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...Zealand--born engineer isn't known as the Mad Kiwi for nothing. But his colleagues and financial backers believe in him. Cross Match, a privately held company, plans to put Scott's device, called the Authorizer, into production sometime this fall, charging $10 or so a copy. The gray film, a piece of plastic-coated acoustic ceramic one-ten-thousandth of an inch thick, is for Authorizer's touch pad, to be embedded in a cell phone. To make a credit-card transaction, say, a buyer presses his finger to the touch pad, triggering an imperceptible pulse of energy that...
...winter, Copenhagen will become the center of the climate change world. In December 2009, the capital of Denmark will host the 15th meeting of the Conference of Parties to the Kyoto Protocol, better known as the UN climate change summit. It happens every year - the most recent one was held last December on the Indonesian island of Bali - but Copenhagen will be special. The Kyoto Protocol, which now commits nearly every developed nation except the U.S. to specific cutbacks in greenhouse gas emissions, expires in 2012. Given the lag time in such mind-bendingly complex international negotiations, we need...
...call for a public bailout of what are quasi-private companies. And there a number of other things in the measure that looked like election year pork. All that may be why the "signing ceremony" at the White House this week was so subdued. Bailing out what are publicly held companies is not what the Bush team came to Washington to do. But what is really surprising about making deals with the opposition? It was reminiscent of the way Bill Clinton had to rely on Republican votes to win passage of a balanced budget measure and free trade measures...
...President Bush signed this week was a good deal or not. About all you can say is that neither party had much choice. Washington could not let five trillion dollars worth of government backed agency paper default without sending a signal to investors and central banks in Asia - which held about a third of the debt - that its other guaranteed instruments, like Treasury bills, might not be secure. And so it jumped in to save Fannie and Freddie. I do know that the speed with which Congress acted on that legislation, after months of dithering, tells us a lot about...
...nefarious regional role of Pakistan's intelligence service. Reports in recent days that the CIA has confronted Pakistan with evidence that its spy agency, the Inter-Services Intelligence (ISI), had a hand in last month's suicide terrorist attack on the Indian embassy in Kabul echo India's long-held conviction that Pakistan is backing terrorism in the region...