Word: majors
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...Major League Soccer, sad to say, represents oblivion for a star of the international game - even most of the players on Team USA are signed to pro teams in Europe once they've done enough to attract the attention of foreign scouts. And David Beckham clearly wasn't ready for oblivion. The 33-year-old England wide man, who in 2007 joined the Los Angeles Galaxy on a $250 million five-year contract, looks set to return to Europe, next January, and join glamor club AC Milan on loan. If the deal is finalized in the wake of Milan...
...boring or similar it is to everyone else's. Growing up in suburban Detroit, Grogan lived a solid middle-class life. He was generally a well-behaved child. As a teenager, he dabbled in weed-smoking, and cigarette-smoking, and drank Boone's on occasion, but never committed any major transgressions. He was a good child, brought up by a pair of strict Catholic parents who instilled in him a top-notch moral code. It's a square story through and through. In its story arc, The Longest Trip Home mimics Marley & Me - a life well-lived that requires...
...national leaders will yield. "The fact that President Bush agreed to the summit is, in our view, a very significant development in itself," says Sarkozy spokesman Franck Louvrier. "As to exactly what will happen, it's too soon to know." So much for Sarkozy's swagger in insisting on major revision to aspects of the 1944 Bretton Woods treaty."Europe wants it," he said. "Europe demands it. Europe will get it." But observers suggest what emerges may not be exactly what Europe had in mind...
...Should that happen, the IMF could be given a new function as a "permanent secretariat" overseeing finance markets for G7 and other major countries, Buiter says. That's rather a far cry from Sarkozy's appeal to reinvent capitalism - or even British Prime Minister Gordon Brown's call to reform the international financial system around "the agreed principles of transparency, integrity, responsibility, good housekeeping and co-operation across borders." Yet many observers say that even a partial move away from the reckless lack of oversight that enabled the current crisis would constitute progress...
...than the U.S. resolving the Balkanization of its markets that divides regulation across at least five departments, and Europe coming up with unified rules, that will be something," Buiter comments. "If that happens, you've got much of the G7 covered, and if that can be extended to other major economies, the rest of the world would have to follow along...