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...politicians contradict themselves, of course. It's almost impossible to remain perfectly consistent and ideologically pure under the watchful gaze of the media - especially in an age when conflicting statements are just a click on YouTube away. But Sarkozy's slipperiness is notable because his political success has been built around his reputation as a straight talker and someone who acts rather than bloviates. Now many voters - and even some of his former allies - are questioning the President they thought they knew. "This is classic Sarkozy: claiming [that] adaptable principles and a willingness to take any stand likely to reinforce...
...companies. For their part, bankers feel they are responding prudently to a tough economy by tightening loan standards across the board. And while some of the biggest banks are healthy enough to pay back the government's emergency loans made from the Troubled Asset Relief Program, many smaller banks remain in crisis. So far this year the Federal Deposit Insurance Corporation has shut down 133 banks that succumbed to a tidal wave of loan defaults. "Given the state of the markets there's only so much we can do," to increase lending while limiting risk says one industry official...
...same time, the language of the medical-marijuana ordinance being debated is putting dispensaries under increased scrutiny. At the moment, the proposed ordinance would allow the facilities to accept monetary contributions for their services, a way of finessing the stipulation under state law that dispensaries remain essentially nonprofits. Currently all dispensaries stay in business by selling marijuana, a status that city attorney Carmen Trutanich and Los Angeles County district attorney Steve Cooley believe already violates the nonprofit requirement. According to their interpretation, recent court decisions have shown that marijuana collectives cannot sell the drug over the counter for a profit...
Huizar says he came up with the idea of capping the number at 70 by allocating two dispensaries for each of the city's 35 community planning areas - because he felt that was what the cash-strapped city could adequately regulate. The dispensaries that remain, he says, will be charged fees to help cover expenses. "I thought we need to start as restrictive as possible, get control of this out-of-control situation, and then we can start loosening up if we realize there's a greater demand or adjustments we have to make to provide people with access," Huizar...
...root of this looming crisis lies the still unresolved question of how the world's largest democracy ought best to govern itself. Independent India was at first a patchwork of former British provinces and princely states threaded together into a federal republic. Some of its states remain huge and unwieldy - for example, the north Indian state of Uttar Pradesh, with its estimated 190 million people, would be virtually tied with Brazil as the fifth most populous country on earth but it would also possess 8% of the world's population under the global poverty line. With a country of India...