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Though worried about the underlying causes of the crisis - overspending by governments that led to spiraling budget deficits and public debts - Moreau Defarge believes member states will indeed take whatever efforts are required to save the euro. "There's nothing for any of them to go back to," he says. "This is the present and future they've chosen...
...remembers that souring subprime loans kicked off the real estate meltdown, that's a scary thought. Recent analysis from Standard & Poor's (S&P) anticipates that a full 37.5% of such loans (dubbed option ARMs) that were written in 2007, at the height of lax lending, will eventually go bad. The kicker is that most option ARMs undergo payment spikes after five years, which means the brunt of the impact has yet to be felt. That will change in late 2010, delivering another blow to the fragile housing market just as it begins to regain strength...
...types of injuries people have make it so that they need about three months of healing before they are able to mobilize themselves,” Rosborough said. “People in the thousands have nowhere to go after emergency treatment...
...views - programs like the early (and more substantive) incarnation of CNN's Crossfire or William F. Buckley's Firing Line. There's no guarantee that the conversation would be edifying, of course. But it would be a useful antidote to the current cable and blog ghettos, where you can go years without hearing the other side make its case. The recent televised meeting between Obama and the House Republican leadership was a reminder that honest but civil debate can show people that their side isn't infallible and that not everyone on the other side is evil and foolish...
...striking that the Reform Party, founded by Perot to keep his crusade alive, has virtually no appeal to the Tea Party crowd. There is a lesson in that. Grass-roots uprisings come and go, and protest candidates rise and fall. In the flush of righteous battle, people focus on the beliefs they share and tolerate points of difference. Eventually, though, the battle ends, the smoke clears, and even when the movement has some success, its troops tend to go their separate ways. After Perot retired from politics, his movement fell to pieces; Patrick Buchanan carried the Reform Party's banner...