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...Iraq, because it's very expensive and dangerous to cover. A lot of news organizations don't maintain bureaus there anymore...
...number of federally insured reverse-mortgage originations jumped 10% compared with the same period last year. Industry experts predict that reverse mortgages will play an increasingly important role in the coming years as some 70 million baby boomers hit their 60s--often with a lot less saved than they'd hoped...
Comptroller of the Currency John Dugan recently noted that reverse mortgages, like some flavors of the infamous subprime mortgages, are too complex for many seniors to understand. "Millions of older Americans still have a lot of equity in their homes, and it's tempting for them to tap into this pot of money," he says...
Since JFK, who has a lot to answer for when it comes to the overvaluation of charisma, Americans have liked their leaders to be handsome or heroic, preferably with a thatch of dark hair and a trim waistline. It doesn't always work (otherwise Mitt Romney would be in the White House) but it does mean that it's not surprising that two of the foreign leaders who have most made an impression in the U.S. are the young Tony Blair and French President Nicolas Sarkozy. (And Sarkozy--to add to the JFK meme--has the extra advantage...
When leaders understand the nature of their followers, they can get away with an awful lot. My friend Beppe Severgnini, a columnist at Corriere della Sera, says Italians forgive Prime Minister Silvio Berlusconi's many--how shall we put this?--lapses in judgment because they think, He's one of us. Berlusconi, Severgnini wrote this year, is "not only Italy's head of government, but the nation's autobiography." By contrast, when a leader gets out of sync with her followers, all the brilliance in the world doesn't amount to much. British Prime Minister Margaret Thatcher found that...