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...downturn is already shaping up as different from--and tougher than--some previous ones. That's because the financial crisis is taking place at the same time as a real estate downturn, a conjunction that is unusual; in the past, one has often followed the other, but it's rare for them to happen simultaneously. And the problems are being exacerbated by an explosion of household debt in Britain. Buoyed by rising property prices, households ratcheted up their borrowing to a massive 173% of disposable income, vs. 106% in 1995. That's way above even that paragon of profligacy...
...into, going after Obama's remark to Joe the Plumber that he wants to "spread the wealth around" with his tax policy and Joe Biden's suggestion that a President Obama would face a foreign crisis soon after taking office. The attacks didn't transform the race, but the rare Democratic missteps were efficiently exploited by the GOP. Republican strategists are worried about the spillover effect of all the new voters Obama's campaign has registered on down-ballot races, particularly in areas with large African-American populations and college towns. A big Obama victory, with campaign cash spread around...
...film becomes an ensemble piece, with a dozen or so character actors carrying the storyline. Finally, Changeling - like most Eastwood movies - is exactly as good as its makings. In its purposeful accumulation of depravities, both individual and institutional, the director's non-style has an honorable payoff that's rare in modern Hollywood cinema: the story's weight could come close to burying you in despair...
...rare show of agreement, both Obama and McCain expressed steadfast support for ROTC at a joint appearance at Columbia last month...
...sexy,” he said, explaining that these large-scale projects become fixtures in many cities but that budgeting them remains a big political problem. Some members of the audience, however, were surprised at Flyvbjerg’s approach. “It’s pretty rare to hear people criticize the consequences of engineers with big imaginations,” said Travis P. Dunn, a civil engineering student at MIT. “His perspective is unique...