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...problem is simple in that if you're an individual, a business owner or an entire state and you build your debt level to 70%, 80%, 90% of your revenues, you soon won't be able to pay the interest on your borrowing - much less the principle - and you'll default," says economist Marc Touati, deputy director of the Paris-based financial-services group Global Equities. "We're not there yet, especially for all the nations of Europe. But there are several, including France, that simply must cut spending, deficit and debt dramatically, and soon - or things will get very...
...trail," answer a "bold challenge," "spur innovation" and, of course, inspire young people, the fact of the matter is that the new plans will keep America on the ground for most of the next decade or longer. And whenever U.S. astronauts finally do return to space, they won't be going very far. (See the 40th anniversary of the moon landing...
...International Space Station is one of the only major stakes NASA has left in the manned space game, and postshuttle it will be the only one. For a while the U.S. won't even have a way to go back and forth between the ISS and earth without hitching a ride on a Russian ship. The station was proposed in 1984 and has been under construction since 1998, and so far not a lick of truly valuable science has come from it. Its intended mission has changed and changed and changed again over the years, from materials manufacturing to zero...
...also looking unlikely that the U.S. Senate will pass carbon-capping legislation anytime soon - Obama lost a key vote for cap and trade when Republican Scott Brown won the late Senator Ted Kennedy's seat in a special election in Massachusetts - and that could potentially invalidate the U.S. Copenhagen pledge and throw the continuing international climate talks into further disarray. "Unless [the U.S.] is serious about its own commitments, there will be a very serious impact on the talks," said Rae Kwon Chung, South Korea's ambassador on climate change. (See the world's most polluted places...
Last season, the Crimson made a stronger showing, dropping a pair of 4-3 nailbiters to BC and the Terriers. Harvard last won the Beanpot title...