Word: hardding
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...supposed to be based on. Stocks have skyrocketed since early March, providing the earliest and strongest signal that the recession might ebb soon. One could even argue that rising stock prices brought optimism that has since begun to show up in real economic data, although if you think too hard about such feedback loops it will just make your head hurt. (See 10 things to buy during the recession...
...Before the current financial crisis began in 2007, U.S. corporate profits were at their highest level ever, both in absolute terms and as a percentage of gross domestic product. It's awfully hard to imagine a return to that kind of profitability anytime soon. Welcome to the new normal...
...partner AT&T could still foul things up. The old phone company is running as fast as it can, but it continues to be an anchor on Apple and is having a hard time delivering on some of the iPhone's promise. Among other things, the iPhone 3Gs offers video and can be wirelessly tethered to your laptop and act like a modem. (Say goodbye to ever again paying for wi-fi in hotels!) But AT&T won't discuss the matter, other than to say it will support the features someday. It won't even say whether it intends...
...Many South Koreans feel the same way. In recent years, Seoul has tried just about everything - from hard-line demands to generous food and fertilizer aid - to convince the isolated regime to end its controversial nuclear-weapons program and improve ties with its southern neighbor. But relations between the two Koreas have remained more or less unchanged. The stalemate on the peninsula that began after the Korean War of the early 1950s continues, with Pyongyang still regularly hurling threats and insults at the South. The North's stubbornness has left South Koreans feeling helpless and uncertain about what an effective...
...summits - in 2000 and 2007 - but Pyongyang offered Seoul no meaningful concessions in return for its help. Upon taking office last year, Lee changed course and linked further economic cooperation to the dismantlement of North Korea's nuclear program. Some in the South believe Lee has to change his hard-line stand to reduce the rising tensions. "For the past years, we had built up some sort of a relationship" with North Korea, says homemaker So Young Soon, 51. "But this administration I think has failed to negotiate with the North...