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...into spending money on expensive clothes? Are kids these days actually acting responsibly? "More than ever, we're seeing that teens are responding to value," says Jeffrey Klinefelter, an equity-research analyst at Piper Jaffray who has written a semiannual research report, "Taking Stock in Teens," for the past eight years. "They seem to be taking on some personal responsibility and discipline in spending money...
...Formula One's top teams are having none of it. On June 18, the F1 Teams Association (FOTA) announced that eight of its biggest teams, including Ferrari, McLaren, Renault, Toyota, BMW Sauber and current competition leader Brawn GP, plan to set up a rival championship for the 2010 season. They say the rule changes proposed by Mosley would create an unsatisfying two-tier competition by setting different engineering rules for teams that accept the cap and those that don't, and that the spending cap would hinder innovation. A series of recent changes in the rules governing design have also...
...news blindsided official Washington: Senator John Ensign, a well-known social conservative and family-values advocate, admitted on June 16 to an eight-month extramarital affair with a married campaign aide. The Nevada Republican's sober confession, read before a pack of reporters in Las Vegas, doubtlessly dashed the hopes of many in the party who considered Ensign an emerging national leader. The 51-year-old even fanned the flames of presidential speculation earlier this month with a trip to the key presidential-primary state of Iowa. Beyond embarrassing the second-term Senator, the revelation opened him to charges...
...neighbors, is among several commemorations being held this month in Cedar Rapids and across eastern Iowa to mark the one-year anniversary of flooding that deluged cities large and small, upending many lives and causing an estimated $10 billion worth of damage ($6 billion in Cedar Rapids alone). Eighty-eight of Iowa's 99 counties were declared a natural disaster area as a result of last year's flooding and two deadly tornadoes. While progress has been made to recover from Iowa's worst disaster, many frustrated homeowners still await government help to rebuild or buy and level their flood...
...seafood brunch, on how to source that hard-to-find JJ Prüm 2005 Gold Kap, or how to transport wine safely (microchips embedded in the crates to regulate and monitor temperature, and track location, will help), Sarment's sommeliers provide round-the-clock service. They also spend eight weeks a year on the road to find new wines and forge relationships with reclusive Bordeaux winemakers...