Word: emu
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...Europe's common currency itself. Nouriel Roubini, one of the economists who predicted the global financial crisis, and his colleague Arnab Das argued in a Feb. 3 opinion piece for the Financial Times that unless Europe works out some formal rules to deal with individual states' problems, "doubts about EMU [Economic and Monetary Union] sustainability will return in every downturn. Sooner or later these doubts will be validated." (See pictures of the global financial crisis...
...road. With a Formula 1 driver's judgment of closing velocity, at the last second they wheel into the sky, crows playing chicken with the traffic. The tableau of roadkill they are enjoying looks like a multi-species suicide pact. There's the standard eviscerated kangaroo, but also an emu less than a meter away, head tucked under its wing as if sheltering from the wind that fluffs its feathers. Beside it is a foul-smelling black-and-white smear that might have been a penguin, for all the amateur pathologist can make...
...Myers claims to be unsentimental when it comes to gnomes-"there's just that many of them, so you don't have favorites." Hardest to make is an elegantly tapered, 1.2-m-tall painted emu, which carries the relatively steep price of $160. Which all helps to pay the rent. And, despite the distant noise of the highway, he couldn't wish for a better place to farm gnomes. "A beautiful little spot," he says. Enchanted, to be sure...
...interest rates would have a significant impact on global money flows. For one thing, it could spell the end of the Japan "carry trade," the practice of large investors borrowing yen cheaply to invest in anything with higher yields?from U.S. treasuries to stocks to emu farms. The carry trade has been blamed for speculative excesses in global stock and commodity markets, not to mention exotic investments like Icelandic and New Zealand currencies. In June, financier George Soros blamed the recent dip in global markets on the BOJ's money-supply tightening since March, noting: "When the Japanese central bank...
...black pepper." This year she and 20 friends went all local for a week in January--hardly a season of plenty in New England. It wasn't so bad, what with baked squash, wheat-berry porridge, Vermont-cheese fondue, Indian pudding, parsnips, maple-apple pie and even elk and emu meat. But now that they have nothing to prove, they're reverting to August, as are two Vermont groups. Why make the effort at all? McGovern says she feels powerless to fight the globalization of the food supply, "But locally, I can vote with my food dollar three times...