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...early 1990s, as the U.S. got its fiscal house in order, the capital inflows from overseas shrank. Late in the decade, they returned, with a twist: foreign investors and companies were buying into corporate America to get in on an economic boom. That boom ended in 2001. But the Bush Administration soon began running deficits, and foreigners discovered an American financial product to which they'd never paid much heed before: mortgage securities...
...layers. Drilling into the ice and fishing out samples--ice cores--that contain tiny bubbles of that ancient air can reveal the temperature, the concentration of greenhouse gases, even the ambient dust from the year that layer was formed. It's like tree rings but for climatic history. "In order to predict the future, we have to understand the past," says Minik Rosing, a geologist at the University of Copenhagen...
...precisely the level of extreme rationality that he professes to value, and the resulting analyses are shocking both for their lucidity and their ruthlessness.The roughly 200-page volume contains pieces the Englishman published in American and British periodicals between September 18, 2001 and September 11, 2007, arranged in chronological order, and they get predictably more circumspect as the volume progresses. What each of them shares, however, is the express desire to annihilate the ideology that begat the events of 9/11: namely, Islamism.Ideology, Amis says, “is a belief system with an inadequate basis in reality...
...taken its toll on the B&A. “It’s a small space and some parts walk that fine line between charming and chaotic,” Russem says. But Jacoby, Sifuentes, and other volunteers have been working hard to get the press in working order. All four of the printers should be online in the next two weeks (although the 19th century clamshell platen press is too delicate for daily use) and days were spent cleaning the front and back room of the press. It was an epic task that, by all estimates, hasn?...
Liberal Democratic Party leader Taro Aso became Japan's 59th prime minister after sweeping a Sept. 24 vote in Parliament. His chief order of business will be to restore public confidence in the LDP as the party that can lead the nation out of recession and restore economic growth. But his first job will be to stay in office long enough to make a difference...