Word: mediums
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...Tehran's response has been predictable enough: After Iran tested nine medium-range missiles on Wednesday, the country's state news agency quoted a representative of Iran's supreme leader, Ayatollah Ali Khamenei, saying that if the U.S. or Israel attacked Iran, "Tel Aviv and the U.S. fleet in the Persian Gulf would be the first targets to burst into flames receiving Iran's crushing response." Tehran's message was clear: If Bush wants to play Crazy Cowboy, we're happy to play Mad Mullahs right back...
Although the European nations in the G-8 were in favor of the proposal and have long been pushing for stricter medium-term targets, the U.S. - along with Canada, Australia and host nation Japan - torpedoed the plan in favor of the more vague long-term goal. (Canada and Japan are original signatories to the Kyoto Protocol - unlike the U.S. and Australia - but both have drifted away from the European nations on climate change in recent years.) That's a disappointment, not just because of the missed opportunity to engage developing nations. Without the signpost of a medium-term target...
...honest, it's a spooky place--his favorite daughter died there, ranting and raving--and all the more worth preserving for that. I played billiards there once, on Mark Twain's table, with Garrison Keillor on his radio show. (Radio is a good medium for billiards because you can lie about how many balls you are sinking.) This is not the first time the house has been threatened by debt. That happened in 1891. Back then it was due to Twain's irrational exuberance. He had set up his own publishing company, which flourished for a while but eventually went...
...clear point of accord was that the era of cheap energy is over. On Tuesday, the IEA released its medium-term oil market report at the congress, predicting a lessening of demand in the coming 18 months, but an increase after that. "There will be short-term improvement," says Tanaka, "but after that there will be a tighter market until 2013. Demand will go back up in 2010, and although the supply side is growing, it's not as much as we want...
...Smith & Wollensky. Mohnish brought along his wife and two daughters, who sat on either side of Buffett. When the menus arrived, Buffett, now 77 years old, joked with the girls that he doesn't eat anything he wouldn't touch when he was less than 5. His order: a medium-rare steak with hash browns and a cherry coke - a fitting choice, given that his company, Berkshire Hathaway, is Coca-Cola's largest shareholder...