Word: lees
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...Policymakers worry that Greece's woes will spread to other weaker members of the euro zone, such as Portugal, Ireland, Italy and Spain - a collection of countries traders have nicknamed the PIIGS. Government leaders nowhere near Europe are concerned as well. "Such events far away can hurt Singapore," warned Lee Hsien Loong, the city-state's Prime Minister, in his Chinese New Year address. "Singaporeans should be psychologically prepared ... and not let down our guard too soon." (See pictures of the global economic crisis...
...Lee's right to be worried. The debacle in Greece could be a harbinger of a new stage of the financial crisis, one in which irresponsible politicians, not bankers, are the main source of economic turmoil. Across the developed world, sovereign states have amassed potentially unsustainable mountains of debt. The Organization for Economic Cooperation and Development (OECD) forecasts that by 2011 the ratio of government debt to gross domestic product - the main measure of a state's financial health - will reach 100% in the U.S., up from 62% in 2007. That's almost as large as Greece's burden today...
...Steve Lee, NASHVILLE...
...Thousands of miles away, life went on pause across the Korean Peninsula as students (now on winter break) and office workers all stopped what they were doing to watch Kim's program at 1:20 p.m. Seung Jun Lee, a 16-year-old high school student in Yangju, 30 miles north of Seoul, returned home from cram school at lunch to watch Kim skate with his family. "Maybe I will have to skip class today," he predicted amid the excitement. Even businessmen had caught Kim fever and were willing to suffer a dip in productivity during her skate. "When...
...wine or a dry rosé), or what to pair with northern Chinese offal dishes (try a Cahors or Madiran). Such is the exclusive and valuable remit of Asian Palate, and very browse-worthy it is too. Many wine writers have pronounced too generally on wine and Asian food. Lee's detailed advice is therefore very welcome. Now if only they could get rid of that page 10 picture of her, clad in a flimsy lilac number, leaning on a pillar and looking for all the world like a jobbing actress in a karaoke clip...