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...Iraq. Pakistan's generals have shown no enthusiasm for such a change, despite a massive infusion of U.S. military aid meant to make it happen. Much of that money has been stolen or spent to defend against an attack from India; little has reached the border with Afghanistan. Army chief Ashfaq Kayani has made some effort to take on the Taliban and other militant groups, but fitfully and with mixed results...
...movie producers to buy film and $1.4 billion for "rural waste-disposal programs." Principled conservatives worry that it's so big, it will institutionalize Big Government; principled liberals worry that it won't be big enough to resuscitate a flatlined economy. And a bipartisan chorus--including Clinton Administration budget chief Alice Rivlin and Reagan Administration economist Martin Feldstein--has argued that the stimulus package ought to be all about stimulus. Those people want to focus on fighting the recession, and they don't see Pell Grants, renewable-energy subsidies, health-care technology and Head Start as the best ways...
...housing market or too little government regulation of financial markets. In the rest of the world, that's no debate: inadequate and inconsistent financial regulation is uniformly blamed. What's more, a consensus seems to have emerged among the world's finance ministers and central-bank bosses that the chief underlying cause of the crisis was an unbalanced and out-of-control system of global capital flows in which some big-spender countries (namely the U.S.) ran up huge debts while big savers (China and India, for example) hoarded surpluses...
Accompanying Walter's story is a terrific piece by our well-known tech editor-at-large Josh Quittner, who believes that the salvation of journalism may lie in a combination of the next generation of e-readers and micropayments. Josh, a former editor-in-chief of Business 2.0, has spent more than a year thinking and reporting on this idea. The advent of the iPhone and devices like it--killer gadgets connected to a store where one can make a micropayment with the touch of a button--was his eureka moment. I think Walter's and Josh's insight, reporting...
...community frustration at last night’s Allston-Brighton neighborhood task force meeting.Residents demanded that Harvard follow through on its promise of community benefits and implement them quickly, regardless of possible changes to the Institutional Master Plan that lays out the University’s proposals for expansion. Chief University Planner Kathy A. Spiegelman said that the troubled economic climate is forcing the University to analyze all capital projects, and that it is unlikely that the University will file an updated IMP as planned in early 2009.Harvard broke ground on the science complex—its only Allston expansion...