Word: pools
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Having started the day with a tidy $65,000 three-bedroom ranch (down from $260,000), we end up at a Miami Vice house - fireplace in the master bedroom, sailboat access, with a pool on the upstairs deck that overflows in a waterfall into the pool downstairs, and a man cave hidden behind a swinging bookcase. Gina spots signs of water damage; they'll just have to keep looking for their promised land. "The Great Depression only happens once every 100 years or so," she says, "and I don't expect to be around for the next...
...flat as a pool table and barely a mile wide at its narrowest, the Rockaway Peninsula - a tongue of land that sticks into the Atlantic Ocean at New York City's southeastern corner - is already vulnerable to storm surges and floods. Global warming, with its rising seas and harder rain, will only intensify those threats. That's what has Vincent Sapienza, the city's assistant commissioner for wastewater treatment, so worried. The Rockaway Wastewater Treatment Plant, which processes 25 million gal. (95,000 cu m) of sewage a day, sits next to the beach, and its pumps are below...
...backs of cheap migrant workers now face upheaval in their labor markets. In places like Taiwan, Malaysia, South Korea, and the Gulf states, companies are folding, factories are closing, and thousands are losing their jobs - meaning migrant workers like Hussein are being shoved out of the labor pool and into a tenuous half-life on the margins of the world economy...
...however, is the vital role that trade balances played in igniting the crisis in the first place. Since the late 1990s, the U.S. has been spending far more than it has earned, sending huge sums of capital overseas, a dynamic measured as the current account deficit. This "giant pool of money," as the radio program This American Life described it, did not stay in low-spending surplus countries like China or oil-producing states. Instead, much of it came back to the U.S. in the form of cheap credit. "Like water seeking its level, saving flowed from where...
...nationwide, according to a highly placed source close to the insurgency. "Many of the Sahwa have returned after seeking forgiveness, but they are still Sahwa," the source tells TIME. "They wear the government's uniform, but they plant explosives and sticky bombs. The Sahwa is the biggest recruiting pool for al-Qaeda." (See the most dangerous streets of Baghdad at the height of the insurgency...