Word: optioning
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Going home is not yet an option in Afghanistan, though voices in Washington and other capitals have begun to mutter about it. With 30,000 more American troops headed to fight insurgents on the ground, the U.S., rightly or wrongly, is going to be there for a while yet. As in so much of the region, they remain stuck, mired in the history of clumsy foreign interventions...
What is the endgame here? Greece has big debts relative to the size of its $357 billion economy (about 120% of GDP). It no longer has the option of eating into those debts by inflating its currency. In fact, it has no power to use monetary policy to ease its pain, as the Federal Reserve has been doing in a big way in the U.S. The only options for Greece are to 1) scrimp and save to convince creditors that it can keep paying them off, 2) convince its fellow euro-zone countries--or maybe the International Monetary Fund...
...Option No. 1 is domestic political suicide, and it might not be smart economics either; slashing government spending and raising taxes during a downturn could worsen that downturn. Option No. 2 seems the best of the lot but has high international political hurdles to surmount. No. 3 would be a disaster for Greece and for the global financial system. As for No. 4, given that there are no procedures for leaving the euro, it might risk unraveling the entire project. In the euro's prelaunch period, a few skeptics predicted that the mismatch between a single European currency and differing...
...introduced MTV's viewers to living in public. Ten years ago, Survivor - now in its 20th season - mainstreamed the idea for older viewers. The Jersey Shore-ites have never known a world in which hooking up drunk in a house paid for by a Viacom network was not an option. This year in the coveted post-Super Bowl time slot, CBS showcased not a new drama or sitcom but its reality series Undercover Boss. (The premiere attracted 38.6 million viewers, the most for a post-Super Bowl show since Survivor: The Australian Outback in 2001.) In March, Jerry Seinfeld returns...
...course, the other option is to skip the fee and choose one of your courses to take pass/fail—those forms are due tomorrow as well...