Word: levelness
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...partial funding and, to its credit, four projects, including those of first-time directors, have received awards since February. But funds are modestly capped at just over $460,000 per film. To get a sense of the competition facing industry entrants, one only needs to compare this level of financing to that of the Chinese-language film dominating the city's movie houses this season - John Woo's Chinese historical drama Red Cliff, which with its estimated $80 million budget is Asia's most expensive movie to date. The trend for increasingly expensive epics will eventually lose steam, of course...
...During his first year in office, Paulson's most high-profile relationship-building efforts were with the Chinese government, in a series of top-level meetings in Beijing and Washington. These weren't a flop - Paulson proudly points to the failure of anti-China trade legislation in Congress and the 20% rise in the yuan vs. the dollar - but they weren't a dramatic success either. Then came trouble, which spread from subprime mortgages to financial markets in general in August 2007. The chief connection was that subprime loans - those sold to less qualified borrowers - were purchased and repackaged...
...more mundane level, Paulson was aware that Congress had only a few weeks left in session. There was already a housing bill well along in the legislative process that provided for a new, tougher regulator for Fannie and Freddie (among many other things). So Paulson jumped into action. On Friday, July 11, he met twice with President Bush, bypassing White House economic advisers who opposed any kind of taxpayer bailout. Over the weekend, he talked to congressional leaders. And all along, he was consulting with Bernanke. On Sunday the 13th, Paulson made the dramatic announcement on the steps...
...claims. "They are saying these things because they cannot win the war in Afghanistan. The ISI has gone through a thorough cleansing, after I left. I was blamed for taking it in an ideological direction. I can say with certainty there is no one at the top level [with links to extremists]. Perhaps at the lower level there are some incidents...
...Angeles Times reported that the CIA has billeted officers in Pakistani military bases in the Northwest Frontier Province looking over the Pakistanis' shoulders to make sure no leads were missed. It was the right thing to do. But, other than a couple of Predator attacks on second- and third-level Qaeda targets, al-Qaeda is still thriving...