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...metallic trash, to used tempura oil. City residents divide up their own waste and deliver it to nearby collection stations on designated days. This means that every second Thursday of the month, my host parents transport their plastic waste to the collection site near city hall – except, of course, on the second Thursday of an even-numbered month, during which plastic bottles, and not common plastics, are collected. Before they do this, however, they must drive to the nearby supermarket to purchase city-approved trash disposal bags, without which garbage is not received. Each bag costs...
...Lower Ninth Ward sums it up well. Post-Katrina flooding wiped out entire blocks of what used to be a densely populated part of the city. Except for some awkwardly sleek new houses courtesy of Brad Pitt, lots lie abandoned and weed-ridden. Yet even along the canal, a few surviving shotgun cottages sit crumbling in defiance, facing the levee (watched over by the U.S. Army Corps of Engineers) that so spectacularly failed them four years ago. A city just giving the world the finger—there’s something very American about that...
...actually think that the way this process has evolved, I like where we are right now but it's still tough - has to do with the issue of how do you bend the cost curve, because you can't say we're going to control cost inflation except nothing changes; something has to change if health care inflation is going to be reduced...
North Korea does not appear to be in the strongest of bargaining positions. The country's Dear Leader, Kim Jong Il, may be dying, afflicted with pancreatic cancer, according to some accounts. His designated successor is his youngest son, about whom next to nothing is known except that he is in his 20s. There are reports of a power struggle now under way in Pyongyang, as the leadership faces the prospect of life without...
Well, yeah, except that Goldman and JPMorgan played right along with many of the Wall Street practices that led to the crisis. They fought regulation - of derivatives, for instance - that might have prevented it. And their big profits can be traced not only to skill but also to the government's decision last fall to bail out the financial sector just as the troubles that toppled Lehman Brothers and WaMu and forced Bear Stearns, Merrill Lynch and Wachovia into shotgun marriages began to endanger Goldman and (to a lesser extent) JPMorgan. "No one should be confused about the extent...