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...shuttle program. The idea raised eyebrows--not least because of its price tag, distant target dates and suspicious initial timing, at the start of the 2004 election cycle. In the two years since, however, funding has been forthcoming and design work has begun, with aerodynamic testing on scale models under way at the Marshall Space Flight Center in Huntsville, Ala. While political and fiscal obstacles could still scuttle the whole plan, the ships taking shape in the NASA labs are winning deserved raves...
...worth remembering how Japan got to where it is now. The crushing collapse of the country's financial markets at the beginning of the 1990s exposed Japan to an economic debacle equivalent in scale to the one that laid waste the U.S. after the Wall Street crash in 1929 and the Great Depression. Scores of Japan's banks and insurance companies imploded, unemployment and bankruptcies soared, real estate values melted, and the credit system turned to mush...
...monetary unification gamble—the Euro area is a single large economy, and, as such, needs proactive and cooperative macroeconomic policy of both the fiscal and monetary variety if it is to survive and prosper. The most urgent structural reform the EU needs is not to scale back its welfare state but rather to upgrade its Keynesian arsenal...
...would be virtually impossible to rely solely on Western-owned companies for critical services. It simply couldn?t operate without local firms providing logistics support at the 200 ports its ships visit around the world. After the bombing of the USS Cole in 2000, the Navy undertook a wide-scale review of contracting procedures, including those involving ship husbanding. As a result of that review, the Navy took several steps to increase the security of ships in foreign ports, but maintained its system of contracting. ?We've been doing business in the Persian Gulf for 60 years,? says a Navy...
...projected top-three NFL draft pick Vince Young scored a “six” on the Wonderlic test, the annual exam given to attendees to the pre-draft NFL combine, many were skeptical—especially considering a score of 20 is considered merely average on the scale of human intelligence. Scouts for teams at the top of the draft order breathed a collective sigh of relief after Young reportedly went back and took the test again, this time scoring a much more respectable 16 on the 50-question, 12-minute test. We learned little about Young...