Word: duckness
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Congress returns to Washington this week for a five-day lame-duck session, and Republicans and Democrats are gearing up for the first skirmishes in what promises to be a war to remake the U.S. economy. Fights are breaking out within the parties too. Liberal and centrist Democrats are arguing over how fast to push their agenda. Republicans in the Bush Administration and Congress are split over whether to continue deep intervention in the markets. (Read "10 Things to Do with Your Money Right...
Another molecular tome, The Big Fat Duck Cookbook (Bloomsbury USA; $250), includes recipes like nitro-scrambled egg-and-bacon ice cream that are probably out of reach for amateurs. But, says author Heston Blumenthal, whose Fat Duck restaurant in Bray, England, got three stars from Michelin, "we still have lots of little bits and techniques people can pull out and use at home," like poaching potatoes before frying for crisper chips. Blumenthal, by the way, is not fond of the term molecular gastronomy, which he thinks sounds élitist. "Everything in cooking is chemical," he says. "Water is a chemical...
Times sure have changed. Fiscal stimulus is Topic A in Washington. Congress is returning for a lame-duck session with plans to pass a spending bill in the $100 billion range. An even bigger effort is likely in January, when Barack Obama moves into the White House. And it's not just Washington: China has announced a $586 billion stimulus plan, although it's not clear how much of that will be new spending. Germany has approved $29 billion in spending and tax cuts. British Prime Minister Gordon Brown is expected to announce tax cuts soon...
...host and attend such a summit was cause for hope. Just maybe, the thinking went, the severity of the crisis would force even American free-market fundamentalists to rethink their aversion to additional rules - especially to multilaterally binding measures enforced by international organizations. But since then, the lame-duck Bush Administration has signaled its opposition to any significant change to the current system of national regulations. And though President-elect Barack Obama's decision not to attend the event disappointed Sarkozy and other European leaders, some hope he'll be attentive to the concerns and proposals aired in his absence...
...cabinet ("I think it's very important in all these key positions, both in the economic team and the national security team, to - to get it right and - and not to be so rushed that you end up making mistakes.") to getting involved in economic policy during the lame duck session, Obama's answer time and again was: "We only have one president at a time." Clearly, at least until he is that president (and likely even after that), journalists will have to think harder of ways to pry new information from...