Word: gaine
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...making a scapegoat out of India could wind up hurting the developed economies. Economists calculate that international trade adds about $1 trillion a year in benefits to the U.S. economy. Even the offshoring of white-collar jobs, despite the hardship it brings for laid-off workers, is a net gain for developed nations like the U.S. and Japan, as well as for the country where the jobs land. Every dollar of spending that U.S. companies transfer to India creates $1.46 in new wealth, according to McKinsey & Company, a management consultancy...
...Katinka Barysch, deputy director of the London-based Centre for European Reform, says Russia is simply flexing its muscles. "Russia's main objective at the moment is to establish itself as a great power, to gain the respect of its international peers," she says. The country's new confidence is founded on its oil and gas reserves, which it has used for political leverage. "There's been a lot of pressure on governments to go soft on Russia because it's seen as an important new economic player," says Denis MacShane, Britain's Europe Minister from 2002-05. And Western...
WHAT TO THINK Sydney officials, at least, are being pilloried by local newspapers, especially after advising that pet owners stow cats in pillowcases. Critics think this is all just fearmongering for political gain, designed to instill a bit of panic before Australia's upcoming general elections...
...print ensemble to stave off chills during late-night dips. Her mother Norma Suarez, 69, got a suit because her medications make her skin sun-sensitive. "We're both hooked," says Martinez. Meanwhile, Kathleen Petroff, 59, of Helendale, Calif., bought her Splashgear suit for a snorkeling trip, after weight gain from multiple-sclerosis treatment made her old suit unappealing. If not for Sabet's design, she says, "I would have missed swimming with the dolphins...
...Minister Ehud Olmert, according to a Tel Aviv-based intelligence official, is refusing to release any prisoners who aren't Hamas. (Hamas asked for freedom for members of other Palestinian factions, as well as foreign terror suspects in Israeli hands.) Apparently, Olmert wants to avoid Hamas being seen to gain legitimacy among the Palestinian public by securing prisoner releases, according to this source. To boost Palestinian President Mahmoud Abbbas in his struggle with Hamas, Olmert has vowed to release 250 of Fatah loyalists, a deal criticized by Palestinians as selfish on Abbas' part...