Word: nationalism
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...change in financial circumstances. This model, based heavily on a streamlined loan modification program the FDIC is implementing at the failed lender IndyMac, is a strong endorsement of the idea that doing a lengthy analysis of homeowners' finances is taking too long to make a dent in the nation's housing woes...
Repairing that will require the nation to kick its housing addiction. In future, says Rossa White, chief economist at Davy, a Dublin-based brokerage, "Ireland, as a small economy, will rely on trade to generate increases in living standards. We need to get back to that. We lost sight of it." That won't be easy, as long as major trading partners are themselves caught up in the slowdown; the U.S., for instance, buys roughly a fifth of Ireland's exports. It'll take some time, too, for exporters to redeploy resources such as labor freed by the housing slowdown...
...thankful that women across America did not fall for the McCain campaign’s gender-politics pandering, but I also hope that the country will give women another chance at the presidency. As this nation moves into a new era with an African-American man in the presidency, let us not remember Sarah Palin as the folksy “woman candidate,” but rather as a maverickly mistake. After all, women are relatively new to presidential campaigns and thus are still looking for the right tone to strike—a way, perhaps, to transcend their...
...Europe's violent extreme-left again. Two decades after French police busted the radical group Action Directe, which waged a bloody urban guerrilla war during the 1970s and 1980s against French business and military interests, French authorities on Tuesday nabbed a group of anarchists suspected of having sabotaged the nation's high-speed rail system over the last several weeks. The arrests aim not only to put an end to the spate of vandalism that had wreaked havoc and panic among French travelers for the past two weeks; they may also derail any violent plans French anarchists might have been...
...isolated, disgruntled trouble-makers. But the recent incidents showed more skill, and their perpetrators seemed able to act at will without detection. For that reason, French rail users were already rattled even before the coordinated attacks of Nov. 8. The saboteurs struck in virtually all corners of the nation without warning, and applied a high degree of knowledge and technical ability in putting the destructive metal hooks in place without being killed by the 25,000-volt power lines...