Word: nears
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With their endless string of pearl beaches, heavenly climate and sensual bossa nova culture, Brazilians consider themselves uniquely blessed. So when the first of two gigantic oil fields was discovered off the coast near Rio de Janeiro last fall, President Luiz Inácio Lula da Silva saw it simply as further proof of a celestial bond. "God," Lula gushed, "is Brazilian...
...follows a series of financial shocks in recent weeks, including the failure of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, and the largest government bailout to date—an $85 billion loan to the American Insurance Group, Inc., an insurance company whose near-collapse some feared would send the financial system into a tailspin. The headline-grabbing failures follow a year-long financial decline, caused by unexpectedly high rates of home loan defaults that tore through the economy and wiped out billions in capital. The downturn accelerated in recent months as lenders, spooked...
...Since then, Harvard’s team of professors, along with a handful of graduate students and post-docs, have made the 10- to 12-hour trip between Cambridge and the collider’s home at the European Center for Nuclear Research (CERN), situated near the French-Swiss border...
...Courage to Cut? McCain strode to the microphones a short time later in Freeland, Mich., a little town near the spot where the thumb of the Michigan mitten meets the palm. The state's economy is the weakest in the country, and McCain was there to visit one of the few bright spots, a Dow Corning plant devoted to solar-power technology...
...Segev maintains that today's near-hysteria over the ex-Beatle's concert is a kind of displaced yearning for what almost happened in the euphoric '60s, but didn't. "It's nostalgia for something that never existed in Israel at the time," the historian says...