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There are plenty of reasons to believe that small businesses aren't getting the credit they need. In the last three months of 2009, business lending at smaller banks, which tend to cater to smaller companies, was down at a 13% annual rate, according to the Federal Reserve. Not only are loans harder to come by, but they're also more expensive. That has the potential to slow down economic recovery, since firms that can't borrow often can't expand. Policymakers have responded with a number of programs to boost small-business lending, including an Obama Administration proposal...
...Keep Your Fingers Crossed When bubbles finally do burst, recent history has shown, they tend to do so with a bang. Is China, in fact, now at the end of its real estate boom? Many are not convinced. They point to a couple of factors that make China's situation different from that of the U.S. The first is that the real estate sector is nowhere near as reliant on debt financing as it is in the U.S. and much of the rest of the developed world. Consider the complex in which Yang, the cabbie, bought one of his three...
...concocting cruel experiments to prove far-fetched points, both then and now, has its critics. "I think often our conversations about animals tend to go to these weird extremes and act to conceal what we are doing to them every day," says Jonathan Safran Foer, whose new book, Eating Animals, relates his attempt to understand how animals become food. "Should we swat flies, is it possible that plants like it when we play classical music, can dogs commit suicide - all of these things may be interesting, but they have nothing to do with how we regularly interact with animals...
...Despite the country's recent economic gains, Slovaks do tend to have an astonishingly poor view of their nation. In a 2006 study based on polling by the International Social Survey Program, for example, Slovakia ranked as the fourth least patriotic nation out of 33 countries surveyed -the U.S., not surprisingly, was number one. Slovakia's angst began when Czechoslovakia split up in 1993 and Vladimir Meciar became Prime Minister of the new Slovak nation, ushering in four years of autocratic and isolationist rule. The country was considered such a backwater during those days that then-Secretary of State Madeleine...
...restaurant critic since the fall of 2005, he has written about food for decades, and brought a wealth of cumulative knowledge to the baffling array of weird foods, concepts and trends that a 21st century eater has to face. Critics, even at potent establishments like the New York Times, tend to be younger, and are often former reporters or freelancers who don't have much of a food background. Even those like Jonathan Gold at LA Weekly or Tom Sietsema of the Washington Post, who came to the job with culinary experience, rarely had the kind of vast, transatlantic eating...