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Capitol Hill, meanwhile, hums at peak capacity. Congress is frantically stacking pet projects into a trillion-dollar tower in hopes that--by painting the word stimulus down the side--it will lift off like an economic rocket. There is no Plan B. The hero of recessions past--the American shopper--has left the mall. For the first time in its history, the National Retail Federation predicts consumers will actually spend less over the coming year. Super Spender can't save the day when stuck in the unemployment line...
...down to the shores of Lake Kivu and the Congolese border and you'll see real, actual signs of trouble. Every few hundred yards are hand-painted signboards marking the sites of massacres during Rwanda's 1994 genocide. Here, 532 were killed. There, 318. Here, "+/? 5,000." The word JENOSIDE is painted in scarlet, and after you've seen it--and the redness of the earth--a few times, it's hard not to wonder about the great flood of blood that bathed Rwanda when 800,000 people were slaughtered in three months. But there are other signs, signs...
...strength of the pound has long been a source of British pride - the word "sterling" has come to describe something of the highest standard. When the pound plunges, as it did in 1976 and in 1992, the damage to the British psyche is almost as far-reaching as the impact on the economy. And right now sterling's losing its shine. In the past year, the U.K. currency has lost about a fifth of its value against the euro, the currency used in much of the rest of Europe, and 30% against the dollar. Causes aren't hard to come...
...incoming chairwoman also said she believes strongly in the need for a broad investor literacy program, where local SEC offices work with local groups to get the word out about safe and unsafe investments...
...eyes flash as he discusses history and politics in the Beijing apartment he shares with his wife, Jiang Zongcao, 76. "This is not about using violent means to change society," he says. "It's about using peaceful, rational means. Everything I do can be boiled down to one word: patriotism...