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...collapse would be as close to an extinction-level event as the financial markets have seen since the Great Depression," wrote money manager Michael Lewitt in Tuesday morning's New York Times. There's also the fact that through its insurance policies AIG touches far more regular Americans (and consumers around the world) than Lehman Brothers did. Plus, AIG's insurance businesses make so much money that they could conceivably pay off the cost of the bailout within a few years...
...Michael Jackson trial," she says, "and I was fascinated by the people who were obsessed with him, who flew to the trial and made banners. I thought, What would bring somebody to do something like that?" One possible reason, which Gabriel decided to explore, was the vicarious pleasure that regular people get from following the lives of famous people; for some fans, there is something uniquely satisfying about carrying on an intense, albeit unrequited, relationship with celebrities. "Perhaps some people who don't feel good about themselves and are not able to get what they want out of a real...
...Republican National Convention (RNC) heaped scorn not just on Barack Obama but also on his running mate, who apparently goes by the name Themedia Elite. And no wonder, because this Themedia Elite guy sounds like a tool. Incredibly sexist. Incorrigibly liberal. Laughs at regular folks. Windsurfs on a board made of arugula...
...Alive, perhaps, but just hanging on. Though some 75 % of French citizens are baptized, regular mass attendance is edging below 10%. Even Church weddings have dropped, from 147,000 in 1990 to 89,000 in 2006. Indeed, the most notable new religious energy in the country is increasingly coming from a growing Muslim community...
...idealized memory of a more egalitarian economy seems to guide Jutta, 50, another regular at Zur Firma. Asked what she tells her daughter, now 22, about the former country in which she was born, Jutta answers: "I talk about social behavior. I tell her that people were there for each other without expecting something in return." Most of the GDR's approximately 200,000 former political prisoners are unlikely to agree...