Word: flooded
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...Floods and earthquakes usually spell political trouble for Latin American strongmen, but Venezuela's killer flood may affirm the popularity of President Hugo Chavez. The former paratrooper, who once served jail time for a failed coup attempt, personally took command of 1,000 elite paratroopers over the weekend and supervised the delivery of disaster relief. By deploying the military throughout the country to help Venezuela cope with the devastation that has killed at least 10,000 people, Chavez appears to be delivering on his populist commitment to share the oil-rich country's resources more equitably. And to underscore...
...couple of reasons. First, the principle of free trade may be true, but it's not obviously true. In fact, it's counterintuitive. If a factory shuts down because of a flood of cheap foreign products, how is that good? If middle-class Americans find themselves competing with foreigners being paid practically nothing and living in squalor, how can this send Americans' standard of living up and not down? If another nation is willing to pollute its air and water in order to produce goods for sale in the global economy, how can America join that economy and still hope...
...hope for Japan now is that the new will rise on the ashes of the old. It won't be easy. There's no flood of new money on which to float a lot of start-ups, nor is there patience for companies that don't start making money immediately. The threat of massive failures at the big old companies has already drawn a backlash from top politicians who want to preserve lifetime employment. Next March, analysts predict, Nissan will announce an even bigger loss. But then, what's bad news for Nissan is good for Japan. --By Frank Gibney...
Endorsements are already starting to trickle in--former council President Beth A. Stewart '00 announced she will endorse council treasurer Sterling P. A. Darling '01 and is working on his campaign--and the trickle will likely become a flood as other campus figures and student groups decide which candidate they support...
Egyptian officials and el-Batouti's family scoff that the NTSB fashioned a chain of events before there was sufficient evidence to rule out mechanical failure. They rail against the flood of premature news leaks and unsubstantiated, sensational headlines. They vehemently deny the notion that a regularly vetted pilot with 35 years' flying experience would suddenly commit mass murder. At least three pilots and some of the 33 air force officers were in the first-class cabin, but no one tried to overpower el-Batouti in the cockpit...