Word: feds
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...wishful thinking in some quarters, growth in Europe is slowing, not accelerating; both corporate and consumer sentiment, the best gauge of investment and spending, are falling. A large part of U.S. growth has been driven by booming real estate prices, themselves fueled by the ultra-low rates that the Fed adopted following the crash of U.S. markets in 2000. But in the last two years, the Fed has increased rates an unprecedented 16 times, so real estate-driven consumption is at best yesterday's news. Tomorrow's story will be the sharp fall in U.S. growth as consumers face higher...
...most was the oddly captivating things the French ate, things that nobody ate where she was from, provincial Pasadena, Calif. When her husband Paul moved them both to Paris after World War II, she learned to cook snails and everything else expertly. Later, in books and on television, she fed those things to Americans, and we duly loved her for it. But this posthumous memoir, written with her grandnephew Alex Prud'homme, is about her years abroad, when she attended cooking school in Paris and co-wrote her classic Mastering the Art of French Cooking. It's--what else?--delicious...
...you’re fed up with black-suited d-bags on the Hill, get some non-lobbyist-tainted air along the Capital Crescent Trail from its start in Georgetown to Bethesda, Md. for a weekend bike ride (14 miles there and back...
...remarkable things about Gaddafi's political transformation is how he achieved it with the help of two institutions that fed his greatest paranoia about the West: Britain's Secret Intelligence Service, MI6, and the U.S. Central Intelligence Agency. Gaddafi personally met with top British and American spooks, including the then CIA covert operations deputy chief Stephen Kappes, who is now the leading candidate to become CIA Deputy Director under incoming head Michael Hayden. The Libyan leader became on a first-name basis with them and his officials took them out to Tripoli's faded restaurants...
...prices are high, the Fed raised interest rates again, but what got Americans really outraged last week was the departure of rocker CHRIS DAUGHTRY, 26, from the fifth season of American Idol. Fans were infuriated, threatening to boycott the show and demanding a vote recount. Judges were dumbfounded. And Daughtry was the most shocked of all, saying that his ouster "doesn't make sense logically." Although he didn't make the cut on Idol, Daughtry has already been fielding job offers, including the front-man gig for the band Fuel. Meanwhile, bald guys lost their best hope for a macho...