Word: sounding
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...Gist: In his latest book, the Stanford professor and Wired columnist rails against the nation's copyright laws - regulations he believes are futile, costly and culturally stifling. Citing "hybrid" economies like YouTube and Wikipedia (both of which rely on user-generated "remixes" of information, images and sound), Lessig argues in favor of what he calls a "Read/Write (RW)" culture - as opposed to "Read/Only (RO)" - that allows consumers to "create art as readily as they consume...
...that very crunch," Touati says. "Right now, a lot of the medicine for a remedy for long-term recovery is already out there, but markets are in such a micro-short-term speculative mode they aren't taking it. That's what has driven share prices of many fundamentally sound companies so low that investors willing to take a risk now will make a killing in the longer term...
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...credit crisis is hurting one of the areas critical to the nation's recovery: mortgage rates. In the past week, the average mortgage rate on a 30-year fixed home loan has jumped more than one half a percentage point to 6.74%, according to Bankrate.com. That might not sound like much, but it is the biggest one-week rise in the normally stable lending rate in 21 years. Some economists say mortgage rates could soon top 7%, a level they have not seen in more than six years...
...years past, McCain would have had the better of this argument - it is the classic division between liberals and conservatives. But 2008 has proved to be a new and frightening moment for the American electorate, and having the government help in finding, and funding, health care doesn't sound like such a bad idea anymore. McCain had a feisty debate, with some high points and a bit too much anger to make Americans feel very comfortable in his presence, but to a very great extent, his fate - like this election - was out of his control. This is simply...