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Richard Nixon is telling David Frost about the day in March 1973 when he realized he had to fire his chief domestic advisor, John Ehrlichman, for abetting the Watergate cover-up - or, rather, for being fingered by the press for doing it. Tears glimmer in the ex-President's eyes, then he closes them to contain the pain as he staggers through his reciting of the conversation. "I said, 'You know, John, when I went to bed last night,' I said, 'I hoped,' I said, 'I hoped, I almost prayed I wouldn't wake up this morning.'" He grimaces...
...eight years later. His White House was no Camelot; Pat Nixon, of the "good old Republican cloth coat," couldn't match Jackie Kennedy, the movie princess swathed in Cassini couture; and Milhous was, in media terms, a throwback. As Kennedy was the first TV president, Nixon was the last Chief Executive of radio. (See pictures of TIME's JFK covers...
...raises the question as to whether the government should be offering low mortgage rates all the time, not just during a crisis," says Laurence Yun, chief economist of the National Association of Realtors, which has been pushing for a plan to lower mortgage rates for the past month. Yun predicts lowering 30-year fixed mortgages to 4.5%, from their current rate of 5.5%, would produce an additional 500,000 home sales in the next year. "We need to do this because the economy will not stabilize until home prices stabilize," says Yun. "The way to do that...
Witness Islamabad's response to India's call for the chief of Pakistan's Inter Services Intelligence (ISI) organization to visit India to assist the investigation. The ISI is an arm of the Pakistani military that has long cultivated jihadist groups ranging from the Taliban to Lashkar e-Toiba (LeT), prime suspect in the Mumbai massacre. Pakistan's government immediately announced that Lieutenant General Ahmed Shujaa Pasha would fly to India to comply with New Delhi's request. A day later, however, Pakistan changed its tune - reportedly following a midnight meeting between army chief General Ashfaq Kiyani, on one side...
...piracy problem become that several international shipping companies have chosen to abandon the shortcut through the Suez Canal that requires their vessels to pass the Somali coast, and instead route them around South Africa. "As long as there is no firm deterrent, attacks will continue," said Noel Choong, chief of the International Maritime Bureau's Piracy Reporting Center in Kuala Lumpur. "The risks are low, and the returns are so high." And not only for the pirates, either...