Word: rosee
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...Andrew Rose, Bernard T. Rocca Professor of International Trade at the Haas School of Business at the University of California, Berkeley, sees local currencies as limited by their unwieldiness. "Money is primarily just a convenience for enabling exchanges between two parties. The more widely accepted, the more convenient it is," he says. If you need to use different currencies in different locations, the money then becomes less convenient...
...large financial institutions have anything to fear from the use of alternative currencies? Not at all, says Rose. "It's got to be so tiny. It has no effect at all," he says. Besides, he notes, the Fed doesn't care about currency or even the number of bills circulating in the economy. "The Fed cares about monetary policy and deal[s] with that in different ways...
...Furthermore, foreign occupiers wear out their welcome quickly in Afghanistan. Ask the Russians. Recall that the Soviets invaded Afghanistan in 1979 seeking to protect a threatened client regime, but an armed resistance quickly rose up calling itself the mujahideen. One outsider who aided this resistance force was a wealthy Saudi named Osama bin Laden. Our CIA supported the mujahideen as well. Russian troop strength was eventually increased up to 108,000, and vigorous offensive actions were launched in the countryside, but control could never be established. The effort became a moral and political calamity. Over a decade 13,000 Soviet...
...stuff of movies: a dead fish and a rose on a car windshield, a safe full of money and explosives, a room full of wiretapping equipment. The 2002 arrest of Anthony Pellicano, former private eye to the stars, kicked off one of Hollywood's most dramatic scandals. On Dec. 15, a federal judge sentenced Pellicano to fifteen years in prison after a May trial in which he was found guilty on 78 counts, including wiretapping and racketeering. He's been in jail since 2003 on federal explosives charges. Only in Hollywood, kids...
...small, bare concrete plaza as the Canadian flag was raised, then lowered to half-staff. Next the Danish flag and finally the NATO flag were raised and left to rest at half-staff. A small group of soldiers from assorted countries stood at attention and saluted as the flags rose and fell. There were no American flags this day, but there soon will...