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...Capitol, put his hand on the Bible and promise to "preserve, protect and defend the Constitution of the United States." Then after delivering his Inaugural Address, the 44th President may step inside the Capitol and sign the lead elements of a two-year, $1 trillion economic-stimulus package, the largest ever fiscal booster shot in peacetime. Never mind all the familiar chatter about a new President's first 100 days; Obama's first 100 hours could break some records...
...tracked Eddy, the flute player, to an apartment in Guadalajara, Mexico's second largest city. He hasn't seen his family in two years. Every Tuesday he goes to the immigration office to try to get temporary visas to bring them to Mexico. But the Mexican bureaucrats keep asking for bribes. And he's not sure how his wife would even adjust--she's too communist, he says, laughing. She would miss her friends and co-workers in Cuba too much. For her part, she told me when I visited her in Santa Clara that she always knew it would...
...least money. It was during the Depression that my grandfather became a great collector. He was not born rich, but he had a genius for money, especially for primitive and "odd and curious" currencies. In 1934, the New York Times described his coin collection as one of the largest in the world. "A lot of people call us crazy," he told the paper, "but I think it's a worthwhile hobby. It keeps me broke most of the time." Like any master hunter, he had a scavenger's instincts. He would write to missionaries serving in the most remote corners...
...store owners big and small, 'tis the season of sweating brows. U.S. retail sales dropped a record 2.8% last month, just the latest in a string of bad months. By the end of 2008, 148,000 retail establishments will have closed, the largest number since 2001, according to the International Council of Shopping Centers. A rough holiday season will produce an additional 73,000 store closings in the first half of 2009, the council predicts. "In the first six months of next year there will be a lot more retail museums than retail stores," says Beemer...
...interesting shift in how the two Western powers are handling the ongoing economic crisis. Europe was initially lauded for its dramatic bailouts of banks and plans to reshape the global financial system. But in the past couple of weeks, as Obama has begun to outline a package featuring the largest U.S. public spending effort since the Depression-era New Deal, Europe has started to look like it's dragging its feet. (See pictures of the world reacting to Obama...