Word: forgiven
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Economists can be forgiven for being a little loopy these days. The scope and suddenness of the ongoing financial crisis have been a rude awakening for many. "No one expected the problems to run this wide and deep," says a Harvard Ph.D. in attendance. "It's chilling." That's why many of the more accessible jokes of the evening involve bashing U.S. Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, President Bush and just about everyone on Wall Street. "Italian Mafia are gangsters who make offers you can't refuse, whereas financial mafia are bankers who make you loans...
...Growing pains may be forgiven in emerging democracies. But if the current political instabilities are allowed to metastasize, Asian nations could tire of the notion of democracy altogether because it's considered too messy, ineffectual or corrupt. In South Korea, Mongolia, Taiwan, Thailand and the Philippines, a study by the governance-tracking Asian Barometer Project found that more citizens believed that the nations' recent democratic transitions had brought no improvement to their lives than those who saw positive changes. With time softening the memories of autocratic rule, nostalgia for overthrown dictators is spreading. Some are even calling for a resurgence...
...Ayatollah fight. Will he pass it up to save his life? (Not if there's gonna be an Act Three.) He also has a stab at mending the hearts of the women in his life. Will Randy manage to connect with his estranged daughter (Wood), who hasn't forgiven him for abandoning her? (That's Act Two, where the only innovation is that the girl's mother is never mentioned.) And will a local stripper, well played by Tomei, respond to his plaintive love and drive down to see what may be Randy's last fight? (Can't have...
Frantic Bookstore customers should be forgiven for riffling through the pages of this slim book. After all, this is the new Nobel laureate in economics addressing the main--perhaps only--topic of conversation these days. But Krugman's assessment is only partly reassuring: "We're not in a depression now, and despite everything, I don't think we're heading into one (although I'm not as sure of that as I'd like to be)." In this updated and revised edition of his prescient 1999 book, the author shows how the Asian and Latin American financial crises...
...that "something on the order of several hundred thousand soldiers" would be needed. Forty-eight hours later, it was the derisive reaction of Wolfowitz, who never served in the military, that Shinseki's estimate was "wildly off the mark" that cemented Shinseki's legacy. (Many soldiers still haven't forgiven him for outfitting the entire Army in the distinctive black berets once reserved for its elite Rangers...