Word: familiarization
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Those days in Tokyo underpin Geithner's current worldview. Remember: Japan went from boom to bust because a credit-fueled housing bubble burst. Sound familiar? The result was Japan's infamous Lost Decade of little to no economic growth. And it was, in part, the withdrawal of Japanese capital from the region that helped set off the Asian crisis in 1997 and '98 - when countries from Thailand to Russia to Indonesia to South Korea devalued their currencies and saw their economies crash. The lesson for Geithner was clear. "From my time in Japan and then dealing with the crisis...
...Scott Boilen, CEO and president of Allstar Products Group, the company that makes the sleeved fleece, is familiar with Snuggie haters; he's seen Cosgrove's rant: "Publicity is publicity. At least people are talking about it," he says. And people are evidently buying it, with more than 3 million Snuggies sold and counting. This is perhaps not surprising in a country that turned the inventor of the Pet Rock - a pebble with googly eyes glued on - into a millionaire in three months...
...thing that will be very familiar to the new First Family is city life. Unlike every other President stretching all the way back to Theodore Roosevelt, Obama has spent his entire life living in urban areas. Some of his supporters believe this background makes him more culturally sophisticated than many of his predecessors (they're relieved he won't call the city "Warshington"), while others say it allows him to better understand multicultural, 21st century America. But the fact that Obama has spent weekends walking down the street to the barbershop instead of riding a 4x4 across a ranch...
...change will become official when a Jan. 13 flight from London Heathrow to Rome Fiumicino takes off. The plane making the trip will have the familiar red and green stripes on its tail, and the crew will sport their old uniform pins. But this will be the "new" Alitalia, under private ownership, merged with upstart competitor Air One, and now partly owned by its French-Dutch rival. No more Futurist paintings to be sure, but perhaps Alitalia once again has a future...
...again if he thought he had made any mistakes. As he has done since John Dickerson first asked him that question four years ago, the President ran for the safety of history. "There is no such thing as short-term history," he said, and he laid out his familiar assertion that his presidency will look different to historians than it does in its current historically unpopular state...