Word: latested
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...does not mean that Wall Street ought to underwrite it. Financial engineering must be constructive and bear value not just to financial firms, but also to the inherent goals of the world of finance—providing credit and financing to firms and households. The industry’s latest ideas seem more like “Modest Proposals” than serious pitches, more tongue-in-cheek ways to expose the industry’s greed than earnest ideas to provide financial services. The future will certainly be grim if, in the drive to resurrect the financial markets, reason...
...latest miracle from the land of the free is Google Voice, a product that instantly dispatches standard voice mail to the slag heap of obsolescence. Available to selected users since the spring, it's now open to the rest of us. (You can sign up, my little 9 volt, at google.com/voice I'm told you'll be on the waitlist for a week...
...Afghans in Kabul appreciate the international presence because of the relative stability it brings. Outside the capital, in the parts that haven't received the promised roads and schools and bridges, it is another matter. But all Afghans are furious over the high number of civilian casualties, especially the latest incident in which the Germans called in two NATO aircraft to bomb two fuel tankers hijacked by the Taliban - never mind that villagers were swarming the tankers for free fuel...
...campuses. The reality is that the Islamic Republic has no one to blame but itself. There is a quote by the late Ayatullah Khomeini that greets kids at the beginning of each elementary school textbook: "Omid e man ba shoma dabistani hast" (My hope lies with you). Iran's latest social upheaval is not yet a revolution. If it does become one, it will do so because the students are once again ahead of their teachers...
...paradox, of course, is that that his filing lawsuits over the scandals sets off another round of ribald accounts of Berlusconi's private life. The latest suit was filed Wednesday against another left-leaning Italian daily, L'Unita, which had referred to a comedienne's sketch about Berlusconi allegedly taking medical injections that allow him to have sex. The Prime Minister's attorney, Niccolo Ghedini, explained to the daily Corriere della Sera on Friday that if necessary Berlusconi would testify in the libel case to prove that he is not impotent: "And why shouldn't Berlusconi be allowed to explain...