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Ankit Mehra stops in front of a Tata Nano and waits for the crowd to clear. When it thins, the 22-year-old M.B.A. student aims his camera phone at a neon green model of the world's cheapest car and takes a photo. Mehra sees the appeal of the small, sleek car that has gained almost celebrity status in India, but his heart is set on something a bit grander in the New Delhi Auto Expo showroom - the upmarket Audi Q7. (Watch a video on owning a Nano...
...since the crisis, a number of academics have pretty much refuted nearly every one of those early explanations as being too specific. Some economists have even questioned whether there was a credit crunch. Economic professor René Stulz of Ohio State University, for one, has written papers trying to clear Wall Street pay and credit-default swaps of any blame. Despite recent apologies, Goldman Sachs executives, too, say that they are no more to blame than anyone else in the financial markets. (See high-end homes that won't sell...
...alike. Franz Josef Jung, who was Defense Minister at the time of the bombing, resigned over the controversy, but other German officials declared that the event galvanized the country's commitment to being a full partner in the conflict, despite the inherent brutality of any war. "We have made clear," said Merkel's new Defense Minister, Karl-Theodor zu Guttenberg, on a visit to Washington in November, "that German soldiers are not any longer in the north only to dig holes for water and to wave at children. More and more, we are also in combat situations." (Read: "German Court...
...elliptical dialogue; his rogue's gallery of hustlers, con men and losers; his twisty, shaggy-dog plots; his cynical take on the American dream--Mamet's style and themes have seeped into nearly every pore of American theater. (Non-American theater too: Martin McDonagh, whose Irish black comedies are clear descendants of Mamet's work, has called American Buffalo his favorite play...
...clear: Angola's decision to hold an international football match in Cabinda was an extremely poor one. Cabinda is an oil-rich province where the Front for the Liberation of the Enclave of Cabinda (Flec) is fighting for independence and a fair share of oil revenues. But you can hardly blame that decision on South Africa or extrapolate that the Jan. 8 attack portends disaster for the World Cup. What about the fact that South Africa is years ahead of Angola in terms of industrialization, organization and experience in running sporting events? What about the fact that South Africa recently...