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...With real (i.e. inflation-adjusted) oil prices having more than tripled since the last recession ended in late 2001, a pullback by the heretofore unflappable American consumer is a distinct possibility that would spell trouble for the rest of the world. Particularly worrisome is the possibility of a double whammy for the world's fastest growing region, non-Japan Asia. This economic bloc is likely to be hit especially hard by the combined impacts of its inefficient energy consumption technology and its excess dependence on the American consumer...
...even more compelling. Matthew Liptak Boardman, Ohio, U.S. A friend asked me why I would stand in line and wait for the new Harry Potter book to be released at midnight. Couldn't my children wait until Saturday morning to get their copy? The answer is in the magic spell that Rowling spins. You simply can't wait one extra moment, and the same is true for her readers all around the globe. Rowling has brought kids together and given them something in common. They all know Harry. The world's children aren't really all that different from...
...suddenly and force homeowners to bail on their properties. When some interest-only mortgages start to amortize, monthly payments can increase by thousands of dollars. In places like Denver, Colorado, where an estimated half of all home loans made last year were of the interest-only type, that can spell disaster...
...Beirut for 60 Minutes, made an unexpected stop last week at Peter Jennings' old house. "I just drove by one of the places Peter used to live here," Rather told Time.com by phone from Beirut. "And thought I'd stop alongside for a minute." Rather indulged himself in a spell of nostalgia, both for Jennings, his longtime friend and competitor who lay dying of lung cancer half a world away in New York City, and for Beirut's bad old days of warlords and war correspondents, when the two men first got to know each other...
...knew a little bit about voodoo, mostly love-spell books I got from my girlfriends. I believe our minds are powerful enough to manifest whatever we'd like...