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...maybe not. The worst of the crisis is almost certainly behind us, but that doesn't mean the crisis is over. Lying ahead are a slew of unresolved problems, policy challenges and, no doubt, further surprises. Unemployment remains a serious global issue, and may yet get worse; excess capacity left over from the boom years haunts the recovery; and the drastic stimulus programs utilized to fight the recession are creating a new menu of potential troubles. Dominique Strauss-Kahn, managing director of the International Monetary Fund, said in an address in London in late November that "the storm has passed...
...month payment standstill on its almost $60 billion of liabilities. The surprise hit stock markets in Asia and the U.S., while sending investors scrambling for safe havens like the U.S. dollar. Experts have since engaged in a rabid round of speculation over what the Dubai debt crisis might mean for the world economy. Some see the problem as little more than a big real estate bust. "I don't see what the big deal is," Willem Buiter, economist at the London School of Economics and Political Science, wrote bluntly. Others see the Dubai crisis as the potential flashpoint...
After two years, children in the Denver Model group were way ahead of the control group. Their IQ scores had jumped an average of 17.6 points, to a mean of 78.6, which is just within range of normal intelligence. Much of the gain came in their ability to understand and use language. The control group, by contrast, gained just seven points, remaining in the zone of intellectual disability. Children who received the intervention also improved dramatically in what psychologists call "adaptive behavior" - which includes such everyday behaviors and skills as getting dressed, brushing teeth and participating in family meals. Children...
Does this mean Haneke is becoming a tiny bit softer in his old age? He doesn't see it that way - in fact, he rejects the notion that his films reflect his personality at all. "People expect me to be dark and gloomy, then write that I'm a jolly chap, and after all, that is what I am," he says, a wry smile sneaking out from beneath his beard. "I think it's a case of an absolute romantic naivety that there should be a parallel between the work and the artist." (Read a brief history of the Palme...
...first thing the Taliban would want is a cease-fire, says Antonio Giustozzi, author of Decoding the New Taliban. "They crave the kind of legitimacy that such a cease-fire would bring. They want to be counted as a legitimate force with legitimate grievances." But a cease-fire would mean that Taliban senior leaders would be removed from the U.N. sanctions list as well as the Pentagon's Joint Integrated Prioritized Target List, which catalogs authorized targets for U.S. forces. Doing so shouldn't be that difficult. It could even be used as a bargaining tool to lure some...