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...first place. Saakashvili miscalculated that the U.S. and the rest of Europe would support his action and come to his defense. His subsequent rhetoric was aggravating, which provoked the Russians and produced natural consequences. German Chancellor Angela Merkel played second fiddle to him. Her popularity is at a very low ebb in Germany. Saakashvili should follow President Musharraf and tender his resignation before things get hotter in the region. Henry Assen, BRUSSELS...
...elegant old colonial home tucked into a back lane in south Mumbai, a fashion party is in full swing. Fey young men in low-slung jeans, willowy models in backless silk dresses and other well turned-out, well traveled Mumbaikars laugh, air-kiss and dance into the night...
...rose out of the reach of Huskies keeper Stephanie Gordon. The goal was the senior’s second so far in 2008.The Crimson held a 12-6 shot advantage at the break, but Northeastern came out with all the aggressiveness in the second period. The crossbar was just low enough on Erin McGaffigan’s 45-minute tying bid, but teammate Liza Rebello got it right ten minutes later. Taking a left-side cross from Veronica Napoli, Rebello beat Laura Dale, who had replaced Lauren Mann in net at the break. Each keeper played a full half...
...that, however, we need to persuade plug-in owners to recharge at the right time - by pricing electricity cheaply late at night, when demand is low. If charging a plug-in battery costs 2 cents-per-mile after midnight, and many times that during the day, drivers will likely wait before plugging in. (If that pricing model sounds familiar, it should be - it's how long distance calling works.) But to make that system work, utilities will need to install smart meters in customers' homes capable of monitoring when cars are charging, and then to price the juice accordingly; smart...
...generally sells credit-default swaps, thereby promising to insure others against defaults. It's a great business when defaults are low; when they rise it can turn toxic. AIG FP lost more than $10 billion in 2007 and $14.7 billion in the first six months of this year. That, along with losses in other investment portfolios, has cut deeply into the parent company's capital reserves. The credit-default-swap contracts decree that if AIG's credit rating drops below a certain level, it has to fork over $13 billion in collateral to the buyers of the swaps. Monday night...