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...late 1980s, Akio Morita, Sony's flamboyant co-founder, was one of the most outspoken about Japan's economic conflicts with America. He argued that all of the bickering about currency rates and corporate practices were somewhat irrelevant. The U.S. trade deficit, he wrote at the time, was "a result of commercial transactions based on preferences." Translation: Americans simply wanted to buy lots of things from Japan. The problem was that "American politicians fail to understand this simple fact...
...inception in 1977, it has granted over $40 million to Truman Scholars. Yet, there is a limit to the amount of grants that can be given all in all. Harvard has already increased financial aid resources tremendously and most universities are in no position to follow suit. As a result, a system of loans would enable universities to help more students than the select few who receive scholarships and fellowships...
...that Obama money will now be channeled into a major voter registration and get-out-the-vote operation. The McCain campaign hopes to contain the Obama advantage by depending heavily on the Republican Party machinery, which has a historically superior general election get-out-the-vote operation. As a result, the campaign has been encouraging wealthy donors to give even after they have reached their $2,300 donation limit for McCain. Under a program called "McCain Victory '08," donors are encouraged to give up to $70,000 to state and national party funds. After the general election, McCain is likely...
...make a spectacular comeback in any presidential run-off. Under Zimbabwe's electoral law, if no candidate wins the support of more than 50% of the electorate, the two leading candidates must face each other in a second round. Though that same law also mandates the second result must be held within three weeks of the first, the authorities have yet to announce a date for it, fuelling further speculation that they are delaying any new poll until after they can be sure that their campaign of fear has taken effect...
...little hope of Mugabe and his Zimbabwean African National Union (Patriotic Front) (Zanu-PF) party retaining power by legitimate means. Unemployment is at 80%, inflation an absurd 100,000% and life expectancy has plunged into the mid-30s. After 28 years of one-man and one-party rule, the results of the March 29 general election showed most Zimbabweans were unconvinced by Zanu-PF claims that Zimbabwe's economic misfortunes were not the result of state incompetence and corruption, but rather a Western imperial plot to impoverish, and eventually recolonize, Zimbabwe...