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...endured not one but two market crashes - one at each end of the decade. You might recall the first Wall Street crash, when swooning tech stocks tanked the market from 2000 to 2001, not long after the Nasdaq hit an all-time high of 5049 on March 10, 2000. (Recent levels: 2150-2200.) The economy went into a recession that now seems laughably mild. What followed wasn't funny at all: the most divisive and confusing presidential election in history, a discombobulated drama that we once thought could occur only in the Third World...
...Chrysler in early 1937 - Henry Ford famously held out four more years. For decades, particularly under the leadership of Walter Reuther, who headed the union from 1946 until his death in 1970, it was able to win concessions from the automakers, bringing its members into the middle class. As long as demand for autos grew in the post-WW II halcyon days, relations between the unions and the automakers were basically quiescent...
...veneration of the individual over the oppressive forces of society earned him fame and respect around the globe. But the announcement outraged Camus' son, Jean, who saw a motivation of a different sort - an attempt by Sarkozy to "requisition" the legacy of a ferociously independent thinker who has long been a hero of the intellectual left. (See pictures of Sarkozy...
...However, despite Camus' early years as a communist and long dedication to fighting imperialism, his later rejection of totalitarianism of all kinds - and denunciation of Soviet oppression that ran him afoul of contemporaries like Jean-Paul Sartre - don't exactly make him a perfect icon of the left, says Cusset. "Though he was courageous in refusing to be shut away into any political or philosophical category, Camus never really said what camp he belonged to, meaning his legacy is open to lots of interpretation," Cusset says. "Camus was indeed one of the most famous figures and beloved writers...
...sign of U.S. acceptance of China viewing South Asia - India's neighborhood - as part of its own sphere of influence. Chellaney saw the statement as a "return to a kind of Cold War thinking where two great powers can dictate terms to a lesser one." China's long-standing border disputes with India, and its building up of the Pakistani military, makes many in New Delhi reluctant to welcome Beijing as a benign presence. Indeed, some fear India is being encircled by Chinese listening posts and bases around the Indian Ocean. And when tensions spiked last month over China pressing...