Word: scenarios
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...president that the free ride from Russia is over. Putin visited Pyongyang Wednesday, and got North Korea's "Dear Leader" Kim Jong Il to agree to scrap his missile program in exchange for help with civilian space exploration. The specifics of the plan - which include the somewhat unlikely scenario of the U.S. supplying North Korea with a civilian rocket program - are less important than the overall picture. Washington insisted it needed to build its National Missile Defense program by 2005 in order to counter a purported threat from North Korea; Putin's out to show that there is no North...
...days and 40 nights of rain, including the Ark's soft landing on Mount Ararat. So it is real cause for concern that he has joined the chorus of scientists and environmentalists who are saying that the watery threat to New Orleans is extreme--that in the worst-case scenario, in fact, there might not be a city of New Orleans left standing by the end of the century...
Where preretirees really mess up is in continuing to contribute to a tax-deferred variable annuity, often billed as the next best thing to a 401(k). Sam Beardsley, head of T. Rowe Price's tax department, says that in virtually every scenario he ran, investing in straight taxable funds late in your savings years produced more retirement income than a tax-deferred annuity. Other studies suggest that you need at least 20 years of accumulation before a tax-deferred annuity makes sense...
Papal politics, unlike presidential politics, is never a winner-takes-all scenario. And that makes the Vatican unlikely to abandon its effort to beatify Pope Pius IX, despite protests by liberal and Jewish groups. The latter are incensed that the current pontiff, so deeply committed to healing the church's relationship with the Jews, would propose sainthood for a man who in the mid-19th century forced Rome's Jews back into the ghetto and stripped them of their civil rights after having initially allowed them greater freedom. Further fueling the protests is the case of Edgardo Mortara...
Watch for further debate. While this case depicts a very specific scenario, legal analysts say the Court's decision may indicate the Justices' intent to uphold the separation of church and state - even if it means reining in the rights shielding religious speech...