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...What economists are struggling to predict is how extensive the impact of this housing slowdown will be. Many other real estate markets around the globe rose in tandem with the U.S. in recent years, but so far none have come back down to earth with the same force. Perhaps most surprisingly, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but monthly retail sales rose by a higher-than-forecast 0.9% from November to December. "I'm not prepared to bet against the American consumer. That's a highly dangerous proposition," says Jesper Koll, chief Japan economist...
...reputation for being blunt to the point of arrogance, was clinging to his job until two weeks ago, when he realized that the armed forces were no longer with him. Serving and retired officers told a Knesset committee that they wanted Halutz removed. "Halutz looked behind and saw that none of his troops were following him into battle," said one military source...
...stamps sold so far (some to collectors as novelty items), none have turned up during a seizure. The penalty for not having a stamp can exceed 10 times the original cost - and the Department of Revenue concedes that the tax was instituted with the expectation that most dealers won't buy the stamp. "Dealers can do it either way," says Assistant Commissioner for Operations Sam Chessor. "But in reality, the payoff for us is going to be on the back end, not the front...
...Strolling Ostrava's wind-swept streets in his footsteps, I could not resist the guessing game. At Jindricha, one of his watering holes, it could be anyone. "It's definitely none of the patrons," insists Iveta Mickova, a plump, no-nonsense waitress, thick gold hoops dangling from her ear lobes. The regulars, she continues, suspect a guy who keeps scribbling away while sitting alone puffing on his pipe. "See that guy with the bag?" she winks towards a slim, bearded fellow approaching from the street...
...Still, none of this obscures our concerns about certain views among the religious right. Unfortunately, there are elements in the Evangelical community who would like to impose Christianity by government edict. Some openly call for the Christianization of America, claiming that America has always been a Christian nation and that all institutions should be Christianized. Others, less dramatically, are calling for policies that would amount to religious coercion...