Word: preferreds
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Democrats prefer to use money from the $700 billion that was approved in September to bailout the banking system, a move opposed by President Bush, Treasury Secretary Henry Paulson and most congressional Republicans. In the Senate, especially, Dems need at least nine Republicans to pass veto-proof legislation, assuming they can count on all their members, which makes coming to a deal in a lame-duck session particularly difficult. Other options Democrats are exploring include asking the Federal Reserve to supply the loans or requiring the banks that the government is currently bailing out to loan the money...
...emigrant Filipina mothers are in turn often bringing up a generation of motherless kids in rich countries - kids whose mothers return to work before their children are of school age; kids who spend long days with Filipina nannies as surrogate mothers. Few children - rich or poor, in whichever country - prefer gifts and toys to the presence of their mothers. In both cases, the mothers' drive to provide for their offspring financially seems to avoid the simplest of facts: parenting cannot be outsourced. Juliet Linley, Rome...
...turn often bringing up a generation of motherless kids in rich countries - kids whose mothers return to work before their children are of school-going age; kids who spend long days with Filipina nannies as "surrogate mothers." Few children - rich or poor, in whichever corner of the globe - prefer gifts and toys to the presence of their mothers. In both cases, the mothers' drive to provide for their offspring financially seems to avoid the simplest of facts: parenting cannot be outsourced. Juliet Linley, ROME...
...Kirkuk where the disputes seem most intractable. At its simplest, this is an old-fashioned turf war. The Kurds want the city and its hinterlands to be folded into the northern province of Kurdistan. Turkomans (a distinct ethnic group sharing ancestry with modern Turks) and Arabs would prefer it to remain outside Kurdish hegemony, in the separate Tamim province. Each group points out that the city was once ruled by its forebears. All know that outside Kirkuk is one of Iraq's largest oil fields. Also at stake is the larger, constitutional question of whether Iraq should have a powerful...
...studying ashtanga in Cairo, my classmates were either expatriates or Egyptians who had returned from the West. In Beirut, the city's largest yoga center occupied a gorgeous old building in the Christian quarter, and drew a sophisticated mix of Christians and Muslims alike. The Lebanese, however, tend to prefer gym yoga. Attending a yoga class at one of the city's many posh fitness centers means that ministers can chat on their yoga mats, and pop stars can show off their headstands, a convenient way of getting centered and being seen at the same time. (See pictures of Iranian...