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...players today standing 10 feet behind the baseline and hitting clean winners. That's when I say to myself, "This is not a game I know much about." There's always a lot of talk on whether today's players could play with a wooden racket. I'm sure Federer could. But other players would battle just to enjoy the game with a wooden racket. They'd make so many mistakes...
That figure is now starting to fall. At the end of 2008, the debt-to-income ratio was down to 130%, and new numbers from the Federal Reserve on Thursday are sure to show another drop...
...Yardeni and others are worried that higher interest rates could push housing prices lower, and hurt banking profits. What's more, rising rates could indicate that inflation, which has largely disappeared in the recession, is coming back. To be sure, the increase in borrowing costs has already slowed home-loan-refinance activity, but it is unlikely to do much else to damage the economic recovery. (See pictures of the housing crisis...
...whose overspending largely got us into this mess, are still under massive pressure, owing to the record debt they racked up during the boom years. People are unwinding those burdensome obligations - from mortgages to car loans to credit-card debt - as fast as they can, but the process is sure to take years, and until it is complete, the economy can't fully bounce back. "Even though we're probably past the worst in the business cycle and probably even in the bear market, we're talking about something much bigger here," says David Rosenberg, chief economist at money manager...
Laura Ling and Euna Lee, the American journalists who were each handed 12 years in prison yesterday by a North Korean court for committing "hostile acts" by allegedly overstepping the border in March, have received a harsh sentence by Western standards of justice. The news is grim, to be sure. But former prisoners in Pyongyang's horrific penal system speculate that the pair may not have to endure the grimmest conditions, which very few have emerged to talk about...