Word: proofing
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Such optimism in the face of prevailing economic gloom is understandable given the apparently recession-proof recipe McDonald's has cooked up. Indeed, while most companies limped out of 2008 on slumping results that look likely to plummet in 2009, McDonald's on Monday announced earnings of $985.3 million in the fourth quarter of last year. While that near billion-dollar activity represented a 23% drop over the same period the previous year - due mostly to an extraordinary tax bonus accounted to 2007 books - McDonald's also revealed an 11% rise in fourth-quarter consolidated operating income to $1.5 billion...
Gramm's solution is tougher mortgage regulation. Down payments should be at least 5%, borrowers should be required to provide tangible proof of income, adjustable rate mortgages should only be approved if the borrowers can afford to make the payments after the rates have adjusted upward, home equity loans should be restricted...
Britain is a small island, with an elite whose members all seem to know each other. Proof, if needed, came at a recent London performance of Gethsemane, David Hare's new play about rot in British politics. The audience was silver-haired and well-heeled. On some seats lay coats by Hare's fashion-designer wife, Nicole Farhi. And sitting in the audience was Lord Levy, a prominent Labour Party fund raiser who is Jewish and made his millions in pop music. Levy is widely seen as the model for the play's Otto Fallon, a Labour Party fund raiser...
With these frightening predictions in mind, we need to try to heat-proof our agriculture. That can be accomplished by using crops that have proved resistant to extreme heat - like sorghum or millet - to breed hybrid-crop varieties that are more capable of withstanding higher temperatures. We'll need to drop any squeamishness about consuming genetically modified crops. Unless we can tap the power of genetics, we'll never feed ourselves in a warmer world. But we'll need to act quickly. It can take years to breed more heat-resistant species, and investment in agricultural research has shriveled...
...brigade commander Abu Azam, who laughed off Israeli claims that senior Hamas officials were all hiding in underground bunkers. "See? I'm out on the street checking on my men," he said. While admitting that Hamas had suffered casualties, he claimed that its military wing was still intact. "Our proof is that we are still firing rockets at the Israelis," he said. But the number of Hamas rockets has fallen from about 80 a day at the start of the war to about 15 to 20 rockets daily...