Word: flush
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...students riffed on transubstantiation, the historical roots of incense and why it's not O.K. to pour Communion wine down the drain ("You're not going to flush Jesus," noted Rhonda VanDyke Colby); other weeks, the conversation runs the gamut from politics to premarital sex. "The first task is deconstructing what people think they know," she says. "A rigorous faith is going to serve them well. A rigid one is going to break when the first strong wind comes along." Several past participants have joined new churches; others say they've come to a deeper understanding of God. In some...
...Japan's charm offensive is taking shape on several fronts. Cash-flush Japanese banks, which have only just emerged from their own decade-long debt crisis, are infusing money into distressed companies such as Morgan Stanley. Japan Inc. is going on another of its famous investment sprees abroad, opening factories and representative offices across Africa and Asia. In October, the country's central bank even offered part of its nearly $1 trillion in reserves to financially strapped nations like Iceland. In November, Japan also expressed willingness to lend up to $100 billion to the International Monetary Fund...
...Although he has barely had time to articulate his leadership priorities, Aso appears committed to burnishing Japan's global influence. Over the past decade, the nation's foreign-aid budget has nosedived. In the early 1990s, flush with cash from its long boom, Japan was the world's largest donor. Now, it's fifth. Aso might reverse the trend. In August, Japan's Foreign Ministry requested a 13.6% increase in next year's foreign-aid budget. In October, Aso made headlines when he signed off on a record $4.5 billion loan to India. That commitment followed on the heels...
...Russian oil and gas. But for all of its fabulous riches in the ground, Russia remains a kind of Third World country, an extraction economy whose welfare and clout fluctuate with the price of oil. Today, oil fetches less than one-half of what it did when Russia, flush with cash and cockiness, invaded Georgia. Its stock market has crashed more heavily than any other - by more than...
Even so, the Fontainebleau facelift - which in all fairness began three years ago, when Miami and the country still felt flush - is an impressive, lovingly detailed restoration of a national architectural treasure, right down to the lobby's signature, bowtie-shaped marble floor tiles. And the hotel's prices actually compare favorably to other upscale U.S. resorts. When the economy rebounds, say the Fontainebleau's new proprietors, the resort will still be what it was in the 1950s and 60s, a stage where even the middle class can see and be seen...