Word: counte
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Then markets calmed, the Dow cracked 14,000, and the world got back to business. Don't count on that happening forever--today's jitters do probably presage something worse. "Rather like a brontosaurus that has been bitten on the tail and most of the body hasn't noticed it yet, the signal is working its way up the vertebrae," says Jeremy Grantham, chairman of Boston money manager GMO. But even the bearish Grantham doesn't see the reckoning coming tomorrow or even necessarily next year. And in the meantime, something with far more impact on most Americans' lives than...
...world economy is in its fifth year of nearly 5% growth. But the U.S. is no longer leading. Foreign financial markets are booming and pulling in money. Rising commodity prices are complicating the Fed's inflation-fighting job. As a result, the U.S. consumer can no longer count on a steady flow of low-interest debt...
...Hilton) but don't necessarily presage a crash. The Federal Government, which gets an ever higher percentage of its revenue from the minority of taxpayers who are profiting from the global boom, is making out O.K. as well. But the era of easy money, when ordinary Americans could count on borrowing their way out of trouble, looks to be over...
...rebels, of course, are all for mato oput. LRA leader Joseph Kony was indicted, along with three other commanders, by the Hague-based International Criminal Court (ICC) for war crimes and crimes against humanity. Kony and his co-defendants say that they want the government to scrap the multiple-count indictment. If not, the rebels warn that they will not sign a peace agreement that is being hammered out in Juba, in southern Sudan, between the Ugandan government...
...Olympia Snowe of Maine, Gordon Smith of Oregon and Arlen Specter of Pennsylvania. "We're realists," he said during a July 4 parade in Washington. "We know that we need the support of Republicans." Whether or not he gets the political backing he needs now, at least he can count on future generations of public support. Behind him, a mother pushed her infant in a stroller. Perched on the front was a sign written in a child's scrawl: "My mommy just paid her federal taxes - but she still has no vote. That is not fair...