Word: westing
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Until Senate Majority Harry Reid decided to scrap a government-run insurance plan in order to get the 60 votes needed to pass health care reform legislation, Sen. Jay Rockefeller was one of the chamber's most ardent public option supporters. Without a public option, the West Virginia Democrat feared, insurers - fattened by billions of dollars in new government subsidies and a new requirement that most Americans purchase insurance - would run rampant, jacking up prices and padding profits and executive salaries. But Rockefeller and several other Democratic senators also had their eye on a different way to keep insurer profit...
...aides tells me that some psychiatrist in the West once defined insanity as doing the same thing over and over again, and expecting to get a different result. I thought that was pretty good, though I imagine in your State Department there are some folks who probably don't get the joke. But never mind. As you guys like to say, let me cut to the chase: In response to the choices you offer me, I choose B. Isolation. Penury. And nukes. (Most of all, nukes.) (See pictures of North Korea going to the polls...
...With auto sales in the West in a deep slump, 2009 saw carmakers increasingly focus on developing countries like China and India, which have largely shrugged off the global recession and where disposable incomes continue to grow rapidly. China this year will surpass the U.S as the world's largest car market, while India has become the largest market for small cars, according to Dilip Chenoy, director general of the Society for Indian Automobile Manufacturers. Four out of every five cars sold in India are small cars, defined as vehicles with engines displacing less than 1.2 liters. (Ten Things...
...frugal, stores weep about their lost 30% markups. Does anyone really care about that now? Most people are trying to hold on to their homes, their savings, their retirements. There is nothing wrong with a little Pilgrim virtue when it comes to saving more and spending less. Bruce McPhee West Yarmouth, Mass...
Nigeria matters. As oil-rich nations from Russia to Venezuela to Iran become ever more nationalistic and tighten their supplies of fuel, more high-quality oil discoveries are being made off West Africa's coast, giving the world a (usually) reliable new source of oil. The U.S. already imports 16% of its oil from Africa, according to the U.S.-based Energy Information Administration, and wants to raise that to 25% in the future. Nigeria holds by far the biggest reserves in Africa and supplies 8 to 10% of all U.S. oil imports, according to the EIA. But in recent years...