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...even a 5-year-old can feel the aggressive glamour of the Shah's regime. Nearly every shop and office has a picture of the hawk-faced Shah and his beautiful Empress, Farah. My favorite is the one where the Empress wears an ermine robe, and a crown twice as big as any queen's in my fairy-tale books...
...survey of retired New York City police supervisors, however, confirms what many skeptics have suspected for years. Pressure from the twice-weekly CompStat reviews inspired a certain amount of fudging (exactly how much is unknown). Police hunted for bargains on eBay so that they could adjust theft reports to reflect lower values of stolen goods, magically transforming major crimes into minor ones. A fight involving a weapon - aggravated assault - might become a mere fistfight by the time the police report was filed. Nevertheless, behind the gamesmanship was a genuine drop in crime. (Murder is down an astonishing 80% from...
...rest of the euro-zone countries can come to the rescue. Indeed, these countries - led by France and Germany - have pledged twice this month to do what's necessary to see Greece through its deficit crisis and defend the common currency. If need be, officials say, that will include a financial bailout of Greece, providing the funds to allow Athens to make its debt payments as the government slashes spending and raises taxes, no matter how unpopular this may be with its taxpayers. (See "In Paris and Berlin, Fury Over a Greek Bailout...
...loan balance that grows, instead of shrinks, over time. In its report, Amherst dissected one such loan, which was written in 2007 for $465,000 over 40 years. A minimum monthly payment that started at $1,260 soon rose to $1,354 and then to $2,806, more than twice the original amount. The borrower quickly defaulted. Going forward, the bigger problem is the reset that normally comes after five years. Even without negative amortization, many borrowers will see their monthly payments jump by 50% or more. According to an S&P study of loans originated in 2005, borrowers...
...Afghanistan, only much larger. Niger adds an extra dimension to this worrying picture: it is home to Africa's largest deposits of uranium, needed to build nuclear power stations and weapons. And lawlessness is endemic. While I was reporting in Niamey last April, my car was attacked twice by mobs wielding steel poles and lumps of concrete, battering its side and smashing its windows. A senior civil servant who got into the car shortly afterward said such attacks happened every day and dismissed the rioters as "des gosses" - "kids" - as he carefully brushed broken glass off his seat...