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...According to environmentalists, the military's commitment to green technology is significant not because carbon-neutral fighting forces would help reduce global greenhouse gas emissions; the British military, for example, only produces 1% of Britain's carbon dioxide output, and that's typical for militaries in developed economies. Instead, the gain could come from harnessing the bright and heavily funded researchers who work either directly for the military (the U.S. Army Corps of Engineers alone has 283 Ph.D.s on staff) or for its numerous suppliers. If the military-industrial complex can design a long-range missile that travels into space...
...most traded currencies. Factor in the country's $350 billion sovereign wealth fund pumped full of the country's oil revenues, and the cost of insuring against government default in Norway - a key measure of a currency's safety - is the lowest of those countries. With Norway's output expected to shrink by a modest 1.2% this year, far less than in most of the world's leading economies, the krone, HSBC said, represents "the ultimate safe haven." (See pictures of the Top 10 scared traders...
...last four months of 2008, as previously big-spending investors cashed in risky assets overseas and brought their earnings home. But that's changing. Japan's economy is in freefall. In its latest assessment of the global economy published March 19, the International Monetary Fund forecast the country's output shrinking by 5.8% this year, much more than in the U.S. or eurozone. With interest rates close to zero for months now, there's speculation Japan could intervene to weaken the yen in order to help stoke its all-important export sector...
...coincidence that these bitter arguments come as France is seeing its wine output and sales fall. Italy has now replaced France as the world's largest wine producer. France's 2008 production level was about 1.17 billion gallons (4.44 billion liters), down by a quarter compared with 2005 output. Meanwhile, consumers continue to lap up New World wines...
...skill, most probably—the likes of laureates such as Eyvind Johnson and Harry Martinson, there is no reason to give them laureate status now just so future generations of their family can burnish the trophy. After all, the quality of Borges or Updike’s literary output is in no way diminished by the fact that a prize was never received.America’s flagship prize, the Pulitzer Prize, has given out three literature prizes posthumously, squandering its hefty award sum (today it weighs in at $10,000) on the family of the deceased. How does...