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Compared to the European Union and the U.S., Portugal's drug use numbers are impressive. Following decriminalization, Portugal had the lowest rate of lifetime marijuana use in people over 15 in the E.U.: 10%. The most comparable figure in America is in people over 12: 39.8%. Proportionally, more Americans have used cocaine than Portuguese have used marijuana...
There are signs, though, that such credit spreads are moderating. Though far from anything that might be characterized as "normal," it is nonetheless a good sign for the Federal Government's credit-easing efforts that corporate borrowing costs have fallen to their lowest level since October, according to indexes that track the price of company bonds. (See the best business deals...
...companies, though, are seeing the same benefit. As a recent Merrill Lynch report pointed out, when companies with lower credit ratings are going to issue debt, they're still paying up. Bonds that fall in the lowest category that still manage to be considered "investment grade" are yielding 5.3 percentage points more than government bonds. That's down from a high spread of 6.2 but still far above the 22-year average of 2.2 points. High-yield bonds, which are even riskier, are at a spread of 15.2. That's down from a high of 19.8 - yet three times...
Jack Dorsey, the founder and chairman of Twitter, sees no reason why Iraqis cannot join the growing chorus of global "tweets" appearing on computers and cell phones worldwide every day. "We've always been focused on making sure that the lowest common denominator, the weakest technology, still has a voice," said Dorsey, who was in Baghdad this week with a delegation of high-tech executives at the invitation of the State Department. Cellphone-carrying Iraqis, Dorsey said, could utilize Twitter applications on their current mobiles for a range of things, even without broadband Internet connections, which are still in short...
Will the ANC win easily? Yes, or at least by a comfortable margin. Most opinion polls put its support between 60% and 70% of the popular vote. (It won 66% in 2004.) The lowest prediction gives the party 47% support. But even that figure would still make it by far South Africa's largest party. Its nearest rivals - the Democratic Alliance and the Congress of the People, which split from the ANC late last year - rarely score more than 15% each in any survey...