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...emergence of the slogan that "things are not getting bad as fast as they were." Some of that relied on slowing weekly unemployment figures and better-than-expected consumer sentiment. For a brief period, all of the statistics on the economy were read as being good. The first set of numbers that let nagging doubt worked its way into optimistic minds was the sharp increase in foreclosure rates. In March there was a 46% increase in filings compared with the same month last year. That news was followed quickly by unexpectedly poor numbers from the Conference Board which said that...
...able to make mortgage payments. The pace of that trend does not mean much until net new jobs are being created Third, and finally, real estate prices are falling and the rate at which people are losing homes or are going into default plumbs new depths with each set of new numbers...
...Though those comments were set within the context of Sarkozy seeking to replace France's dysfunctional-and often harmful-post-colonial relationship with Africa with a more open and democratic one, his comments were widely criticized as caricaturizing and racist. In recalling them during her Dakar visit, Royal asked for "pardon for those humiliating words that never should have been spoken, and which-I tell you in all certainty-represent neither France or the French people...
...intended. Indeed, given the unbridled fury that both of Sarkozy's public pronouncements produced, one might expect Royal's serial apologizing to have thrilled fellow Socialists. Think again. Though most leftists were pleased to see Sarkozy squirm during the international press storm his reported swipes at fellow leaders set off, few approved of Royal's apology on behalf of a nation that had said "no thanks" to her offer to lead it. (Read "Mon Dieu! Chirac More Popular Than Sarkozy...
...Tigers had built an earth bund, several meters high, around a narrow 12-km (7.5-mile) no-fire zone on the eastern shores of the Mulaithivu lagoon and, according to reports from the area, had set up gun encampments every 30 meters (98 feet) or so along it. According to Laxman Hulugalle, Director General of the Sri Lankan defense ministry's Media Centre for National Security, after overnight fighting, troops captured a small stretch of the fortified earth bund on the morning of April 20, and between 25,000 and 30,000 civilians trapped behind the bund streamed through...