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...What it adds up to is a generalized sense of economic insecurity that has dimmed many Americans' optimism about their future. So there's a chance that this election could turn out to be a major economic turning point, just like 1980's was. A significantly new direction in economic policy seems much more likely if Barack Obama (or Hillary Clinton, on the off chance that she returns from the political dead yet again) prevails in November. But throw John McCain together with a Democratic Congress, and who knows what might pop out? Economic trouble begets economic change. Here...
...Some 1.5 million U.S. homes fell into foreclosure in 2007, and the number will probably be even higher this year. Congress is debating a bill aimed at slowing this tsunami, but the window to act is rapidly closing. Next year the focus is likely to turn to preventing a rerun of the real estate debacle. An exact repeat is already unlikely; bleeding banks have toughened lending standards, and the Federal Reserve is tightening its mortgage rules, squeezing out most of those "no doc" mortgage mills...
...lead to a coup by younger, reformist officers. One source at the Rangoon airport described how rank-and-file soldiers were exhausted from unloading relief supplies. Officers, he says, are angry at the lack of planning by their superiors. But it's far from certain whether such frustration will turn into a groundswell against the junta. Similar hopes of reform surfaced during pro-democracy demonstrations last September, only to be dashed when soldiers gunned down dozens of innocent protestors. Thousands of monks, who had led the peaceful rallies, were arrested. Hundreds of political activists remain in jail. A cowed silence...
...other similarity in the two films: to this adult's eyes, they were of only middling quality. The Golden Compass was middling-good, with a beguiling central performance by 13-year-old Dakota Blue Richards, a slinky turn by Nicole Kidman as an evil-stepmom type and a nifty polar-bear fight. But the film never cohered, and at the end it trailed off into a preview of the two sequels that now don't look as if they'll be made. The first Narnia movie was middling-bad, its four lead child actors displaying little charm, their world holding...
That does not bode well for Sarkozy, who must get the reintroduced GMO bill passed before tabling sweeping institutional and constitutional reform, including changes to parliament itself, in June. Many conservatives have already expressed concern over such measures and are looking to the left as possible allies to turn them away. If that happens, Sarkozy may soon be hearing more parliamentary applause of the sort he'd prefer to avoid...