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...activity spread across the economy." It's certainly better for economic activity to be increasing rather than decreasing, but the focus on whether the economy is in recession or not can miss a lot. "I don't care about what the dating committee says. I'm concerned about longer-term issues," says Yale economist Robert Shiller. "We are in for an extended period of subnormal economic growth." Mohamed El-Erian, chief executive officer of bond-investing giant Pimco, has popularized a catchier if less informative phrase for what we're in for: "the new normal...
...most important - if least sexy sounding - of which will be its laser altimeter. The altimeter will bounce laser beams off the lunar surface and, by measuring the speed at which they reflect back up, calculate the moon's topography to within inches. That's critical since long-term lunar stays require finding not only hospitable places to land, but also hospitable places to establish a home. (See the space moon race...
...reporters in Las Vegas, doubtlessly dashed the hopes of many in the party who considered Ensign an emerging national leader. The 51-year-old even fanned the flames of presidential speculation earlier this month with a trip to the key presidential-primary state of Iowa. Beyond embarrassing the second-term Senator, the revelation opened him to charges of hypocrisy: he had previously called on both President Bill Clinton and former Idaho Senator Larry Craig to resign after their own sex scandals. (See the top 10 political sex scandals...
...that it will make good. On June 17, Obama held a signing ceremony in the Oval Office to announce new policies that made a number of minor changes to the benefits offered to the same-sex partners of federal employees and foreign-service officers, including sick leave and long-term-care insurance rights. But the core of the President's message was that work on gay and lesbian equality is just beginning. "We've got more work to do to ensure that government treats all its citizens equally; to fight injustice and intolerance in all its forms; and to bring...
...June 16. "I've been talking with the Chinese since the late [1970s] about North Korea," former U.S. negotiator Evans Revere, now president of the Korea Society, told a Senate panel last week. Beijing's attitude is shifting. "I've had a couple of Chinese officials actually use the term 'security liability' in their descriptions of North Korea today," Revere said. (See pictures of the tense border between North and South Korea...