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...based in Pittsburgh, Pa. "The weak dollar discourages foreigners from investing in our markets. And that could have a catastrophic effect." Foreigners hold about 12% of the U.S. stock market, 23% of corporate bonds, and 44% of the Treasury market. That's more than $7.3 trillion of U.S. assets, equal to 73% of America's gross domestic product, according to researchers at Bridgewater Associates, a global asset management firm based in Westport, Conn...
Instead, Johnson signed with tiny Enjoy Records, whose only goal was to sell a few copies of Brushfire Fairytales in surf shops and boutique record stores. The 50,000 albums sold on a production and promotion outlay equal to your average Iranian art film made for a tidy profit. Johnson has also managed to tear himself away from the beach long enough to do some sporadic touring with Ben Harper, though he hopes not to make a habit of it. Nor is he sure there will be another Jack Johnson record. "There's no ambitions musically. I like to just...
Many of today's global musicians move back and forth from their native tongues to English, on the same album, sometimes on the same song. There's a sense that geography doesn't have to equal destiny. The Tokyo-based rock trio the Brilliant Green's latest CD is almost entirely in Japanese. It was recorded in Tokyo. The CD's title? Los Angeles...
...been committed on American soil. When the last comparable atrocity came screaming out of the sky over Pearl Harbor, the United States responded with a political and military campaign that resulted in nothing less than the destruction of the system that produced the attack. Surely a response of equal gravity is needed today: we must combat the threat of terrorism and do whatever is necessary to safeguard the security of the territorial United States...
...that the country is united. And it is, of course. But how long will the consensus last? Americans will surely back Bush when the first bombs fall. But there's no guarantee that the many measures that might follow - occupying Kabul, a military draft, restrictions on travel- would garner equal support. At the moment, Americans are admirably bracing themselves with a "Saving Private Ryan"- style grim determination to meet the enemy head on. But don't assume that that consensus can't crack...