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Perhaps that's why sales of economy cars like the Hyundai Accent or Kia Rio, which people need whether the economy is flush or bust, remain steady. Sales dropped slightly last month at Halleen Kia in North Olmsted, a Cleveland suburb. But so far in October they're back to normal, even as credit tightens, says general manager Eric Halleen. "People who might have qualified for an 84-month loan this summer are getting cut back to 62 months," Halleen says, "but we're still able to get deals done...
...Governor of Hong Kong, sets out to explore how nation states can "do more together rather than less." Through entertaining and wide-ranging discussions of terrorism, the threat of biological, chemical and nuclear weapons, migration, drug-trafficking, diseases, energy and climate change, Patten sees enough opportunities for cooperation to remain an optimist. The former European Commissioner for External Relations is an unashamed liberal internationalist, happy to call antiglobalization activists hypocrites. But he also recognizes the severe damage American adventurism has done to Washington's image over the past few years and warns against exaggerating the impact of globalization on billions...
...Murray is among just a handful of public intellectuals who are willing to talk openly about these statistics. Most remain fearful, because such a suggestion is so counter to our feel-good conceptions of social mobility. But there is nothing about this evidence that should make us uncomfortable. The idea that there would be a correlation between class and intelligence is completely consistent with the dream of American opportunity because it reinforces this sense that our idealized, meritocratic society is working. There is nothing shocking about the notion that people who are capable would rise to high-paying jobs...
...After two grueling years, only two major events remain in the 2008 presidential campaign: a town-hall forum Tuesday in Tennessee and a debate on Oct. 15 in New York. In a nod to the dwindling window of opportunity, McCain again sharpened his attacks on Obama during a stump speech Monday in New Mexico, charging that Obama harbors a "back story" on every issue that needs to be explored...
...shock is what is needed to restructure the banking rules in Europe, one may be underway. Economists are warning that the Continent is facing its biggest crisis since the Depression - when Europeans also first mistakenly thought the problem would remain confined to the U.S. One leading German politician, Interior Minister Wolfgang Schauble, even raised the specter of the kind of longer term economic dislocation that led to the rise of Adolf Hitler. "Four months ago," says economist Schmidt, "I might have said that it may not get worse. But we have not seen anything like this before. I cannot...