Word: startingly
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...around forever, perhaps not even for long - he has taken a hit at home over the hurting economy and, more recently, over his government's less-than-stellar Morakot relief efforts. While Beijing has a big stake in Ma's political survival, it should start looking beyond the current President and the KMT and build bridges certainly to moderate DPP politicians. After all, the party could come back to power. As for those in Taiwan who still believe they can live apart from China - well, they need to get real. In today's world, no place can flourish without having...
...want to understand the impact Sheila Lukins had on American cooking, start with her breakfast strata. Usually made from little more than dull layers of bread, cheese and eggs, in Lukins' hands the dish became a bold delicacy with prosciutto, arugula and pesto. The fact that her recipes contained ingredients most Americans had never heard of in the 1980s hardly mattered. Lukins, who died Aug. 30 of brain cancer at age 66, knew how to make things taste good...
...much karaoke as music video game.) The 45-song playlist emphasizes guitar-heavy songs - things the Beatles could have sung live. Some of the most infectious are those early, primitive classics from their first album, Please Please Me, which was released in 1963. As you start playing, especially if you're a novice, you may share Lennon's testy frustration, heard on the earliest of the box-set minidocs. "Get that bloody little mike out of my way," he grumbles, and McCartney soothingly replies, "Don't be nervous, John...
Well, yes, at some point it does have to start mattering. But one of the great mysteries of modern politics and economics is where exactly that point might be. When the Federal Government runs a deficit, it has to borrow money. It does so by selling Treasury securities, ranging from short-term bills to 30-year bonds, on which it pays interest. This is like you or me borrowing to cover a shortfall or buy a house, with a crucial difference: countries are, in theory at least, immortal. They can keep rolling over their debts indefinitely. The U.S., with...
There is a limit on how big the government's borrowings can get before they start causing problems. But what's the limit? In the early 1980s, many smart people would have told you that deficits topping 3% of GDP would bring economic pain, as government borrowing crowded out private investment and investors demanded higher interest rates on Treasuries to compensate for our country's shakier finances. But during the Reagan presidency, deficits stayed above 4% of GDP for five straight years - and interest rates fell, and the economy boomed. (Hence Cheney's full statement to O'Neill: "Reagan proved...