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...There are, for sure, legitimate criticisms of the SEC under Cox. The agency, by most accounts, could have taken a more active role in going after firms that misleadingly sold long-term auction-rate securities as cash-like investments, as the Secretary of the Commonwealth of Massachusetts, who filed complaints against a number of companies, has suggested. In April, when the Treasury Department put out a blueprint for reforming financial markets, which included a possible abolition of the SEC, Cox probably didn't bolster his staff's spirits by not immediately standing up for his agency's autonomy...
...might limit the damage to a degree. In the course of the last 15 years, which saw a boom in France's real estate values, no lender would grant credit to an applicant with more than a 33% debt-to-income level. French banks have also always favored fixed-rate mortgages over more enticing but perilous variable-rate loans. The French real estate market is slowing, but the more prudent approach of French banks lessens the prospect of foreclosures, which have haunted millions in the U.S. and are one major origin of the current crisis. That's hardly a reason...
...report analyzing 30-year trends in abortion rates finds that fewer and fewer U.S. women are choosing abortion overall, but that the rate of decline differed significantly between populations. Abortion decreased more among white women and white teenagers, for example, compared with women of Latina or African-American descent...
...study, released Tuesday by the non-profit Guttmacher Institute, which specializes in research on reproductive and sexual health, examined abortion rates in the U.S. from 1974 - the year after Roe v. Wade deemed abortion a "fundamental right" - through 2004. The total number of abortions has dropped over the last two decades, from nearly 1.6 million in 1984 to 1.2 million in 2004. The abortion rate hit its peak in 1980 at 29 abortions per 1,000 women ages 15 to 44; in 2004, that number had dropped to 20 per 1,000 women...
...first, my narcissism led me to believe that I was the only one who had such misgivings. But when puberty hit, I discovered the enchanted world of existentialist literature and alternative music. Suddenly, I was no longer a freak; I belonged to an aristocracy of misunderstood brooders and first-rate melancholics. I read Camus, rocked out to the Smashing Pumpkins, dressed in black—the usual clichés. Like all thirteen-year-olds, I was a loser. But in my mind, I was deep and bohemian, a genuine suburban Übermensch...