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...walk. After a year of contraction, U.S. GDP grew 3.5% in the third quarter of this year, but the jobless rate has surged to 10.2%, the highest since 1983. Raising interest rates runs the risk of worsening unemployment. For the same reason, the U.S. cannot withdraw stimulus spending either, even though the U.S. budget deficit has topped a record $1.7 trillion. Last week, mortgage lender Fannie Mae reported $18.9 billion in third-quarter losses and said it needs another $15 billion in taxpayer money to survive...
...many of his conservative admirers, the challenge to Gorbachev in Berlin epitomized the toughness that made Reagan great: by refusing to compromise his core principles, he defeated communism and won the Cold War. But the truth is that Reagan was more adaptable, politically shrewd and open to compromise than either his champions or his critics prefer to admit. He may have called the Soviet Union an "evil empire," but he was not above negotiating with it. While others saw the enmity between the superpowers as immutable, he insisted that change was possible. And though today he is revered by foreign...
Will Swine Flu kill sportsmanship as we know it? In order to prevent the spread of the H1N1 virus, several sports entities have either actively encouraged or outright ordered that athletes ditch that time-tested, germ-infested ritual, the handshake before or after a game. The Swedish soccer association, Canadian Olympic Committee, Ohio State football team and New England Small College Athletic Conference are among those trying to kibosh the palm-to-palm. "Shaking hands is just a way for us to increase the risk of getting ill," says Bob McCormack, the chief medical officer for the Canadian Olympic team...
Catholic high schools have long provided a way out for high-achieving urban students. But in Detroit, most Catholic schools either closed down or left the city decades ago, after the race riots in 1967, when white Catholics fled to the suburbs and the city's population dropped by half. Only the Jesuits stayed, maintaining U of D's imposing stone structure on the corner of 7 Mile and Cherrylawn. The Catholic order is known for its education systems and its missionary work. In Detroit, they have become one and the same. (Detroit Cristo Rey, a Catholic high school launched...
...National Security Council tried and failed; National Security Adviser Jim Jones tried and failed. Now it looks as if Vice President Joe Biden's effort to referee the dispute between CIA Director Leon Panetta and his boss, Director of National Intelligence Dennis Blair, has not completely resolved the differences either...