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...answer is yes, there is a downside. Even though amounts this large inevitably seem like toy money, it's a real trillion dollars we are talking about spending. Even if we spend the money wisely (on bridges to somewhere), we or future generations will still have to pay it off, with interest. Or, more likely, we will inflate it away, along with the life savings of those who were foolish enough to save all their lives. It's just that the downside of doing nothing is worse. It's an easy choice, I guess. But let's not pretend that...
...Kirkuk where the disputes seem most intractable. At its simplest, this is an old-fashioned turf war. The Kurds want the city and its hinterlands to be folded into the northern province of Kurdistan. Turkomans (a distinct ethnic group sharing ancestry with modern Turks) and Arabs would prefer it to remain outside Kurdish hegemony, in the separate Tamim province. Each group points out that the city was once ruled by its forebears. All know that outside Kirkuk is one of Iraq's largest oil fields. Also at stake is the larger, constitutional question of whether Iraq should have a powerful...
After stewing for years in what might seem like standard working-class racism, Walt has to resolve his soldiering in the Korean War--when, he tells Tao, "I used to stash guys like you five feet high in Korea. Used 'em for sandbags." Still haunted by killings that now weigh on him like war crimes, he must emerge from his white-picket cave of bitterness and find a purpose for his life: to become a guardian angel to Tao and Sue and an angel of death to anyone who'd do these decent kids harm...
...seem to have been one of the very few famous child stars who survived without any disorders. How did you do it? Mark Flowers, LOGANVILLE...
...Bringing up Wall Street’s role in the current financial crisis may seem dated. The two and a half months since Lehman Brothers collapsed have been rather eventful—a presidential election, A.I.G.’s bailout, Citigroup’s bailout, a 2,000 point decrease in the Dow, Iceland becoming insolvent, a requested bailout for the Big Three automakers, and as of Monday a bona fide, American-made recession. Because of all of this, it’s easy to forget what started this debacle—the subprime mortgage fiasco. If you?...