grounded in the capital out of fear they'd endanger...
Then come the tax breaks. The stimulus bill approved in February included an $8,000 tax credit for first-time home buyers - at a cost of about $14 billion for the year. That's set to expire, but there's talk in Congress of extending or even expanding it. A...
Housing subsidies have side effects too. For one thing, they push us to buy rather than rent. There's a positive side to this, as homeowners tend to take better care of their property and their neighborhood than renters do. But there's a negative one too, particularly in times...
The report sounds fantastical on its face, and Muhammad al-Jasser, Saudi Arabia's central bank governor, lost no time in branding it "absolutely incorrect." But the fact that these assertions are being made at all shows how seriously confidence in the dollar has been shaken. The world's central...