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Dates: during 2000-2009
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Anyone believing the global economic crisis to be over should have taken a look around Europe this week. Desperate to revive his country's feeble economy, Irish Finance Minister Brian Lenihan promised $6 billion worth of savings in a budget aimed at taming the country's stubborn deficit. The plan is his second budget this year, and Ireland's harshest in decades. In a mini-budget announced a couple of hours earlier, Britain's Alistair Darling unveiled his government's latest plan to fix the U.K.'s broken economy, including a punitive tax on bankers' bonuses, a rise in social...
When the Co-op was founded in 1958, Radcliffe College and Lesley University students were hired to do most of the cooking, Forbes said. As the community evolved, residents have taken on all of the day-to-day responsibilities, which they said allows college to be more like real life...
...mantra long invoked to justify American military engagement in Afghanistan and Iraq - we're fighting extremists there so we don't have to fight them here - has taken a beating of late. In September came the arrest of Najibullah Zazi, the Colorado man accused of plotting perhaps the gravest U.S. terrorist attack since 9/11. November saw Major Nidal Malik Hasan gun down 13 people - including 12 of his fellow U.S. soldiers - at Ford Hood, Texas, in the deadliest assault on a military base in U.S. history. The latest blow came Dec. 7, when the U.S. Justice Department filed new charges...
...government has already taken a number of steps in this realm, largely through the Small Business Administration. The issue with increasing access to credit, though, is that easy money was one of the main reasons we wound up on the brink of economic calamity in the first place. Taken as a group, new businesses may be job creators, but any sort of average masks the fact that many young companies completely combust. Lending to them is risky, and while it may be desirable to lend more in an attempt to create jobs, there is a flip side to the coin...
...declared the six-party talks "dead," saying only direct negotiation with the U.S. on a range of issues is acceptable. But pressure from China - thought to be the only country with any leverage over Pyongyang - may have produced a change of heart. Since late this summer, North Korea has taken some steps to ease ongoing tensions with South Korea; Kim personally met with former U.S. President Bill Clinton when he traveled to Pyongyang in order to free two American journalists who had managed to get themselves arrested in North Korea. If the warming trend continues, Bosworth may come...