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...help consumers at the same time? For three months, every time a new car is sold, the government should absorb half the list price, paying that sum directly to the car dealer. This discount available to the buyer could be reduced in stages during the rest of 2009. In return for this boost, the Big Three must agree to increase gas mileage and reduce car sizes. This scheme would keep most Detroit workers employed while avoiding the indiscriminate award of vast sums to the automobile industry. Most American-made cars are very good. New owners will presumably be pleased...
...ignore the growing problems within India." First among those is the increasing disaffection of India's Muslims because of what historian Ramachandra Guha calls "the failures of the Indian state." The country's 138 million Muslims, who comprise 13.4% of the population, are poorer and less educated than the rest of India and vastly underrepresented in both India's largest employer, the state railway system, and its élite civil service...
...about where it was the day before the attacks, with no sudden drop or panicked selling. Yet investors have certainly noticed the attacks; Mark Matthews, chief Asia strategist for Merrill Lynch in Hong Kong, says that India missed the rally over the past week enjoyed by the rest of the Asian markets. "India didn't get a share of that bounce." In the long term, he says, investors may simply start thinking of India as a place where terror attacks happen regularly and price its market accordingly. "Investors tend to get used...
...such as these are carried out (such generalizations can be made because they occur so frequently), pundits predictably exclaim that we must not allow hatred for Islam to fester, but rather, we must remind ourselves that terrorists represent a fringe movement and that tolerance should be extended to the rest of the Muslim world. A witch-hunt may not be in order, but there is no question that the attacks in Mumbai were fueled by the Muslim fanaticism that has grown so prevalent. The Wall Street Journal reported that as two gunmen poised to fire at a dozen people...
...during a lecture entitled “The Health of Poetry,” this year’s Julie S. Phelps Annual Lecture in the Art and the Humanities. Throughout the talk, Lewis explored the association between sadness and poetry. “What distinguishes poets from the rest of society is that they offer themselves to a state of mind that usually only monks do,” said Lewis, who is the Mildred Londa Weisman Fellow at the Radcliffe Institute this year. “The poet’s value to society lies in her resilience...