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...Those who support NAMA say Ireland has little option but to take the plunge. The International Monetary Fund has predicted that Irish banks could lose up to $53 billion next year if they fail to get rid of their toxic assets. For Pat McCloughan, a Dublin-based economist, the looming bankruptcy threat outweighs all other concerns. "Unfortunately, developers going out of business and home repossessions are an inevitable part of [the downturn]. But a much bigger problem would be if one of the big banks was to fail. That would have massive repercussions for a small country like Ireland...
What's the problem? For starters, Levitt and Dubner begin their chapter on climate change by citing the concerns over the risk of global cooling, which were held briefly by some scientists in the early 1970s - that's a common trope for climate contrarians, who say that if concerns over cooling turned out to be false, maybe the same thing will come of the current worries over global warming. They go on to question the accuracy of today's climate models, and by extension, whether we should really be concerned about potentially catastrophic temperature increases over the coming century. They...
...environmentalists and climatologists are quick to point out, we don't know what the potential side effects of geoengineering might be or whether the entire operation would backfire badly. Geoengineering might be a cheaper option, but followed out to at least one logical conclusion, it could be a pitfall. Say we try to use Myhrvold's giant-garden-hose scheme (after hopefully giving it a better name) without reducing carbon emissions. We could end up in a situation in which we can't abandon geoengineering without risking sudden, disastrous warming due to unchecked CO2 emissions. Then, what was meant...
...still too early to say how effective any of these steps will be. But Alessandro has already proved his abilities at the private-equity firm he founded, and Michael Porter, a Harvard Business School professor whom Alessandro describes as a mentor, says he thinks very highly of him. "He is a strategic thinker who has kept improving his skills as a manager and leader," Porter says...
...Indian forces in Kashmir have traditionally been more focused on jihadists based in Pakistan, such as Lashkar-e-Taiba (LeT), the group that Indian and U.S. authorities blame for last November's terrorist attacks in Mumbai. Indian officials say that Pakistan has not only failed to prosecute any top LeT leaders, it has continued to support their incursions into Indian Kashmir. They hold up as evidence several recent incidents, including a Sept. 12 car bomb set off next to a police bus in Srinagar. "Two Lashkar commanders masterminded the attack," claims Farooq Ahmed, inspector general of police for Kashmir. Ahmed...