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Anyone who has struggled to change a fuse in their home should pity the scientists at the CERN laboratory in Geneva. Last Friday, just nine days after celebrating the successful test run of the largest particle accelerator ever constructed, a tiny electrical connection between two magnets overheated and caused a minor meltdown...
...officials have likened the current crisis to the Great Depression of the 1930s and the Savings and Loans debacle of the late 1980s. And who better than Federal Reserve Chairman Ben S. Bernanke, that erudite, Ivy League scholar of the Great Depression, to steer the world’s largest economy away from the abyss of the past...
...would most likely assume power only after the elections. Although Mbeki has been a lame duck ever since Zuma wrested the ANC leadership from him at last December's party leadership conference, Saturday's move to accelerate Mbeki's ouster has raised fears of growing instability in Africa's largest economy, with bitter divisions within the ANC likely to grow more rancorous. While Zuma's supporters have long claimed that their leader is the victim of a political conspiracy orchestrated by Mbeki, on Saturday it was Mbeki's supporters who decried the party's harsh treatment of the departing leader...
...largest bailout in government history unfolded in almost dizzying waves over recent days, a very different view prevailed at the Ayn Rand Center for Individual Rights, an outpost of free-market, anti-government thinking located just a few blocks from the newly aggressive and highly interventionist Department of Treasury in downtown Washington...
...scandal has also spread beyond the mainland. On Sep. 18, Hong Kong's government ordered a recall of all products made by Yili, one of China's largest dairy producers, after melamine was found in nine of the company's products. There have been no reports of any sickness among Hong Kong babies caused by those products. But the local Center for Food Safety said only two glasses of the tainted Yili milk per day could be enough to cause health problems in young children...