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...HSBC wrote in a May note to clients, but "its pre-eminent position as the reserves currency of the world does not mean that [the dollar] will maintain its value." Like Derrick, HSBC is counting on a further fall in the months ahead. Better not leave that holiday too late...
...worshipping each other's high-mindedness but also in destroying another woman's home, hobbling her children emotionally and setting her up for humiliation of a titanic proportion. The squalor and pain that resulted from the Sanford and Ensign midlife crises make manifest a bleak truth that the late writer Leonard Michaels once observed in his journal: "Adultery is not about sex or romance. Ultimately, it is about how little we mean to one another." (See the top 10 regrettable e-mails...
Hanging over all these concerns is the prospect that a second stimulus bill may be needed to bail out states in late 2010 or 2011. State budgets have been drowning in red ink as jobless claims and Medicaid bills have skyrocketed; few expect those trends to ease soon. In June, White House counselor David Axelrod left open the possibility that a second stimulus may be needed. The White House is confronted with the prospect of having to ask for more money early next year - even as a group of voters is ready to dump the first stimulus right...
...true to an eclectic outlook that has, since the late 1960s, featured everyone from Deep Purple (whose ubiquitous Smoke on the Water recounts the Montreux Casino catching fire during a Frank Zappa concert in December 1971) to Johnny Cash, this year's program once again ranges across all moods and styles. Jazz master Herbie Hancock will play with Chinese classical piano sensation Lang Lang; studio legends Steely Dan are on a double bill with a quintessential live act, the Dave Matthews Band; and New York City bassist Bill Laswell, purveyor of "collision music," is bringing along Japanese turntablist DJ Krush...
...When Dörentrup's council started switching off the streetlights, Dieter Grote's wife would worry about their children coming home late at night in the pitch black. "My wife has all the good ideas," Grote, who runs an advertising agency, tells TIME. "I discussed the problem with her and we thought it must be possible to have the lights available on demand." Dieter got in touch with the local utility company Lemgo and together they came up with a solution: How about turning on the village lights with a simple telephone call? Lemgo developed a special modem...