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...critics of the plan say that is will do little to boost sales, and could wind up being surprisingly expensive. Here's their math: In order to get lenders to make the loans at below market rates, the government would have to basically pay banks the difference between the market rate and the 4.5% they would like banks to lend at - currently 1%. That would still leave a profit of 0.8% on every loan the government helped originate through the program...
...result of climate change, but others will grow dryer, and so far the drying is winning. The area of the earth's land surface classified as very dry has doubled since the 1970s; by 2050, the Intergovernmental Panel on Climate Change believes, that trend will worsen. "You do the math, and it gets a little scary," says Stuart Minchin, a water expert with the Australian Commonwealth Scientific and Research Organization. (See pictures of Australia, the driest inhabited continent...
...pointed out that the three could have flown commercial that morning for something like $212 each. But let's do the math. Three CEOs being paid millions a year each are going to Washington on a business trip to try to save $300 billion worth of sales and 3 million jobs - and they are supposed to risk all of that on Northwest or US Air, a.k.a. Northworst and Useless Air, formerly Allegheny a.k.a. Agony Air? I see the connection: you fly to D.C. on a previously bankrupt airline as you contemplate the bankruptcy of your own company. The experience should...
...grave as camps close down to make way for jazzier Web content and global networking? Lee Ann Maley, a Girl Scout executive in South Carolina, believes that the founder would approve of the new model of assertive girlhood. "We're doing more with science, technology, engineering and math," Maley says. "I think Juliette Low would be standing up and blowing her horn - the girls...
Both men will arrive with baggage. Summers was under consideration for the Treasury job himself and may feel slighted by being passed over. He had a troubled tenure as president of Harvard, where his controversial comments about women's aptitude for math and science were a reminder that he operates best when he is working behind the scenes. His job at NEC is designed to make him the captain of the team but avoid an unpleasant Senate confirmation hearing. Though smoother than Summers in style, Geithner will have to explain to the Senate Banking Committee just exactly what...